Salem Investment Counselors Inc. Buys 10 Shares of Anthem, Inc. (ANTM)
Salem Investment Counselors Inc. increased its stake in shares of Anthem, Inc. (NYSE:ANTM) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710 shares of the company’s stock after buying an additional 10 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Anthem were worth $134,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Anthem by 177.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock valued at $238,783,000 after buying an additional 811,537 shares during the period. Deschutes Portfolio Strategy LLC acquired a new position in shares of Anthem in the 2nd quarter valued at approximately $273,000. Swiss National Bank raised its position in shares of Anthem by 3.3% in the 2nd quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock valued at $193,161,000 after buying an additional 32,900 shares in the last quarter. Endurant Capital Management LP raised its position in shares of Anthem by 99.6% in the 1st quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock valued at $9,277,000 after buying an additional 27,998 shares in the last quarter. Finally, WBI Investments Inc. raised its position in shares of Anthem by 637.6% in the 2nd quarter. WBI Investments Inc. now owns 56,233 shares of the company’s stock valued at $10,579,000 after buying an additional 48,609 shares in the last quarter. 87.65% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction that occurred 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 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 can be accessed through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was 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 owns 26,571 shares in the company, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,776 shares of company stock valued at $6,007,143. Company insiders own 0.36% of the company’s stock.
Anthem, Inc. (ANTM) traded up 0.44% during midday trading on Wednesday, reaching $194.08. 46,874 shares of the company traded hands. Anthem, Inc. has a one year low of $114.85 and a one year high of $198.98. The company has a market capitalization of $50.96 billion, a price-to-earnings ratio of 18.35 and a beta of 0.71. The stock’s 50 day moving average is $190.53 and its 200 day moving average is $183.68.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.33 EPS. On average, equities analysts anticipate that Anthem, Inc. will post $11.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Friday, September 8th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.45%. This is a positive change from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, September 7th. Anthem’s dividend payout ratio is presently 26.52%.
A number of brokerages have recently weighed in on ANTM. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a report on Thursday, August 24th. BidaskClub lowered shares of Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. 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. Citigroup Inc. reissued a “buy” rating and issued a $205.00 price objective on shares of Anthem in a research note on Wednesday, June 28th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $215.00 price objective on shares of Anthem in a research report on Thursday, September 14th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $187.50.
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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