Acadian Asset Management LLC Purchases 2,555 Shares of Anthem, Inc. (ANTM)
Acadian Asset Management LLC boosted its position in Anthem, Inc. (NYSE:ANTM) by 73.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,012 shares of the company’s stock after buying an additional 2,555 shares during the period. Acadian Asset Management LLC’s holdings in Anthem were worth $1,131,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. increased its stake in Anthem by 16.2% in the first quarter. Raymond James Trust N.A. now owns 3,457 shares of the company’s stock worth $572,000 after buying an additional 482 shares during the period. National Pension Service increased its stake in Anthem by 2.4% in the first quarter. National Pension Service now owns 193,494 shares of the company’s stock worth $32,329,000 after buying an additional 4,590 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its stake in Anthem by 11.0% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,725 shares of the company’s stock worth $451,000 after buying an additional 270 shares during the period. Highland Capital Management LLC purchased a new stake in Anthem during the first quarter worth $324,000. Finally, CrestPoint Capital Management LLC increased its stake in Anthem by 14.0% in the first quarter. CrestPoint Capital Management LLC now owns 9,800 shares of the company’s stock worth $1,621,000 after buying an additional 1,200 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Anthem, Inc. (NYSE:ANTM) traded down 0.88% on Thursday, hitting $191.16. 562,729 shares of the stock were exchanged. The company has a market capitalization of $50.20 billion, a PE ratio of 18.08 and a beta of 0.73. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $194.94. The company has a 50-day moving average price of $190.01 and a 200 day moving average price of $175.67.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $3.33 EPS. Analysts anticipate that Anthem, Inc. will post $11.82 EPS for the current fiscal year.
The company 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 dividend of $0.70 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. This represents a $2.80 annualized dividend and a dividend yield of 1.45%. Anthem’s dividend payout ratio (DPR) is currently 24.62%.
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A number of equities research analysts recently weighed in on ANTM shares. Jefferies Group LLC reissued a “hold” rating and set a $183.00 target price (up from $177.00) on shares of Anthem in a research report on Sunday, April 23rd. Cantor Fitzgerald restated a “hold” rating and set a $165.00 price target on shares of Anthem in a research note on Monday, April 24th. Royal Bank Of Canada restated an “outperform” rating and set a $183.00 price target (up previously from $179.00) on shares of Anthem in a research note on Thursday, April 27th. Deutsche Bank AG raised their price target on shares of Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Sanford C. Bernstein raised their price target on shares of Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Anthem currently has an average rating of “Hold” and an average target price of $180.00.
In related news, SVP Ronald W. Penczek sold 867 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total transaction of $162,527.82. Following the sale, the senior vice president now owns 1,872 shares in the company, valued at approximately $350,925.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julie A. Hill sold 555 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total transaction of $100,210.80. Following the sale, the director now owns 37,448 shares in the company, valued at approximately $6,761,610.88. The disclosure for this sale can be found here. Insiders have sold a total of 4,103 shares of company stock worth $749,555 in the last quarter. 0.36% of the stock is currently owned by company 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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