Anthem, Inc. (ANTM) is Orbis Investment Management U.S. LLC’s 3rd Largest Position
Orbis Investment Management U.S. LLC cut its stake in Anthem, Inc. (NYSE:ANTM) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,932 shares of the company’s stock after selling 2,400 shares during the period. Anthem comprises about 7.1% of Orbis Investment Management U.S. LLC’s holdings, making the stock its 3rd largest holding. Orbis Investment Management U.S. LLC’s holdings in Anthem were worth $10,711,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in ANTM. Captrust Financial Advisors purchased a new stake in Anthem during the 2nd quarter worth about $128,000. Salem Investment Counselors Inc. raised its position in Anthem by 1.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares in the last quarter. Westside Investment Management Inc. raised its position in Anthem by 33.6% in the 1st quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after purchasing an additional 200 shares in the last quarter. Harding Loevner LP acquired a new stake in Anthem in the 2nd quarter valued at about $151,000. Finally, Focused Wealth Management Inc acquired a new stake in Anthem in the 1st quarter valued at about $149,000. Hedge funds and other institutional investors own 87.65% of the company’s stock.
In other news, Director Julie A. Hill sold 524 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $190.80, for a total transaction of $99,979.20. Following the completion of the transaction, the director now owns 36,924 shares in the company, valued at $7,045,099.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the transaction, the insider now owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The disclosure for this sale can be found here. Insiders have sold 30,776 shares of company stock valued at $6,007,143 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.
Shares of Anthem, Inc. (ANTM) traded up 0.35% during mid-day trading on Tuesday, reaching $191.77. 391,458 shares of the company were exchanged. The company’s 50-day moving average is $190.47 and its 200 day moving average is $183.50. Anthem, Inc. has a 12 month low of $114.85 and a 12 month high of $198.98. The firm has a market capitalization of $50.36 billion, a price-to-earnings ratio of 18.13 and a beta of 0.71.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. During the same quarter last year, the company posted $3.33 earnings per share. Anthem’s revenue was up 4.3% on a year-over-year basis. Analysts predict that Anthem, Inc. will post $11.84 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, September 7th. This is a positive change from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.47%. Anthem’s dividend payout ratio is 26.52%.
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ANTM has been the subject of several recent research reports. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $219.00 price objective for the company in a research note on Thursday, August 24th. BidaskClub cut shares of Anthem from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation lifted their price target 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. Citigroup Inc. reiterated a “buy” rating and set a $205.00 price target on shares of Anthem in a report on Wednesday, June 28th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $215.00 price objective on shares of Anthem in a research report on Thursday, September 14th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $184.67.
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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