Texas Yale Capital Corp. trimmed its holdings in Anthem Inc (NYSE:ANTM) by 50.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,997 shares of the company’s stock after selling 1,997 shares during the quarter. Texas Yale Capital Corp.’s holdings in Anthem were worth $564,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Egerton Capital UK LLP lifted its position in Anthem by 176.8% in the first quarter. Egerton Capital UK LLP now owns 694,185 shares of the company’s stock worth $199,217,000 after purchasing an additional 443,428 shares during the period. NN Investment Partners Holdings N.V. lifted its position in Anthem by 252.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 523,468 shares of the company’s stock worth $147,728,000 after purchasing an additional 374,746 shares during the period. Marshall Wace North America L.P. lifted its position in Anthem by 1,493.8% in the first quarter. Marshall Wace North America L.P. now owns 371,175 shares of the company’s stock worth $106,520,000 after purchasing an additional 347,887 shares during the period. Thoroughbred Financial Services LLC lifted its position in Anthem by 36,404.9% in the second quarter. Thoroughbred Financial Services LLC now owns 284,373 shares of the company’s stock worth $28,437,000 after purchasing an additional 283,594 shares during the period. Finally, Price Wealth Management Inc. acquired a new stake in Anthem in the first quarter worth approximately $282,000. 87.79% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on ANTM. Barclays upped their target price on Anthem from $316.00 to $317.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Zacks Investment Research upgraded 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. Citigroup upgraded Anthem from a “neutral” rating to a “buy” rating and set a $325.00 target price for the company in a research report on Friday, May 10th. Morgan Stanley upped their target price on Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $360.00 target price on shares of Anthem in a research report on Sunday, April 21st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $325.67.
Shares of NYSE:ANTM traded down $6.38 on Wednesday, reaching $284.66. 320,164 shares of the company traded hands, compared to its average volume of 1,399,105. Anthem Inc has a fifty-two week low of $227.16 and a fifty-two week high of $317.99. The firm has a 50 day simple moving average of $292.98. The stock has a market cap of $72.73 billion, a PE ratio of 17.91, a PEG ratio of 1.08 and a beta of 0.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.64 and a quick ratio of 1.64.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $24.88 billion. During the same quarter in the prior year, the firm earned $4.25 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, research analysts forecast that Anthem Inc will post 19.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.12%. 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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