Cedar Wealth Management LLC boosted its stake in Anthem, Inc. (NYSE:ANTM) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 908 shares of the company’s stock after buying an additional 15 shares during the period. Cedar Wealth Management LLC’s holdings in Anthem were worth $171,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wright Investors Service Inc. raised its position in Anthem by 26.7% in the second quarter. Wright Investors Service Inc. now owns 13,908 shares of the company’s stock valued at $2,616,000 after buying an additional 2,928 shares during the last quarter. Rothschild Investment Corp IL purchased a new position in Anthem during the second quarter valued at $296,000. Mitchell Mcleod Pugh & Williams Inc. raised its position in Anthem by 4.0% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock valued at $534,000 after buying an additional 110 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Anthem by 2.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,737 shares of the company’s stock valued at $1,831,000 after buying an additional 228 shares during the last quarter. Finally, Whittier Trust Co. raised its position in Anthem by 1.8% in the second quarter. Whittier Trust Co. now owns 45,761 shares of the company’s stock valued at $8,609,000 after buying an additional 828 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.
Anthem, Inc. (NYSE:ANTM) traded down 0.49% during mid-day trading on Friday, hitting $191.02. 1,061,167 shares of the stock were exchanged. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $194.94. The stock has a 50 day moving average price of $190.39 and a 200 day moving average price of $177.46. The company has a market capitalization of $50.16 billion, a PE ratio of 18.06 and a beta of 0.73.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. Anthem’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. On average, equities analysts anticipate that Anthem, Inc. will post $11.82 earnings per share for the current fiscal year.
The business also recently declared 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 is a positive change from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio is presently 24.62%.
Several research firms recently weighed in on ANTM. Morgan Stanley lifted their price objective on shares of Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday. BidaskClub lowered shares of Anthem from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $215.00 price objective (up previously from $210.00) on shares of Anthem in a research note on Wednesday, July 26th. Jefferies Group LLC reissued a “hold” rating and set a $204.00 price objective on shares of Anthem in a research note on Friday, July 14th. Finally, Bank of America Corporation lifted 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. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Anthem has a consensus rating of “Hold” and a consensus target price of $181.76.
In other news, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was 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 directly owns 26,571 shares of the company’s stock, valued at approximately $5,081,703.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the sale, the director now directly owns 36,924 shares of the company’s stock, valued at $7,045,099.20. The disclosure for this sale can be found here. Insiders sold a total of 13,754 shares of company stock valued at $2,595,073 over the last three months. 0.36% of the stock is currently owned by insiders.
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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