Columbia Partners L L C Investment Management Has $1.42 Million Stake in Anthem, Inc. (ANTM)
Columbia Partners L L C Investment Management lowered its stake in shares of Anthem, Inc. (NYSE:ANTM) by 11.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,546 shares of the company’s stock after selling 991 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Anthem were worth $1,419,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in Anthem in the 2nd quarter valued at $128,000. Westside Investment Management Inc. grew its position in Anthem by 33.6% in the 1st quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after acquiring an additional 200 shares during the last quarter. Focused Wealth Management Inc bought a new position in Anthem in the 1st quarter valued at $149,000. Cedar Wealth Management LLC grew its position in Anthem by 1.7% in the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after acquiring an additional 15 shares during the last quarter. Finally, Guardian Life Insurance Co. of America grew its position in Anthem by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after acquiring an additional 7 shares during the last quarter. 87.65% of the stock is currently owned by hedge funds and other institutional investors.
In other Anthem news, Director Julie A. Hill sold 524 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 36,924 shares in the company, valued at approximately $7,045,099.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 87,668 shares in the company, valued at approximately $17,270,596. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,776 shares of company stock valued at $6,007,143. 0.36% of the stock is owned by company insiders.
Anthem, Inc. (ANTM) traded up 0.21% during mid-day trading on Wednesday, reaching $181.83. The company had a trading volume of 272,774 shares. Anthem, Inc. has a 12 month low of $114.85 and a 12 month high of $198.98. The company has a market capitalization of $47.75 billion, a price-to-earnings ratio of 17.19 and a beta of 0.70. The firm’s 50 day moving average price is $191.59 and its 200-day moving average price is $182.25.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 EPS. Equities research analysts anticipate that Anthem, Inc. will post $11.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 1.54%. Anthem’s dividend payout ratio is currently 26.52%.
Several brokerages have weighed in on ANTM. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a report on Tuesday. Cantor Fitzgerald reiterated a “buy” rating and issued a $215.00 target price on shares of Anthem in a report on Thursday, September 14th. BidaskClub cut Anthem from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $204.00 target price on shares of Anthem in a report on Sunday, August 20th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Anthem has a consensus rating of “Hold” and an average price target of $183.44.
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.
Receive News & Ratings for Anthem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.