Family Legacy Inc. increased its holdings in shares of Anthem Inc (NYSE:ANTM) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,389 shares of the company’s stock after purchasing an additional 93 shares during the period. Family Legacy Inc.’s holdings in Anthem were worth $956,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in ANTM. NuWave Investment Management LLC lifted its stake in Anthem by 46.3% in the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock valued at $34,000 after acquiring an additional 38 shares in the last quarter. Sonora Investment Management LLC lifted its stake in Anthem by 38.0% in the 2nd quarter. Sonora Investment Management LLC now owns 138 shares of the company’s stock valued at $39,000 after acquiring an additional 38 shares in the last quarter. Convergence Investment Partners LLC lifted its stake in Anthem by 4.2% in the 2nd quarter. Convergence Investment Partners LLC now owns 943 shares of the company’s stock valued at $266,000 after acquiring an additional 38 shares in the last quarter. Brighton Jones LLC lifted its stake in Anthem by 3.7% in the 1st quarter. Brighton Jones LLC now owns 1,082 shares of the company’s stock valued at $311,000 after acquiring an additional 39 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Anthem by 15.3% in the 1st quarter. Lindbrook Capital LLC now owns 362 shares of the company’s stock valued at $103,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 87.79% of the company’s stock.
Shares of Anthem stock opened at $290.57 on Monday. Anthem Inc has a 12-month low of $227.16 and a 12-month high of $317.99. The company has a market cap of $74.33 billion, a PE ratio of 18.29, a P/E/G ratio of 1.08 and a beta of 0.71. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $292.70.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.61 by $0.03. Anthem had a return on equity of 15.02% and a net margin of 4.21%. The company had revenue of $25.20 billion for the quarter, compared to analysts’ expectations of $24.88 billion. During the same quarter in the prior year, the business posted $4.25 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. Analysts forecast that Anthem Inc will post 19.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, September 9th. Anthem’s payout ratio is presently 20.14%.
ANTM has been the topic of several research reports. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $293.00 target price on the stock in a research note on Thursday, May 16th. Barclays boosted their target price on Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Morgan Stanley upped their price objective on Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. UBS Group assumed coverage on Anthem in a research note on Tuesday, April 23rd. They set a “buy” rating and a $294.00 price objective on the stock. Finally, SunTrust Banks dropped their price objective on Anthem to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $325.67.
In related news, Director Robert L. Dixon, Jr. sold 520 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $294.11, for a total transaction of $152,937.20. Following the transaction, the director now directly owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Zielinski sold 8,826 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $283.92, for a total value of $2,505,877.92. Following the transaction, the executive vice president now directly owns 33,183 shares in the company, valued at $9,421,317.36. The disclosure for this sale can be found here. Insiders have sold a total of 11,765 shares of company stock worth $3,327,092 over the last three months. 0.17% of the stock is owned by insiders.
Anthem Company Profile
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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