Strategic Advisors LLC lessened its position in Anthem Inc (NYSE:ANTM) by 54.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,618 shares of the company’s stock after selling 1,901 shares during the quarter. Strategic Advisors LLC’s holdings in Anthem were worth $456,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Destination Wealth Management purchased a new stake in Anthem in the 1st quarter worth approximately $31,000. Lee Financial Co purchased a new stake in Anthem in the 1st quarter worth approximately $32,000. NuWave Investment Management LLC lifted its position in Anthem by 46.3% in the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after buying an additional 38 shares in the last quarter. Liberty Wealth Management LLC purchased a new stake in Anthem in the 1st quarter worth approximately $36,000. Finally, Cable Hill Partners LLC lifted its position in Anthem by 77.5% in the 1st quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock worth $36,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.
In related news, EVP Thomas C. Zielinski sold 8,826 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were 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 approximately $9,421,317.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Dixon, Jr. sold 520 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were 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 $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 over the last quarter. 0.17% of the stock is currently owned by company insiders.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $4.64 EPS 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 company had revenue of $25.20 billion for the quarter, compared to analyst estimates of $24.88 billion. During the same quarter in the prior year, the business posted $4.25 EPS. Anthem’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 year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.20 dividend on an annualized basis and a yield of 1.10%. Anthem’s payout ratio is presently 20.14%.
A number of research firms have issued reports on ANTM. Barclays increased their target price on shares of Anthem from $316.00 to $317.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Morgan Stanley increased their target price on shares of Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Cantor Fitzgerald reiterated a “buy” rating and issued a $360.00 target price on shares of Anthem in a research report on Sunday, April 21st. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $293.00 target price for the company in a research report on Thursday, May 16th. Finally, SunTrust Banks cut their target price on shares of Anthem to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $325.67.
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.
Read More: Earnings Reports
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.