Edge Advisors LLC decreased its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 21.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,220 shares of the company’s stock after selling 602 shares during the quarter. Edge Advisors LLC’s holdings in Anthem were worth $419,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in ANTM. Janus Henderson Group PLC raised its position in shares of Anthem by 2,835.4% in the second quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock valued at $218,554,000 after purchasing an additional 1,122,159 shares during the period. JPMorgan Chase & Co. increased its position in Anthem by 177.3% during the second quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock worth $238,783,000 after acquiring an additional 811,537 shares during the period. UBS Asset Management Americas Inc. increased its position in Anthem by 80.6% during the second quarter. UBS Asset Management Americas Inc. now owns 1,583,761 shares of the company’s stock worth $297,953,000 after acquiring an additional 706,775 shares during the period. BlueMountain Capital Management LLC increased its position in Anthem by 12,287.7% during the second quarter. BlueMountain Capital Management LLC now owns 596,715 shares of the company’s stock worth $112,260,000 after acquiring an additional 591,898 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Anthem during the third quarter worth about $101,758,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.
A number of research firms recently commented on ANTM. B. Riley reaffirmed a “buy” rating on shares of Anthem in a research report on Wednesday. Cantor Fitzgerald reissued a “buy” rating and issued a $215.00 target price on shares of Anthem in a report on Wednesday, September 20th. BMO Capital Markets began coverage on shares of Anthem in a report on Monday, October 16th. They issued a “market perform” rating on the stock. Jefferies Group restated a “hold” rating and issued a $204.00 price target on shares of Anthem in a research note on Sunday, August 20th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $202.00 price target on shares of Anthem in a research note on Wednesday, October 4th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $201.07.
In related news, Chairman Joseph Swedish sold 21,125 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $231.43, for a total value of $4,888,958.75. Following the transaction, the chairman now directly owns 87,668 shares of the company’s stock, valued at approximately $20,289,005.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ronald W. Penczek sold 978 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total transaction of $212,636.76. Following the completion of the transaction, the senior vice president now directly owns 1,222 shares in the company, valued at $265,687.24. The disclosure for this sale can be found here. Insiders have sold a total of 65,955 shares of company stock worth $13,907,287 over the last ninety days. Insiders own 0.36% of the company’s stock.
Shares of Anthem, Inc. (ANTM) traded up $0.93 during mid-day trading on Thursday, reaching $223.64. 1,222,394 shares of the company’s stock were exchanged, compared to its average volume of 1,602,143. The company has a market cap of $57,420.00, a price-to-earnings ratio of 17.94, a PEG ratio of 1.75 and a beta of 0.79. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53. Anthem, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $236.39.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.25. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. Anthem’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.45 EPS. research analysts anticipate that Anthem, Inc. will post 11.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio is 25.32%.
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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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