Assenagon Asset Management S.A. Invests $101.76 Million in Anthem, Inc. (ANTM)
Assenagon Asset Management S.A. purchased a new position in Anthem, Inc. (NYSE:ANTM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 535,907 shares of the company’s stock, valued at approximately $101,758,000. Anthem comprises about 0.9% of Assenagon Asset Management S.A.’s holdings, making the stock its 14th largest holding. Assenagon Asset Management S.A. owned about 0.20% of Anthem at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Captrust Financial Advisors bought a new stake in shares of Anthem in the second quarter worth $128,000. Salem Investment Counselors Inc. increased its stake in shares of Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after buying an additional 10 shares during the last quarter. Harding Loevner LP bought a new stake in shares of Anthem in the second quarter worth $151,000. Krilogy Financial LLC bought a new stake in shares of Anthem in the second quarter worth $160,000. Finally, Cedar Wealth Management LLC increased 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 last quarter. Institutional investors and hedge funds own 87.66% of the company’s stock.
Several analysts have weighed in on ANTM shares. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley boosted their target price on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Piper Jaffray Companies reiterated a “hold” rating and set a $202.00 target price on shares of Anthem in a research note on Wednesday, October 4th. Finally, Bank of America Corporation boosted their target price on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $191.18.
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In other news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.00, for a total value of $4,161,625.00. Following the completion of the sale, the insider now directly owns 87,668 shares in the company, valued at $17,270,596. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of 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 sold 51,901 shares of company stock valued at $10,034,202. 0.36% of the stock is currently owned by corporate insiders.
Shares of Anthem, Inc. (NYSE:ANTM) traded up 0.77% during trading on Friday, hitting $194.69. 1,235,030 shares of the stock traded hands. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $199.23. The firm’s 50-day moving average price is $189.39 and its 200-day moving average price is $185.72. The company has a market cap of $51.12 billion, a price-to-earnings ratio of 18.41 and a beta of 0.71.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. During the same period in the prior year, the company posted $3.33 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that Anthem, Inc. will post $11.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were paid a $0.70 dividend. 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 dividend on an annualized basis and a dividend yield of 1.44%. Anthem’s dividend payout ratio (DPR) is 26.52%.
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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