Advisors Asset Management Inc. cut its position in shares of Anthem, Inc. (NYSE:ANTM) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,020 shares of the company’s stock after selling 2,033 shares during the period. Advisors Asset Management Inc.’s holdings in Anthem were worth $2,638,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ANTM. State of Alaska Department of Revenue acquired a new stake in Anthem during the first quarter worth approximately $690,000. Nationwide Fund Advisors increased its stake in Anthem by 15.2% in the first quarter. Nationwide Fund Advisors now owns 103,053 shares of the company’s stock worth $17,043,000 after buying an additional 13,613 shares in the last quarter. Hollencrest Securities LLC acquired a new stake in Anthem during the first quarter worth approximately $242,000. Sigma Planning Corp acquired a new stake in Anthem during the first quarter worth approximately $214,000. Finally, Westbourne Investment Advisors Inc. increased its stake in Anthem by 2.9% in the first quarter. Westbourne Investment Advisors Inc. now owns 3,105 shares of the company’s stock worth $514,000 after buying an additional 88 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.
Anthem, Inc. (NYSE ANTM) opened at 192.97 on Tuesday. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $194.94. The stock’s 50 day moving average price is $190.53 and its 200-day moving average price is $178.01. The stock has a market capitalization of $50.67 billion, a P/E ratio of 18.25 and a beta of 0.73.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.33 earnings per share. Equities research analysts expect that Anthem, Inc. will post $11.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is 24.62%.
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A number of equities research analysts have commented on ANTM shares. Cantor Fitzgerald restated a “hold” rating and issued a $165.00 target price on shares of Anthem in a research report on Monday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $183.00 price objective (up from $179.00) on shares of Anthem in a research note on Thursday, April 27th. Deutsche Bank AG lifted their price objective on Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Sanford C. Bernstein lifted their price objective on Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Finally, Morgan Stanley started coverage on Anthem in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $181.76.
In related news, Director Ramiro G. Peru sold 2,681 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total transaction of $486,815.98. Following the sale, the director now owns 13,571 shares of the company’s stock, valued at $2,464,222.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the sale, the executive vice president now directly owns 26,571 shares in the company, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,754 shares of company stock worth $2,595,073. Corporate insiders own 0.36% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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