Anthem Inc (ANTM) Position Boosted by Neuberger Berman Group LLC
Neuberger Berman Group LLC increased its stake in shares of Anthem Inc (NYSE:ANTM) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 448,741 shares of the company’s stock after buying an additional 1,609 shares during the period. Neuberger Berman Group LLC owned approximately 0.17% of Anthem worth $84,422,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ANTM. FTB Advisors Inc. boosted its stake in shares of Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock worth $117,000 after buying an additional 67 shares during the period. Westside Investment Management Inc. boosted its stake in shares of Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock worth $131,000 after buying an additional 200 shares during the period. Focused Wealth Management Inc acquired a new stake in shares of Anthem during the first quarter worth $149,000. Guardian Life Insurance Co. of America boosted its stake in shares of Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock worth $168,000 after buying an additional 7 shares during the period. Finally, Cedar Wealth Management LLC boosted its stake in shares of Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after buying an additional 15 shares during the period. 87.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Anthem Inc (NYSE ANTM) opened at 191.50 on Thursday. The firm has a market cap of $50.28 billion, a PE ratio of 18.11 and a beta of 0.73. The company has a 50 day moving average of $190.92 and a 200-day moving average of $178.75. Anthem Inc has a 12-month low of $114.85 and a 12-month high of $196.48.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 13.06% and a net margin of 3.82%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. During the same period in the prior year, the company earned $3.33 EPS. Anthem’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that Anthem Inc will post $11.83 EPS for the current fiscal year.
The firm also recently disclosed 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 an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio is currently 24.62%.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC reissued a “hold” rating and set a $204.00 target price on shares of Anthem in a report on Sunday, August 20th. Morgan Stanley increased their target price on shares of Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. BidaskClub cut shares of Anthem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $215.00 target price (up from $210.00) on shares of Anthem in a report on Wednesday, July 26th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $183.83.
In related news, SVP Ronald W. Penczek sold 867 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total transaction of $162,527.82. Following the completion of the sale, the senior vice president now directly owns 1,872 shares in the company, valued at approximately $350,925.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Julie A. Hill sold 524 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total value of $99,979.20. Following the sale, the director now owns 36,924 shares of the company’s stock, valued at $7,045,099.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,518 shares of company stock valued at $2,008,046. 0.36% of the stock is owned by corporate 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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