Daiwa Securities Group Inc. Has $3,321,000 Position in Anthem Inc. (ANTM)
Daiwa Securities Group Inc. cut its stake in shares of Anthem Inc. (NYSE:ANTM) by 11.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,500 shares of the company’s stock after selling 3,450 shares during the period. Daiwa Securities Group Inc.’s holdings in Anthem were worth $3,321,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC increased its stake in Anthem by 0.3% in the third quarter. Advisory Services Network LLC now owns 2,208 shares of the company’s stock worth $277,000 after buying an additional 6 shares during the period. Savant Capital LLC increased its position in Anthem by 0.3% in the third quarter. Savant Capital LLC now owns 3,952 shares of the company’s stock valued at $495,000 after buying an additional 10 shares during the last quarter. Alpha Windward LLC increased its position in Anthem by 0.7% in the third quarter. Alpha Windward LLC now owns 1,661 shares of the company’s stock valued at $208,000 after buying an additional 11 shares during the last quarter. Financial Architects Inc increased its position in Anthem by 2.7% in the second quarter. Financial Architects Inc now owns 839 shares of the company’s stock valued at $111,000 after buying an additional 22 shares during the last quarter. Finally, 1ST Source Bank increased its position in Anthem by 0.7% in the third quarter. 1ST Source Bank now owns 3,671 shares of the company’s stock valued at $460,000 after buying an additional 24 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.
Shares of Anthem Inc. (NYSE:ANTM) traded up 1.42% on Tuesday, hitting $145.28. 1,999,567 shares of the company traded hands. Anthem Inc. has a 1-year low of $114.85 and a 1-year high of $148.00. The firm’s 50 day moving average price is $128.22 and its 200-day moving average price is $129.31. The stock has a market capitalization of $38.27 billion, a price-to-earnings ratio of 17.05 and a beta of 0.57.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $2.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by $0.02. Anthem had a net margin of 2.74% and a return on equity of 11.64%. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.77 billion. During the same period last year, the business earned $2.73 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts expect that Anthem Inc. will post $10.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Monday, December 5th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 1st. Anthem’s dividend payout ratio (DPR) is currently 30.52%.
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ANTM has been the subject of several recent research reports. FBR & Co reiterated a “market perform” rating and issued a $155.00 target price on shares of Anthem in a research note on Monday, August 15th. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a research note on Tuesday, August 16th. Zacks Investment Research upgraded shares of Anthem from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Jefferies Group downgraded shares of Anthem from a “buy” rating to a “hold” rating and reduced their target price for the stock from $156.00 to $138.00 in a research note on Tuesday, September 13th. Finally, Evercore ISI began coverage on shares of Anthem in a research note on Thursday, September 22nd. They issued a “hold” rating and a $133.00 target price for the company. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $158.39.
In other news, SVP Ronald W. Penczek sold 820 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $138.29, for a total transaction of $113,397.80. Following the completion of the transaction, the senior vice president now directly owns 1,320 shares in the company, valued at approximately $182,542.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Swedish sold 24,513 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $131.48, for a total value of $3,222,969.24. Following the transaction, the insider now owns 87,381 shares of the company’s stock, valued at $11,488,853.88. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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