QS Investors LLC Has $4.12 Million Holdings in Anthem, Inc. (ANTM)
QS Investors LLC raised its stake in Anthem, Inc. (NYSE:ANTM) by 9.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,915 shares of the company’s stock after buying an additional 1,818 shares during the quarter. QS Investors LLC’s holdings in Anthem were worth $4,123,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. HighVista Strategies LLC bought a new position in Anthem in the 2nd quarter worth about $3,048,000. Stifel Financial Corp raised its holdings in shares of Anthem by 7.7% during the second quarter. Stifel Financial Corp now owns 26,276 shares of the company’s stock valued at $4,956,000 after buying an additional 1,868 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Anthem during the second quarter valued at approximately $465,000. Summit Financial Wealth Advisors LLC raised its holdings in shares of Anthem by 25.8% during the second quarter. Summit Financial Wealth Advisors LLC now owns 18,102 shares of the company’s stock valued at $3,406,000 after buying an additional 3,711 shares during the last quarter. Finally, Numeric Investors LLC raised its holdings in shares of Anthem by 1,787.3% during the second quarter. Numeric Investors LLC now owns 103,800 shares of the company’s stock valued at $19,528,000 after buying an additional 98,300 shares during the last quarter. Institutional investors own 87.65% of the company’s stock.
In related news, insider Joseph Swedish sold 21,125 shares of the company’s 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 in the company, valued at $17,270,596. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $99,979.20. Following the completion of the sale, the director now owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,776 shares of company stock worth $6,007,143. Insiders own 0.36% of the company’s stock.
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Anthem, Inc. (NYSE ANTM) opened at 191.11 on Tuesday. The firm has a 50-day moving average of $190.47 and a 200 day moving average of $183.50. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $198.98. The firm has a market cap of $50.18 billion, a price-to-earnings ratio of 18.07 and a beta of 0.71.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $22.25 billion. During the same period in the previous year, the business posted $3.33 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Anthem, Inc. will post $11.84 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Friday, September 8th were paid a $0.70 dividend. The ex-dividend date was Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.47%. Anthem’s dividend payout ratio (DPR) is presently 26.52%.
Several brokerages have recently issued reports on ANTM. Morgan Stanley began coverage on Anthem in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price objective for the company. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research report on Thursday, September 14th. Bank of America Corporation lifted their target price on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 14th. BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Deutsche Bank AG boosted their price target on Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $184.67.
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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