First Financial Corp IN continued to hold its position in Anthem, Inc. (NYSE:ANTM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,128 shares of the company’s stock at the end of the second quarter. First Financial Corp IN’s holdings in Anthem were worth $400,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after buying an additional 21,914,321 shares during the period. Dodge & Cox bought a new position in Anthem during the fourth quarter valued at approximately $432,031,000. Boston Partners increased its position in Anthem by 112.6% in the first quarter. Boston Partners now owns 3,895,863 shares of the company’s stock valued at $644,298,000 after buying an additional 2,063,562 shares during the period. Wellington Management Group LLP increased its position in Anthem by 53.5% in the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after buying an additional 1,548,077 shares during the period. Finally, OZ Management LP acquired a new position in shares of Anthem during the first quarter worth approximately $192,493,000. Institutional investors and hedge funds own 89.81% of the company’s stock.
Shares of Anthem, Inc. (ANTM) traded down 0.15% during trading on Friday, reaching $189.43. 1,212,413 shares of the company traded hands. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $194.94. The firm’s 50 day moving average price is $189.83 and its 200-day moving average price is $176.05. The company has a market capitalization of $49.74 billion, a price-to-earnings ratio of 17.91 and a beta of 0.73.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.33 EPS. Equities analysts anticipate that Anthem, Inc. will post $11.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is 24.62%.
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Several analysts have issued reports on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $136.00 price objective on shares of Anthem in a research note on Thursday, May 11th. Morgan Stanley assumed coverage on shares of Anthem in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective for the company. Bank of America Corporation raised their price objective on shares of Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Deutsche Bank AG raised their price objective on shares of Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, July 13th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $205.00 price objective on shares of Anthem in a research note on Wednesday, June 28th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $180.00.
In related news, EVP Thomas C. Zielinski sold 9,127 shares of the 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 owns 26,571 shares in the company, valued at approximately $5,081,703.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Julie A. Hill sold 524 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total transaction of $99,979.20. Following the sale, the director now owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. Insiders sold a total of 13,754 shares of company stock worth $2,595,073 over the last ninety days. Insiders own 0.36% of the company’s stock.
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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