Biltmore Wealth Management LLC Grows Stock Position in Anthem Inc (NYSE:ANTM)
Biltmore Wealth Management LLC raised its holdings in Anthem Inc (NYSE:ANTM) by 13.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,781 shares of the company’s stock after acquiring an additional 552 shares during the quarter. Anthem makes up about 0.6% of Biltmore Wealth Management LLC’s holdings, making the stock its 17th largest holding. Biltmore Wealth Management LLC’s holdings in Anthem were worth $1,148,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Asymmetry Capital Management L.P. purchased a new stake in Anthem in the second quarter valued at about $4,679,000. Evolution Wealth Advisors LLC acquired a new position in shares of Anthem in the second quarter valued at about $55,000. Wealthfront Advisers LLC increased its holdings in shares of Anthem by 22.7% in the first quarter. Wealthfront Advisers LLC now owns 7,098 shares of the company’s stock valued at $2,037,000 after purchasing an additional 1,314 shares during the period. Integre Asset Management LLC acquired a new position in shares of Anthem in the second quarter valued at about $2,182,000. Finally, Bayesian Capital Management LP increased its holdings in shares of Anthem by 428.2% in the first quarter. Bayesian Capital Management LP now owns 8,261 shares of the company’s stock valued at $2,371,000 after purchasing an additional 6,697 shares during the period. Institutional investors own 88.28% of the company’s stock.
A number of research analysts have recently weighed in on the company. Deutsche Bank assumed coverage on Anthem in a report on Thursday, September 12th. They issued a “buy” rating on the stock. Morgan Stanley cut their price objective on Anthem from $371.00 to $356.00 and set an “overweight” rating on the stock in a report on Thursday, September 26th. ValuEngine lowered Anthem from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Wells Fargo & Co reissued a “buy” rating on shares of Anthem in a report on Friday, July 26th. Finally, Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating and set a $289.00 price objective on the stock. in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. Anthem currently has an average rating of “Buy” and an average price target of $324.86.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, July 24th. The company reported $4.64 EPS for the quarter, topping the consensus estimate of $4.61 by $0.03. The firm had revenue of $25.20 billion for the quarter, compared to analyst estimates of $24.88 billion. Anthem had a return on equity of 15.02% and a net margin of 4.21%. Anthem’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $4.25 earnings per share. As a group, equities analysts expect that Anthem Inc will post 19.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Monday, September 9th. Anthem’s dividend payout ratio (DPR) is 20.14%.
In related news, Director Robert L. Dixon, Jr. sold 520 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $294.11, for a total transaction of $152,937.20. Following the sale, the director now directly owns 9,971 shares of the company’s stock, valued at $2,932,570.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by company insiders.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
Read More: Economic Bubble
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.