Anthem, Inc. (ANTM) Stake Lowered by Patton Albertson Miller Group LLC
Patton Albertson Miller Group LLC decreased its position in Anthem, Inc. (NYSE:ANTM) by 26.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,176 shares of the company’s stock after selling 1,128 shares during the period. Patton Albertson Miller Group LLC’s holdings in Anthem were worth $593,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of ANTM. Raymond James Trust N.A. raised its position in shares of 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 in the last quarter. Highland Capital Management LLC purchased a new position in shares of Anthem during the first quarter worth approximately $324,000. CrestPoint Capital Management LLC raised its position in shares of 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 in the last quarter. Capstone Asset Management Co. raised its position in shares of Anthem by 3.1% in the first quarter. Capstone Asset Management Co. now owns 31,792 shares of the company’s stock worth $5,258,000 after buying an additional 951 shares in the last quarter. Finally, TNB Financial purchased a new position in shares of Anthem during the first quarter worth approximately $382,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Anthem, Inc. (NYSE ANTM) opened at 189.72 on Friday. The stock’s 50 day moving average price is $189.94 and its 200-day moving average price is $175.77. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94. The company has a market capitalization of $49.82 billion, a P/E ratio of 17.94 and a beta of 0.73.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.33 earnings per share. On average, equities analysts expect that Anthem, Inc. will post $11.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a $0.70 dividend. The ex-dividend date is Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.48%. Anthem’s payout ratio is 24.62%.
A number of research analysts have commented on ANTM shares. Bank of America Corporation upped their price objective on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 14th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Anthem in a report on Thursday, May 11th. Citigroup Inc. reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Anthem in a report on Wednesday, June 28th. BidaskClub lowered Anthem from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley started coverage on Anthem in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective on the stock. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $180.00.
In other news, Director Julie A. Hill sold 555 shares of Anthem stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total value of $100,210.80. Following the completion of the transaction, the director now directly owns 37,448 shares in the company, valued at $6,761,610.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ronald W. Penczek sold 867 shares of Anthem stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total value of $162,527.82. Following the completion of the transaction, the senior vice president now owns 1,872 shares of the company’s stock, valued at $350,925.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,103 shares of company stock valued at $749,555. 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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