Anthem, Inc. (ANTM) Shares Sold by Burney Co.
Burney Co. cut its position in shares of Anthem, Inc. (NYSE:ANTM) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,060 shares of the company’s stock after selling 790 shares during the quarter. Burney Co.’s holdings in Anthem were worth $1,134,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. FTB Advisors Inc. increased its position in shares of Anthem by 11.1% during the 1st quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after purchasing an additional 67 shares during the period. Westside Investment Management Inc. increased its position in shares of Anthem by 33.6% during the 1st quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after purchasing an additional 200 shares during the period. Focused Wealth Management Inc acquired a new position in shares of Anthem during the 1st quarter valued at $149,000. Guardian Life Insurance Co. of America increased its position in shares of Anthem by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after purchasing an additional 7 shares during the period. Finally, Cedar Wealth Management LLC increased its position in shares of Anthem by 1.7% during the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after purchasing an additional 15 shares during the period. Institutional investors own 87.69% of the company’s stock.
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Anthem, Inc. (NYSE:ANTM) opened at 197.43 on Monday. The company has a market capitalization of $51.84 billion, a price-to-earnings ratio of 18.67 and a beta of 0.70. The company’s 50-day moving average price is $191.21 and its 200 day moving average price is $179.94. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $197.57.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. During the same period last year, the firm earned $3.33 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts predict that Anthem, Inc. will post $11.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.42%. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is 24.62%.
In other news, EVP Thomas C. Zielinski sold 9,127 shares of Anthem stock in a transaction 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 transaction, the executive vice president now owns 26,571 shares in the company, valued at $5,081,703.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Julie A. Hill sold 524 shares of Anthem stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total transaction of $99,979.20. Following the transaction, the director now owns 36,924 shares in the company, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. Insiders sold 10,518 shares of company stock worth $2,008,046 over the last three months. 0.36% of the stock is currently owned by insiders.
Several equities analysts have recently issued reports on ANTM shares. Jefferies Group LLC reiterated a “hold” rating and set a $204.00 price target on shares of Anthem in a research report on Sunday, August 20th. Morgan Stanley lifted their price target on Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub cut Anthem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Credit Suisse Group started coverage on Anthem in a report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Anthem presently has a consensus rating of “Hold” and a consensus price target of $183.83.
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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