Community Bank N.A. decreased its holdings in Anthem Inc (NYSE:ANTM) by 2.3% during the second quarter, Holdings Channel.com reports. The firm owned 2,140 shares of the company’s stock after selling 50 shares during the period. Community Bank N.A.’s holdings in Anthem were worth $563,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its stake in Anthem by 39.4% in the first quarter. Wellington Management Group LLP now owns 11,339,960 shares of the company’s stock valued at $2,574,624,000 after purchasing an additional 3,204,783 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Anthem by 7,057.1% in the 1st quarter. Franklin Resources Inc. now owns 1,311,172 shares of the company’s stock valued at $297,689,000 after buying an additional 1,292,852 shares in the last quarter. Capital International Investors increased its holdings in Anthem by 16.3% in the first quarter. Capital International Investors now owns 8,118,139 shares of the company’s stock worth $1,843,144,000 after buying an additional 1,139,145 shares during the last quarter. APG Asset Management N.V. raised its position in Anthem by 119.7% during the first quarter. APG Asset Management N.V. now owns 1,493,612 shares of the company’s stock valued at $381,740,000 after acquiring an additional 813,642 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Anthem by 42.2% in the first quarter. Royal Bank of Canada now owns 1,191,687 shares of the company’s stock valued at $270,560,000 after acquiring an additional 353,768 shares during the last quarter. Institutional investors own 86.82% of the company’s stock.
Several brokerages have recently commented on ANTM. Royal Bank of Canada increased their price target on shares of Anthem from $319.00 to $331.00 and gave the stock an “outperform” rating in a research note on Thursday. Cfra upgraded Anthem from a “hold” rating to a “buy” rating and raised their target price for the company from $290.00 to $306.00 in a report on Wednesday, April 29th. UBS Group upped their price target on Anthem from $307.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on Anthem from $310.00 to $423.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Goldman Sachs Group initiated coverage on Anthem in a research report on Friday, June 5th. They set a “neutral” rating and a $340.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $333.50.
In related news, Director Robert L. Dixon, Jr. sold 1,102 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $284.59, for a total value of $313,618.18. Following the completion of the transaction, the director now directly owns 9,568 shares of the company’s stock, valued at $2,722,957.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gloria M. Mccarthy sold 18,261 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $276.11, for a total transaction of $5,042,044.71. Following the completion of the sale, the executive vice president now directly owns 60,360 shares in the company, valued at approximately $16,665,999.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,465 shares of company stock worth $5,667,815. 0.22% of the stock is owned by company insiders.
Shares of ANTM traded down $3.39 during mid-day trading on Friday, hitting $273.80. The company’s stock had a trading volume of 1,005,292 shares, compared to its average volume of 1,187,834. The stock’s 50-day moving average is $264.60 and its two-hundred day moving average is $268.06. The firm has a market capitalization of $68.86 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 1.64. Anthem Inc has a one year low of $171.03 and a one year high of $309.10.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 29th. The company reported $9.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.77 by $0.43. The firm had revenue of $29.20 billion during the quarter, compared to analysts’ expectations of $29.37 billion. Anthem had a net margin of 5.24% and a return on equity of 19.44%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.64 EPS. Analysts expect that Anthem Inc will post 22.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Wednesday, September 9th. Anthem’s dividend payout ratio (DPR) is presently 19.55%.
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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