Anthem, Inc. (NYSE:ANTM) Shares Bought by Foundry Partners LLC
Foundry Partners LLC increased its position in Anthem, Inc. (NYSE:ANTM) by 19.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,085 shares of the company’s stock after buying an additional 13,600 shares during the period. Anthem makes up approximately 0.7% of Foundry Partners LLC’s investment portfolio, making the stock its 25th largest position. Foundry Partners LLC’s holdings in Anthem were worth $16,007,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. FTB Advisors Inc. increased its stake in 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 last quarter. Westside Investment Management Inc. increased its stake in 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 last quarter. Focused Wealth Management Inc acquired a new stake in Anthem during the first quarter worth approximately $149,000. Guardian Life Insurance Co. of America increased its stake in 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 last quarter. Finally, Cedar Wealth Management LLC increased its stake in 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 last quarter. 89.81% of the stock is owned by institutional investors.
Anthem, Inc. (NYSE:ANTM) opened at 189.72 on Friday. The firm has a market cap of $49.82 billion, a price-to-earnings ratio of 17.94 and a beta of 0.73. The firm has a 50-day moving average of $189.94 and a 200 day moving average of $175.77. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $194.94.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $3.33 EPS. Analysts expect that Anthem, Inc. will post $11.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued 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 yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is 24.62%.
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A number of analysts recently commented on ANTM shares. Cantor Fitzgerald upgraded shares of Anthem from a “hold” rating to an “overweight” rating and boosted their target price for the stock from $165.00 to $210.00 in a report on Thursday, April 27th. Sanford C. Bernstein boosted their target price on shares of Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Deutsche Bank AG boosted their target price on shares of Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Citigroup Inc. reiterated a “buy” rating and issued a $205.00 target price on shares of Anthem in a report on Wednesday, June 28th. Finally, Morgan Stanley started coverage on shares of Anthem in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Anthem currently has a consensus rating of “Hold” and a consensus price target of $180.00.
In other Anthem news, Director Ramiro G. Peru sold 2,681 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total transaction of $486,815.98. Following the sale, the director now directly owns 13,571 shares in the company, valued at approximately $2,464,222.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie A. Hill sold 555 shares of the firm’s 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 $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 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.
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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