Centaurus Financial Inc. Invests $142,000 in Anthem Inc (ANTM)
Centaurus Financial Inc. purchased a new stake in shares of Anthem Inc (NYSE:ANTM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 597 shares of the company’s stock, valued at approximately $142,000.
Several other institutional investors have also recently made changes to their positions in the company. Financial Gravity Wealth Inc. acquired a new stake in Anthem in the 1st quarter worth approximately $103,000. Flagship Harbor Advisors LLC acquired a new stake in Anthem in the 2nd quarter worth approximately $120,000. Kaizen Advisory LLC lifted its holdings in Anthem by 139.2% in the 2nd quarter. Kaizen Advisory LLC now owns 598 shares of the company’s stock worth $142,000 after purchasing an additional 348 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Anthem by 47.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 638 shares of the company’s stock worth $152,000 after purchasing an additional 205 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Anthem by 3,134.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 744 shares of the company’s stock worth $177,000 after purchasing an additional 721 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $274.00 target price for the company in a report on Wednesday, June 20th. Cantor Fitzgerald restated a “buy” rating and issued a $275.00 target price on shares of Anthem in a report on Wednesday, July 25th. ValuEngine lowered Anthem from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Morgan Stanley boosted their target price on Anthem from $269.00 to $273.00 and gave the stock an “equal weight” rating in a report on Thursday, July 26th. Finally, BMO Capital Markets upgraded Anthem from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $275.00 to $290.00 in a report on Monday, July 9th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Anthem has an average rating of “Buy” and a consensus target price of $272.79.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $4.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.16 by $0.09. The company had revenue of $22.71 billion for the quarter, compared to the consensus estimate of $22.66 billion. Anthem had a return on equity of 13.28% and a net margin of 4.79%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.37 EPS. research analysts forecast that Anthem Inc will post 15.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Monday, September 10th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, September 7th. Anthem’s dividend payout ratio is currently 24.92%.
In other Anthem news, EVP Craig E. Samitt sold 19,541 shares of Anthem stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $246.68, for a total value of $4,820,373.88. Following the transaction, the executive vice president now directly owns 20,857 shares of the company’s stock, valued at approximately $5,145,004.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Ronald W. Penczek sold 763 shares of Anthem stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $265.56, for a total value of $202,622.28. Following the completion of the transaction, the chief accounting officer now directly owns 1,334 shares in the company, valued at $354,257.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,988 shares of company stock worth $6,812,655. Company insiders own 0.31% of the company’s stock.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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