Stevens Capital Management LP Takes Position in Anthem, Inc. (ANTM)
Stevens Capital Management LP acquired a new position in shares of Anthem, Inc. (NYSE:ANTM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 126,327 shares of the company’s stock, valued at approximately $23,766,000. Anthem makes up 0.9% of Stevens Capital Management LP’s holdings, making the stock its 12th biggest holding.
Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors acquired a new position in shares of Anthem in the 2nd quarter valued at $128,000. Westside Investment Management Inc. lifted its stake in shares of Anthem by 33.6% in 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 in the 1st quarter valued at $149,000. Guardian Life Insurance Co. of America lifted its stake in shares of Anthem by 0.7% in 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 lifted its stake in shares of Anthem by 1.7% in 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. 87.69% of the stock is currently owned by hedge funds and other institutional investors.
Anthem, Inc. (NYSE:ANTM) traded down 0.09% during trading on Friday, reaching $186.59. The company’s stock had a trading volume of 2,608,735 shares. The company has a market cap of $49.00 billion, a P/E ratio of 17.64 and a beta of 0.70. Anthem, Inc. has a 12 month low of $114.85 and a 12 month high of $198.98. The stock’s 50-day moving average is $191.81 and its 200 day moving average is $181.77.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the 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 firm 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 business earned $3.33 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that Anthem, Inc. will post $11.83 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.80 annualized dividend and a dividend yield of 1.50%. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio is currently 26.52%.
A number of research firms have recently weighed in on ANTM. Cantor Fitzgerald reissued a “buy” rating and issued a $215.00 price target on shares of Anthem in a research note on Thursday. BidaskClub downgraded Anthem from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $204.00 price target on shares of Anthem in a research note on Sunday, August 20th. Finally, Morgan Stanley increased their price target on Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $183.44.
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In other news, Director Julie A. Hill sold 524 shares of the company’s stock in a transaction dated 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 owns 36,924 shares in the company, valued at $7,045,099.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the company’s stock in a transaction dated 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 approximately $5,081,703.75. The disclosure for this sale can be found here. Insiders have sold 30,776 shares of company stock worth $6,007,143 in the last quarter. Company 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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