Anthem, Inc. (ANTM) is Sivik Global Healthcare LLC’s 8th Largest Position
Sivik Global Healthcare LLC reduced its stake in Anthem, Inc. (NYSE:ANTM) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the company’s stock after selling 3,795 shares during the period. Anthem makes up approximately 2.8% of Sivik Global Healthcare LLC’s portfolio, making the stock its 8th biggest position. Sivik Global Healthcare LLC’s holdings in Anthem were worth $7,525,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Guardian Life Insurance Co. of America raised its holdings in 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 buying an additional 7 shares during the period. Sii Investments Inc. WI increased its stake in Anthem by 0.4% during the first quarter. Sii Investments Inc. WI now owns 2,713 shares of the company’s stock worth $444,000 after purchasing an additional 12 shares during the period. Cedar Wealth Management LLC increased its stake in Anthem by 1.7% during the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after purchasing an additional 15 shares during the period. Dowling & Yahnke LLC increased its stake in Anthem by 0.3% during the second quarter. Dowling & Yahnke LLC now owns 7,175 shares of the company’s stock worth $1,350,000 after purchasing an additional 18 shares during the period. Finally, Financial Architects Inc increased its stake in Anthem by 1.9% during the second quarter. Financial Architects Inc now owns 1,310 shares of the company’s stock worth $246,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 87.69% of the company’s stock.
ANTM has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Citigroup Inc. reiterated a “buy” rating and set a $205.00 price target on shares of Anthem in a research note on Wednesday, June 28th. Credit Suisse Group initiated coverage on shares of Anthem in a research note on Wednesday, July 12th. They set a “neutral” rating and a $195.00 price target on the stock. BidaskClub lowered shares of Anthem from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Bank of America Corporation boosted their price target on shares of Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $183.44.
In related news, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 87,668 shares in the company, valued at approximately $17,270,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,745,538.75. Following the transaction, the executive vice president now owns 26,571 shares of the company’s stock, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. Insiders have sold a total of 30,776 shares of company stock valued at $6,007,143 in the last 90 days. Insiders own 0.36% of the company’s stock.
Anthem, Inc. (NYSE:ANTM) traded down 0.09% during midday trading on Friday, hitting $186.59. The stock had a trading volume of 2,608,735 shares. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $198.98. The company has a 50-day moving average price of $191.81 and a 200-day moving average price of $181.77. The company has a market cap of $49.00 billion, a price-to-earnings ratio of 17.64 and a beta of 0.70.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.33 EPS. Equities analysts anticipate that Anthem, Inc. will post $11.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a yield of 1.50%. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is currently 26.52%.
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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