HL Financial Services LLC Reduces Position in Anthem, Inc. (ANTM)
HL Financial Services LLC lowered its position in shares of Anthem, Inc. (NYSE:ANTM) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,680 shares of the company’s stock after selling 20 shares during the period. HL Financial Services LLC’s holdings in Anthem were worth $504,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Buckhead Capital Management LLC increased its position in Anthem by 0.6% in the first quarter. Buckhead Capital Management LLC now owns 31,009 shares of the company’s stock worth $5,128,000 after buying an additional 191 shares in the last quarter. Westbourne Investment Advisors Inc. increased its position in Anthem by 2.9% in the first quarter. Westbourne Investment Advisors Inc. now owns 3,105 shares of the company’s stock worth $514,000 after buying an additional 88 shares in the last quarter. Sigma Planning Corp purchased a new position in Anthem during the first quarter worth approximately $214,000. Hollencrest Securities LLC purchased a new position in Anthem during the first quarter worth approximately $242,000. Finally, Nationwide Fund Advisors increased its position in Anthem by 15.2% in the first quarter. Nationwide Fund Advisors now owns 103,053 shares of the company’s stock worth $17,043,000 after buying an additional 13,613 shares in the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Shares of Anthem, Inc. (NYSE:ANTM) opened at 189.43 on Monday. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $194.94. The firm has a 50-day moving average price of $189.83 and a 200-day moving average price of $176.05. The stock has a market cap of $49.74 billion, a price-to-earnings ratio of 17.91 and a beta of 0.73.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.25 billion. During the same quarter in the prior year, the company posted $3.33 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Anthem, Inc. will post $11.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, September 7th. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio is 24.62%.
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A number of research firms have recently commented on ANTM. Bank of America Corporation increased their target price on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and set a $204.00 target price on shares of Anthem in a research report on Friday, July 14th. Deutsche Bank AG raised their price target on Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. Credit Suisse Group assumed coverage on Anthem in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price target for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $215.00 price target (up from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Anthem has an average rating of “Hold” and an average price target of $180.00.
In related news, Director Julie A. Hill sold 555 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total transaction of $100,210.80. Following the transaction, the director now owns 37,448 shares of the company’s stock, valued at approximately $6,761,610.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ramiro G. Peru sold 2,681 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total value of $486,815.98. Following the transaction, the director now directly owns 13,571 shares in the company, valued at approximately $2,464,222.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,754 shares of company stock worth $2,595,073. Corporate insiders own 0.36% of the company’s stock.
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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