Highbridge Capital Management LLC Acquires 7,981 Shares of Anthem, Inc. (ANTM)
Highbridge Capital Management LLC raised its holdings in Anthem, Inc. (NYSE:ANTM) by 725.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,081 shares of the company’s stock after purchasing an additional 7,981 shares during the period. Highbridge Capital Management LLC’s holdings in Anthem were worth $1,724,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. C M Bidwell & Associates Ltd. boosted its position in shares of Anthem by 0.5% in the second quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock valued at $201,000 after acquiring an additional 5 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after acquiring an additional 10 shares during the period. Gofen & Glossberg LLC IL boosted its position in shares of Anthem by 0.6% in the second quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock valued at $478,000 after acquiring an additional 15 shares during the period. Stanley Laman Group Ltd. boosted its position in shares of Anthem by 0.8% in the second quarter. Stanley Laman Group Ltd. now owns 3,256 shares of the company’s stock valued at $613,000 after acquiring an additional 25 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Anthem by 1.5% in the second quarter. Parallel Advisors LLC now owns 1,846 shares of the company’s stock valued at $344,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.
A number of equities analysts have recently commented on the stock. B. Riley restated a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Bank of America raised their price objective on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Leerink Swann restated an “outperform” rating on shares of Anthem in a research report on Tuesday, November 7th. Credit Suisse Group assumed coverage on shares of Anthem in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price objective for the company. Finally, Jefferies Group restated a “hold” rating and issued a $226.00 price objective on shares of Anthem in a research report on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $201.07.
Shares of Anthem, Inc. (ANTM) opened at $227.12 on Friday. Anthem, Inc. has a 1 year low of $140.50 and a 1 year high of $236.39. The stock has a market cap of $59,583.84, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the business posted $2.45 earnings per share. Anthem’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts anticipate that Anthem, Inc. will post 11.97 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.23%. Anthem’s payout ratio is presently 25.32%.
Anthem declared that its board has approved a stock repurchase program on Thursday, December 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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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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