Twin Capital Management Inc. decreased its position in shares of Anthem Inc (NYSE:ANTM) by 28.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,460 shares of the company’s stock after selling 15,200 shares during the period. Twin Capital Management Inc.’s holdings in Anthem were worth $10,854,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANTM. Geode Capital Management LLC grew its position in Anthem by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 3,387,625 shares of the company’s stock valued at $888,145,000 after purchasing an additional 273,738 shares during the last quarter. First Manhattan Co. grew its position in Anthem by 19.3% during the 1st quarter. First Manhattan Co. now owns 477 shares of the company’s stock valued at $136,000 after purchasing an additional 77 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Anthem by 21.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 662 shares of the company’s stock valued at $190,000 after purchasing an additional 117 shares during the last quarter. Pennsylvania Trust Co purchased a new stake in Anthem during the 1st quarter valued at about $6,507,000. Finally, Northpointe Capital LLC grew its position in Anthem by 43.4% during the 1st quarter. Northpointe Capital LLC now owns 19,663 shares of the company’s stock valued at $5,643,000 after purchasing an additional 5,952 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.
In other news, Director Ramiro G. Peru sold 1,656 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $275.00, for a total value of $455,400.00. Following the transaction, the director now owns 11,173 shares in the company, valued at approximately $3,072,575. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Dixon, Jr. sold 520 shares of the 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 completion of the transaction, the director now owns 9,971 shares in the company, valued at approximately $2,932,570.81. The disclosure for this sale can be found here. Insiders sold a total of 11,765 shares of company stock worth $3,327,092 in the last quarter. Company insiders own 0.17% of the company’s stock.
A number of brokerages have recently issued reports on ANTM. Citigroup raised shares of Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price target on the stock in a report on Friday, May 10th. SunTrust Banks dropped their price target on shares of Anthem to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Morgan Stanley raised their price target on shares of Anthem from $359.00 to $371.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $360.00 price target on shares of Anthem in a report on Sunday, April 21st. Finally, UBS Group began coverage on shares of Anthem in a report on Tuesday, April 23rd. They set a “buy” rating and a $294.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Anthem has a consensus rating of “Buy” and a consensus price target of $325.67.
Shares of NYSE ANTM traded up $2.54 during trading on Thursday, reaching $275.44. 72,399 shares of the company traded hands, compared to its average volume of 1,278,921. The firm’s 50 day moving average price is $292.21. Anthem Inc has a 52-week low of $227.16 and a 52-week high of $317.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $72.14 billion, a PE ratio of 17.32, a PEG ratio of 1.04 and a beta of 0.71.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.61 by $0.03. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The firm 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 earned $4.25 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts forecast that Anthem Inc will post 19.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, September 9th. Anthem’s dividend payout ratio (DPR) is presently 20.14%.
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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