Commerzbank Aktiengesellschaft FI Lowers Position in Anthem, Inc. (ANTM)
Commerzbank Aktiengesellschaft FI trimmed its position in shares of Anthem, Inc. (NYSE:ANTM) by 85.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,125 shares of the company’s stock after selling 6,856 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Anthem were worth $212,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Anthem by 2,873.5% in the 1st quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after purchasing an additional 21,914,321 shares during the period. Vanguard Group Inc. grew its stake in shares of Anthem by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 17,325,680 shares of the company’s stock valued at $2,865,321,000 after purchasing an additional 700,705 shares during the period. FMR LLC grew its stake in shares of Anthem by 8.2% in the 1st quarter. FMR LLC now owns 12,335,115 shares of the company’s stock valued at $2,039,982,000 after purchasing an additional 934,509 shares during the period. State Street Corp grew its stake in shares of Anthem by 3.0% in the 1st quarter. State Street Corp now owns 11,362,446 shares of the company’s stock valued at $1,879,127,000 after purchasing an additional 328,727 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Anthem by 53.5% in the 1st quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after purchasing an additional 1,548,077 shares during the period. Hedge funds and other institutional investors own 87.69% of the company’s stock.
Anthem, Inc. (NYSE ANTM) opened at 189.24 on Wednesday. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $198.98. The firm’s 50-day moving average price is $191.75 and its 200 day moving average price is $181.33. The firm has a market cap of $49.69 billion, a P/E ratio of 17.90 and a beta of 0.70.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The business had revenue of $22.20 billion for 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 firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $3.33 earnings per share. Analysts forecast that Anthem, Inc. will post $11.83 earnings per share for the current fiscal 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 1.48%. 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 26.52%.
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ANTM has been the topic of several analyst reports. Morgan Stanley initiated coverage on Anthem in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective on the stock. Citigroup Inc. reiterated a “buy” rating and issued a $205.00 price objective on shares of Anthem in a research note on Wednesday, June 28th. Credit Suisse Group initiated coverage on Anthem in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price objective on the stock. Deutsche Bank AG upped their price objective on Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, July 13th. Finally, Bank of America Corporation upped their price objective on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $183.94.
In other Anthem news, Director Julie A. Hill sold 524 shares of the business’s stock in a transaction 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 sale, the director now owns 36,924 shares of the company’s stock, valued at $7,045,099.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the sale, the insider now directly owns 87,668 shares in the company, valued at approximately $17,270,596. The disclosure for this sale can be found here. Insiders sold 30,776 shares of company stock worth $6,007,143 over the last three months. 0.36% of the stock is currently owned by insiders.
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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