Balyasny Asset Management LLC Raises Position in Anthem, Inc. (ANTM)
Balyasny Asset Management LLC increased its position in Anthem, Inc. (NYSE:ANTM) by 177.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,471 shares of the company’s stock after purchasing an additional 134,350 shares during the quarter. Balyasny Asset Management LLC’s holdings in Anthem were worth $11,000,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after purchasing an additional 21,914,321 shares during the period. Vanguard Group Inc. lifted its position in Anthem by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after purchasing an additional 479,046 shares during the period. FMR LLC lifted its position in Anthem by 8.2% in the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock worth $2,039,982,000 after purchasing an additional 934,509 shares during the period. State Street Corp lifted its position in Anthem by 3.0% in the first quarter. State Street Corp now owns 11,362,446 shares of the company’s stock worth $1,879,127,000 after purchasing an additional 328,727 shares during the period. Finally, Wellington Management Group LLP lifted its position in Anthem by 53.5% in the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock worth $734,810,000 after purchasing an additional 1,548,077 shares during the period. 87.65% of the stock is owned by hedge funds and other institutional investors.
In related news, 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 transaction of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares in the company, valued at approximately $7,045,099.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas C. Zielinski sold 9,127 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the sale, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,901 shares of company stock valued at $10,034,202. 0.36% of the stock is owned by corporate insiders.
ANTM has been the subject of several research reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $204.00 target price on shares of Anthem in a research report on Sunday, August 20th. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $207.00 target price for the company in a research report on Wednesday, September 20th. Morgan Stanley raised their target price on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $215.00 target price on shares of Anthem in a research report on Thursday, September 14th. Finally, BidaskClub cut Anthem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Anthem has a consensus rating of “Buy” and an average target price of $187.50.
Shares of Anthem, Inc. (ANTM) opened at 192.92 on Friday. The firm has a market capitalization of $50.66 billion, a price-to-earnings ratio of 18.24 and a beta of 0.71. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $198.98. The stock has a 50 day moving average price of $190.53 and a 200-day moving average price of $183.82.
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 12.93% and a net margin of 3.24%. 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. On average, equities research analysts forecast that Anthem, Inc. will post $11.84 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 8th were 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 1.45%. The ex-dividend date was Thursday, September 7th. Anthem’s dividend payout ratio is currently 26.52%.
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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