Anthem, Inc. (ANTM) Shares Sold by Pathstone Family Office LLC
Pathstone Family Office LLC lessened its position in shares of Anthem, Inc. (NYSE:ANTM) by 19.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 960 shares of the company’s stock after selling 225 shares during the period. Pathstone Family Office LLC’s holdings in Anthem were worth $2,060,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of ANTM. Captrust Financial Advisors bought a new stake in shares of Anthem during the second quarter worth approximately $128,000. Westside Investment Management Inc. boosted its holdings in shares of Anthem by 33.6% during the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock worth $131,000 after acquiring an additional 200 shares during the period. Focused Wealth Management Inc bought a new stake in shares of Anthem during the first quarter worth approximately $149,000. Guardian Life Insurance Co. of America boosted its holdings 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 worth $168,000 after acquiring an additional 7 shares during the period. Finally, Cedar Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 15 shares during the period. Institutional investors own 87.65% of the company’s stock.
Shares of Anthem, Inc. (NYSE ANTM) traded down 1.24% on Tuesday, reaching $182.70. 717,183 shares of the company’s stock traded hands. The firm has a market cap of $47.97 billion, a P/E ratio of 17.28 and a beta of 0.70. The company’s 50-day moving average price is $191.73 and its 200 day moving average price is $182.14. Anthem, Inc. has a one year low of $114.85 and a one year high of $198.98.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating 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 firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. During the same period last year, the firm earned $3.33 EPS. 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 company 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 represents a $2.80 annualized dividend and a yield of 1.51%. This is an increase from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is presently 26.52%.
In other Anthem news, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the transaction, the director now directly owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,776 shares of company stock valued at $6,007,143. Insiders own 0.36% of the company’s stock.
A number of brokerages have recently issued reports on ANTM. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morgan Stanley boosted their price objective on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. Bank of America Corporation boosted their price objective on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, Jefferies Group LLC restated a “hold” rating and set a $204.00 price objective on shares of Anthem in a report 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 company presently has a consensus rating of “Buy” and a consensus price target of $183.44.
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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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