Cim Investment Mangement Inc. Cuts Position in Anthem Inc (ANTM)
Cim Investment Mangement Inc. decreased its position in shares of Anthem Inc (NYSE:ANTM) by 50.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,133 shares of the company’s stock after selling 3,226 shares during the period. Cim Investment Mangement Inc.’s holdings in Anthem were worth $589,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. FTB Advisors Inc. increased its stake in shares of Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after buying an additional 67 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares during the last quarter. Focused Wealth Management Inc bought a new stake in shares of Anthem during the first quarter valued at $149,000. Guardian Life Insurance Co. of America increased its stake in shares of Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after buying an additional 7 shares during the last quarter. Finally, Cedar Wealth Management LLC increased its stake in shares of Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after buying an additional 15 shares during the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Anthem Inc (NYSE ANTM) opened at 192.69 on Thursday. The firm has a market cap of $50.60 billion, a PE ratio of 18.22 and a beta of 0.73. Anthem Inc has a 52 week low of $114.85 and a 52 week high of $196.48. The firm’s 50-day moving average price is $190.92 and its 200 day moving average price is $178.75.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.82% and a return on equity of 13.06%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.25 billion. During the same quarter in the previous year, the firm posted $3.33 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts anticipate that Anthem Inc will post $11.83 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 given a $0.70 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.80 annualized dividend and a dividend yield of 1.46%. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is 24.62%.
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Several brokerages have recently weighed in on ANTM. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $204.00 target price on shares of Anthem in a research report on Sunday, August 20th. Morgan Stanley upped their target price on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. BidaskClub downgraded Anthem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $215.00 target price (up previously from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Anthem currently has an average rating of “Hold” and an average price target of $183.83.
In related news, EVP Thomas C. Zielinski sold 9,127 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the completion of the transaction, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Julie A. Hill sold 524 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total transaction of $99,979.20. Following the transaction, the director now directly owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. In the last three months, insiders sold 10,518 shares of company stock worth $2,008,046. 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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