Washington Trust Bank held its stake in shares of Anthem, Inc. (NYSE:ANTM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,339 shares of the company’s stock at the end of the second quarter. Washington Trust Bank’s holdings in Anthem were worth $440,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in shares of Anthem during the fourth quarter valued at approximately $1,891,000. Orbis Allan Gray Ltd raised its position in shares of Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock valued at $448,585,000 after buying an additional 996,248 shares in the last quarter. RMB Capital Management LLC raised its position in shares of Anthem by 39.7% in the fourth quarter. RMB Capital Management LLC now owns 2,933 shares of the company’s stock valued at $422,000 after buying an additional 833 shares in the last quarter. Garde Capital Inc. bought a new position in shares of Anthem during the fourth quarter valued at approximately $266,000. Finally, Teachers Advisors LLC raised its position in shares of Anthem by 9.5% in the fourth quarter. Teachers Advisors LLC now owns 487,120 shares of the company’s stock valued at $70,033,000 after buying an additional 42,421 shares in the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.
Anthem, Inc. (NYSE:ANTM) traded down 0.49% during trading on Friday, reaching $191.02. 1,061,167 shares of the company were exchanged. The stock has a market capitalization of $50.16 billion, a PE ratio of 18.06 and a beta of 0.73. The firm’s 50 day moving average is $190.39 and its 200 day moving average is $177.46. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.14. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.33 EPS. Analysts expect that Anthem, Inc. will post $11.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be paid a dividend of $0.70 per share. This is an increase 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%.
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ANTM has been the topic of several recent analyst reports. Sanford C. Bernstein increased their price target on shares of Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Morgan Stanley increased their price target on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank AG increased their price target on shares of Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a research note on Friday, April 28th. BidaskClub lowered shares of Anthem from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $165.00 price target on shares of Anthem in a research note on Monday, April 24th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $181.76.
In other news, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the transaction, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ramiro G. Peru sold 2,681 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total value of $486,815.98. Following the completion of the transaction, the director now directly owns 13,571 shares of the company’s stock, valued at approximately $2,464,222.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,754 shares of company stock valued at $2,595,073. 0.36% of the stock is owned by company insiders.
Anthem Company Profile
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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