Greatmark Investment Partners Inc. Cuts Stake in Anthem, Inc. (ANTM)
Greatmark Investment Partners Inc. lowered its position in Anthem, Inc. (NYSE:ANTM) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,949 shares of the company’s stock after selling 399 shares during the period. Anthem accounts for about 1.4% of Greatmark Investment Partners Inc.’s portfolio, making the stock its 24th largest position. Greatmark Investment Partners Inc.’s holdings in Anthem were worth $3,565,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of ANTM. BKD Wealth Advisors LLC boosted its stake in shares of Anthem by 4.1% in the first quarter. BKD Wealth Advisors LLC now owns 13,034 shares of the company’s stock worth $2,156,000 after buying an additional 509 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of Anthem during the first quarter worth $650,000. Hays Advisory LLC boosted its stake in shares of Anthem by 4.0% in the first quarter. Hays Advisory LLC now owns 1,698 shares of the company’s stock worth $281,000 after buying an additional 65 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Anthem during the first quarter worth $233,000. Finally, TNB Financial acquired a new stake in shares of Anthem during the first quarter worth $382,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.
Shares of Anthem, Inc. (ANTM) opened at 190.61 on Tuesday. The firm has a 50-day moving average of $189.81 and a 200-day moving average of $174.20. The stock has a market cap of $50.05 billion, a P/E ratio of 18.02 and a beta of 0.73. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.33 earnings per share. On average, equities analysts expect that Anthem, Inc. will post $11.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio is 24.62%.
A number of brokerages recently weighed in on ANTM. Bank of America Corporation raised their target price on shares of Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and set a $204.00 target price on shares of Anthem in a report on Friday, July 14th. Deutsche Bank AG raised their price objective on shares of Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, July 13th. Credit Suisse Group assumed coverage on shares of Anthem in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price objective for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $215.00 price objective (up previously from $210.00) on shares of Anthem in a research note on Wednesday, July 26th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $180.00.
In other news, Director Julie A. Hill sold 555 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the completion of the transaction, the director now owns 37,448 shares in the company, valued at $6,761,610.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ronald W. Penczek sold 867 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total transaction of $162,527.82. Following the completion of the transaction, the senior vice president now owns 1,872 shares of the company’s stock, valued at approximately $350,925.12. The disclosure for this sale can be found here. Insiders sold 4,103 shares of company stock valued at $749,555 in the last quarter. Corporate insiders own 0.36% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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