Park Avenue Securities LLC lifted its holdings in shares of Anthem Inc (NYSE:ANTM) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,773 shares of the company’s stock after buying an additional 231 shares during the period. Park Avenue Securities LLC’s holdings in Anthem were worth $500,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Squar Milner Financial Services LLC purchased a new position in Anthem in the second quarter worth about $28,000. Destination Wealth Management purchased a new position in Anthem in the first quarter worth about $31,000. Lee Financial Co purchased a new position in Anthem in the first quarter worth about $32,000. NuWave Investment Management LLC boosted its position in Anthem by 46.3% in the second quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares during the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in Anthem in the first quarter worth about $36,000. 87.79% of the stock is currently owned by institutional investors.
In other news, EVP Thomas C. Zielinski sold 8,826 shares of Anthem 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 completion of the transaction, the executive vice president now owns 33,183 shares in the company, valued at approximately $9,421,317.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert L. Dixon, Jr. sold 520 shares of Anthem stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $294.11, for a total value of $152,937.20. Following the completion of the transaction, the director now owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,765 shares of company stock worth $3,327,092. Corporate insiders own 0.17% of the company’s stock.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.61 by $0.03. Anthem had a return on equity of 15.02% and a net margin of 4.21%. The business had revenue of $25.20 billion for the quarter, compared to the consensus estimate of $24.88 billion. During the same quarter in the previous year, the company posted $4.25 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that Anthem Inc will post 19.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, September 9th. Anthem’s payout ratio is 20.14%.
Several research analysts have issued reports on ANTM shares. Morgan Stanley raised 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. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $293.00 target price on the stock in a research report on Thursday, May 16th. Barclays raised their price objective on Anthem from $316.00 to $317.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Citigroup raised Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price objective on the stock in a research note on Friday, May 10th. Finally, UBS Group started coverage on Anthem in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $294.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Anthem currently has an average rating of “Buy” and an average target price of $325.67.
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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