Naya Capital Management UK Ltd. Increases Position in Anthem, Inc. (ANTM)
Naya Capital Management UK Ltd. boosted its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 386,466 shares of the company’s stock after buying an additional 20,600 shares during the quarter. Anthem makes up about 13.1% of Naya Capital Management UK Ltd.’s investment portfolio, making the stock its 3rd largest holding. Naya Capital Management UK Ltd. owned approximately 0.15% of Anthem worth $72,706,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors bought a new stake in Anthem during the second quarter valued at approximately $128,000. Westside Investment Management Inc. grew its position in 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 buying an additional 200 shares during the period. Salem Investment Counselors Inc. grew its position in Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after buying an additional 10 shares during the period. Focused Wealth Management Inc bought a new stake in Anthem during the first quarter valued at approximately $149,000. Finally, Harding Loevner LP bought a new stake in Anthem during the second quarter valued at approximately $151,000. Institutional investors own 87.65% of the company’s stock.
Anthem, Inc. (NYSE:ANTM) traded up 0.18% during trading on Friday, hitting $193.27. 282,652 shares of the stock traded hands. The stock has a market cap of $50.75 billion, a P/E ratio of 18.28 and a beta of 0.71. The stock has a 50 day moving average price of $190.53 and a 200-day moving average price of $183.82. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $198.98.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $22.25 billion. During the same quarter last year, the company earned $3.33 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts anticipate that Anthem, Inc. will post $11.84 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 8th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a yield of 1.45%. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio (DPR) is currently 26.52%.
Several analysts recently issued reports on ANTM shares. Jefferies Group LLC restated a “hold” rating and set a $204.00 target price on shares of Anthem in a research report on Sunday, August 20th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $207.00 target price for the company in a research report on Wednesday, September 20th. Morgan Stanley boosted their target price on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. Cantor Fitzgerald restated a “buy” rating and set a $215.00 target price on shares of Anthem in a research report on Thursday, September 14th. Finally, BidaskClub lowered shares of Anthem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Anthem has a consensus rating of “Buy” and an average target price of $187.50.
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In related news, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total value of $4,027,058.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas C. Zielinski sold 9,127 shares of Anthem 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 sale, the executive vice president now directly owns 26,571 shares in the company, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. Insiders sold a total of 51,901 shares of company stock worth $10,034,202 in the last three months. 0.36% of the stock is owned by corporate insiders.
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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