Brookstone Capital Management lessened its stake in Anthem Inc (NYSE:ANTM) by 21.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,089 shares of the company’s stock after selling 300 shares during the quarter. Brookstone Capital Management’s holdings in Anthem were worth $299,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd lifted its holdings in shares of Anthem by 138.2% during the 3rd quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock valued at $22,004,000 after acquiring an additional 46,590 shares in the last quarter. Visionary Asset Management Inc. acquired a new position in shares of Anthem during the 3rd quarter valued at $223,000. Calamos Wealth Management LLC acquired a new position in shares of Anthem during the 2nd quarter valued at $684,000. Advisors Asset Management Inc. lifted its holdings in shares of Anthem by 48.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 15,646 shares of the company’s stock valued at $2,353,000 after acquiring an additional 5,086 shares in the last quarter. Finally, Partner Fund Management L.P. lifted its holdings in shares of Anthem by 7.0% during the 2nd quarter. Partner Fund Management L.P. now owns 707,244 shares of the company’s stock valued at $168,345,000 after acquiring an additional 46,374 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.
Several research firms recently weighed in on ANTM. Jefferies Financial Group restated a “buy” rating and set a $296.00 target price on shares of Anthem in a report on Thursday, July 26th. Credit Suisse Group lifted their target price on shares of Anthem from $311.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. BMO Capital Markets lifted their target price on shares of Anthem from $300.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, November 1st. Cantor Fitzgerald restated a “buy” rating and set a $275.00 target price on shares of Anthem in a report on Thursday, October 25th. Finally, Morgan Stanley lifted their target price on shares of Anthem from $269.00 to $273.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Anthem has an average rating of “Buy” and an average target price of $292.19.
In related news, EVP Thomas C. Zielinski sold 7,826 shares of Anthem stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $289.71, for a total transaction of $2,267,270.46. Following the sale, the executive vice president now owns 29,466 shares of the company’s stock, valued at approximately $8,536,594.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie A. Hill sold 248 shares of Anthem stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $267.01, for a total transaction of $66,218.48. Following the sale, the director now directly owns 34,827 shares in the company, valued at approximately $9,299,157.27. The disclosure for this sale can be found here. Insiders have sold a total of 23,773 shares of company stock worth $6,554,741 in the last ninety days. 0.31% of the stock is currently owned by insiders.
Anthem stock opened at $287.06 on Friday. Anthem Inc has a 12-month low of $214.95 and a 12-month high of $290.84. The firm has a market cap of $74.33 billion, a P/E ratio of 19.47, a PEG ratio of 1.47 and a beta of 0.86. The company has a current ratio of 1.53, a quick ratio of 1.54 and a debt-to-equity ratio of 0.59.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.70 by $0.11. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The firm had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $22.85 billion. During the same quarter in the previous year, the firm posted $2.65 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that Anthem Inc will post 15.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, December 5th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.05%. The ex-dividend date is Tuesday, December 4th. Anthem’s dividend payout ratio (DPR) is 24.92%.
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Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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