Transcend Wealth Collective LLC reduced its position in Anthem, Inc. (NYSE:ANTM) by 3.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,312 shares of the company’s stock after selling 49 shares during the period. Transcend Wealth Collective LLC’s holdings in Anthem were worth $472,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Anthem by 2.9% during the fourth quarter. FMR LLC now owns 8,733,037 shares of the company’s stock worth $2,804,091,000 after acquiring an additional 244,712 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Anthem by 3.0% during the 1st quarter. Alliancebernstein L.P. now owns 3,697,744 shares of the company’s stock worth $1,327,305,000 after buying an additional 106,902 shares during the period. Sanders Capital LLC increased its position in shares of Anthem by 1.6% during the first quarter. Sanders Capital LLC now owns 3,505,947 shares of the company’s stock worth $1,368,207,000 after purchasing an additional 55,780 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Anthem by 39.7% during the first quarter. Artisan Partners Limited Partnership now owns 3,362,687 shares of the company’s stock worth $1,207,037,000 after purchasing an additional 956,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Anthem by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,784,563 shares of the company’s stock valued at $893,986,000 after buying an additional 14,556 shares in the last quarter. Hedge funds and other institutional investors own 88.53% of the company’s stock.
Several research firms recently issued reports on ANTM. Cowen increased their price target on Anthem from $360.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday, April 14th. Stephens raised their price target on Anthem from $395.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, April 22nd. Truist Securities lifted their target price on Anthem from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, April 20th. Wells Fargo & Company started coverage on Anthem in a report on Monday, May 24th. They issued an “overweight” rating and a $460.00 price target for the company. Finally, Royal Bank of Canada cut Anthem from an “outperform” rating to a “sector perform” rating and set a $399.00 price target for the company. in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $403.89.
Anthem (NYSE:ANTM) last released its earnings results on Tuesday, April 20th. The company reported $7.01 EPS for the quarter, topping analysts’ consensus estimates of $6.86 by $0.15. Anthem had a net margin of 3.78% and a return on equity of 17.10%. The firm had revenue of $32.10 billion during the quarter, compared to analyst estimates of $32.98 billion. During the same quarter in the previous year, the business earned $6.48 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts anticipate that Anthem, Inc. will post 25.1 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Thursday, June 10th will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, June 9th. This is a boost from Anthem’s previous quarterly dividend of $0.95. This represents a $4.52 annualized dividend and a yield of 1.18%. Anthem’s payout ratio is 20.11%.
In other Anthem news, EVP Peter D. Haytaian sold 59,500 shares of the stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $349.20, for a total transaction of $20,777,400.00. Following the transaction, the executive vice president now owns 59,544 shares in the company, valued at approximately $20,792,764.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John E. Gallina sold 46,444 shares of the stock in a transaction that occurred on Monday, May 24th. The stock was sold at an average price of $394.89, for a total transaction of $18,340,271.16. Following the transaction, the chief financial officer now owns 60,095 shares in the company, valued at approximately $23,730,914.55. The disclosure for this sale can be found here. Insiders have sold a total of 108,560 shares of company stock worth $40,153,633 over the last three months. Insiders own 0.28% of the company’s stock.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small groups, individuals, Medicaid, and Medicare markets.
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