Anthem, Inc. (ANTM) Stake Held by Bragg Financial Advisors Inc
Bragg Financial Advisors Inc maintained its position in shares of Anthem, Inc. (NYSE:ANTM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,340 shares of the company’s stock at the end of the third quarter. Bragg Financial Advisors Inc’s holdings in Anthem were worth $920,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in ANTM. OMERS ADMINISTRATION Corp boosted its position in shares of Anthem by 69.7% in the third quarter. OMERS ADMINISTRATION Corp now owns 837,350 shares of the company’s stock valued at $104,928,000 after buying an additional 344,050 shares during the last quarter. United Services Automobile Association boosted its position in shares of Anthem by 5.1% in the third quarter. United Services Automobile Association now owns 408,985 shares of the company’s stock valued at $51,250,000 after buying an additional 19,985 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Anthem by 2.6% in the third quarter. Hsbc Holdings PLC now owns 282,907 shares of the company’s stock valued at $35,438,000 after buying an additional 7,274 shares during the last quarter. Bloom Tree Partners LLC boosted its position in shares of Anthem by 28.5% in the third quarter. Bloom Tree Partners LLC now owns 463,286 shares of the company’s stock valued at $58,054,000 after buying an additional 102,870 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Anthem by 27.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 122,052 shares of the company’s stock valued at $15,294,000 after buying an additional 25,928 shares during the last quarter. Institutional investors own 87.14% of the company’s stock.
Shares of Anthem, Inc. (NYSE:ANTM) traded up 0.23% on Friday, reaching $148.53. The company had a trading volume of 1,405,200 shares. The company has a market capitalization of $39.13 billion, a price-to-earnings ratio of 17.44 and a beta of 0.64. The stock has a 50 day moving average price of $144.93 and a 200-day moving average price of $132.18. Anthem, Inc. has a 12 month low of $114.85 and a 12 month high of $149.58.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $2.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by $0.02. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.77 billion. Anthem had a net margin of 2.74% and a return on equity of 11.64%. Anthem’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.73 EPS. Analysts forecast that Anthem, Inc. will post $10.84 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Monday, December 5th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, December 1st. This represents a $2.60 dividend on an annualized basis and a yield of 1.75%. Anthem’s payout ratio is 30.52%.
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ANTM has been the subject of several recent research reports. Wells Fargo & Company upgraded Anthem from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 15th. Evercore ISI assumed coverage on Anthem in a research note on Thursday, September 22nd. They set a “hold” rating and a $133.00 target price for the company. J P Morgan Chase & Co cut Anthem from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $154.00 to $132.00 in a research note on Monday, October 17th. Stifel Nicolaus cut Anthem from a “buy” rating to a “hold” rating and boosted their target price for the stock from $143.24 to $155.00 in a research note on Wednesday, January 4th. They noted that the move was a valuation call. Finally, Wolfe Research upgraded Anthem from a “market perform” rating to an “outperform” rating and set a $173.00 target price for the company in a research note on Tuesday, November 22nd. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $156.34.
In related news, insider Joseph Swedish sold 24,513 shares of Anthem stock in a transaction on Friday, November 11th. The stock was sold at an average price of $131.48, for a total transaction of $3,222,969.24. Following the completion of the sale, the insider now owns 87,381 shares of the company’s stock, valued at $11,488,853.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jose D. Tomas sold 6,500 shares of Anthem stock in a transaction on Monday, January 9th. The shares were sold at an average price of $142.92, for a total value of $928,980.00. Following the sale, the executive vice president now directly owns 23,913 shares of the company’s stock, valued at approximately $3,417,645.96. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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