New York State Common Retirement Fund Buys 5,799 Shares of Anthem, Inc. (ANTM)
New York State Common Retirement Fund raised its stake in Anthem, Inc. (NYSE:ANTM) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 789,997 shares of the company’s stock after buying an additional 5,799 shares during the quarter. New York State Common Retirement Fund owned approximately 0.30% of Anthem worth $148,622,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors bought a new stake in shares of Anthem during the second quarter valued at about $128,000. Westside Investment Management Inc. raised its stake in shares of Anthem by 33.6% during the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after purchasing an additional 200 shares in the last quarter. Focused Wealth Management Inc bought a new stake in shares of Anthem during the first quarter valued at about $149,000. Cedar Wealth Management LLC raised its stake in shares of Anthem by 1.7% during the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after purchasing an additional 15 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its stake in shares of Anthem by 0.7% during the first 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 in the last quarter. Institutional investors own 87.65% of the company’s stock.
ANTM has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Citigroup Inc. restated a “buy” rating and set a $205.00 price objective 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 objective on the stock. BidaskClub cut 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 lifted their price objective on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $183.44.
Shares of Anthem, Inc. (ANTM) traded down 0.34% during trading on Monday, reaching $185.95. The company had a trading volume of 447,193 shares. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $198.98. The company has a 50 day moving average of $191.81 and a 200-day moving average of $181.77. The firm has a market capitalization of $48.83 billion, a P/E ratio of 17.58 and a beta of 0.70.
Anthem (NYSE:ANTM) last released its earnings results 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 return on equity of 12.93% and a net margin of 3.24%. 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 firm posted $3.33 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts expect that Anthem, Inc. will post $11.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a $0.70 dividend. This is an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio is 26.52%.
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In other Anthem news, Director Julie A. Hill sold 524 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares in the company, valued at $7,045,099.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Swedish sold 21,125 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.00, for a total value of $4,161,625.00. Following the completion of the sale, the insider now owns 87,668 shares of the company’s stock, valued at $17,270,596. The disclosure for this sale can be found here. Insiders sold 30,776 shares of company stock valued at $6,007,143 over the last 90 days. Corporate 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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