Ieq Capital LLC Has $468,000 Stake in Anthem Inc (NYSE:ANTM)
Ieq Capital LLC boosted its position in shares of Anthem Inc (NYSE:ANTM) by 35.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,063 shares of the company’s stock after acquiring an additional 536 shares during the period. Ieq Capital LLC’s holdings in Anthem were worth $468,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in ANTM. Matisse Capital raised its position in shares of Anthem by 57.0% during the first quarter. Matisse Capital now owns 2,272 shares of the company’s stock valued at $516,000 after buying an additional 825 shares during the last quarter. Lingohr & Partner Asset Management GmbH acquired a new position in shares of Anthem during the first quarter valued at about $250,000. WASHINGTON TRUST Co acquired a new position in shares of Anthem during the first quarter valued at about $101,000. Private Capital Group LLC raised its position in shares of Anthem by 21.9% during the first quarter. Private Capital Group LLC now owns 239 shares of the company’s stock valued at $54,000 after buying an additional 43 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in shares of Anthem by 5.1% during the first quarter. AE Wealth Management LLC now owns 5,481 shares of the company’s stock valued at $1,244,000 after buying an additional 267 shares during the last quarter. 88.41% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Thomas C. Zielinski sold 19,306 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $278.34, for a total transaction of $5,373,632.04. Following the sale, the executive vice president now directly owns 48,303 shares of the company’s stock, valued at $13,444,657.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gloria M. Mccarthy sold 16,884 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $270.00, for a total transaction of $4,558,680.00. Following the sale, the executive vice president now directly owns 42,099 shares in the company, valued at $11,366,730. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $6.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.54 by ($0.06). The firm had revenue of $29.45 billion for the quarter, compared to the consensus estimate of $28.63 billion. Anthem had a return on equity of 16.38% and a net margin of 4.38%. Anthem’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $6.03 earnings per share. On average, equities analysts predict that Anthem Inc will post 22.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.80 annualized dividend and a yield of 1.37%. Anthem’s dividend payout ratio is 19.55%.
A number of brokerages have recently commented on ANTM. UBS Group upped their price objective on shares of Anthem from $307.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. They noted that the move was a valuation call. ValuEngine lowered shares of Anthem from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. SunTrust Banks cut their price objective on shares of Anthem from $330.00 to $280.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Deutsche Bank increased their price target on shares of Anthem from $314.00 to $362.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Stephens dropped their price target on shares of Anthem from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. Anthem currently has an average rating of “Buy” and a consensus target price of $325.23.
Anthem Company Profile
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.
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