Commerce Bank Boosts Stake in Anthem, Inc. (ANTM)
Commerce Bank boosted its stake in Anthem, Inc. (NYSE:ANTM) by 65.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,088 shares of the company’s stock after buying an additional 4,778 shares during the period. Commerce Bank’s holdings in Anthem were worth $2,274,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ANTM. Endurant Capital Management LP raised its position in shares of Anthem by 99.6% in the first quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock valued at $9,277,000 after buying an additional 27,998 shares in the last quarter. Union Bankshares Corp raised its position in shares of Anthem by 1.4% in the second quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock valued at $681,000 after buying an additional 49 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Anthem during the first quarter valued at about $35,580,000. Advantus Capital Management Inc raised its position in shares of Anthem by 1.1% in the first quarter. Advantus Capital Management Inc now owns 26,586 shares of the company’s stock valued at $4,397,000 after buying an additional 291 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Anthem by 4.2% in the first quarter. Vanguard Group Inc. now owns 17,325,680 shares of the company’s stock valued at $2,865,321,000 after buying an additional 700,705 shares in the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Anthem, Inc. (NYSE ANTM) opened at 197.43 on Friday. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $197.57. The stock has a market capitalization of $51.84 billion, a P/E ratio of 18.67 and a beta of 0.70. The firm’s 50-day moving average price is $191.21 and its 200 day moving average price is $179.94.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The business had revenue of $22.20 billion for 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 business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.33 earnings per share. Analysts expect that Anthem, Inc. will post $11.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given 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 dividend on an annualized basis and a dividend yield of 1.42%. Anthem’s dividend payout ratio is presently 24.62%.
ANTM has been the subject of several research reports. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup Inc. reissued a “buy” rating and issued a $205.00 target price on shares of Anthem in a research report on Wednesday, June 28th. Morgan Stanley initiated coverage on Anthem in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 target price for the company. Credit Suisse Group initiated coverage on Anthem in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 target price for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $215.00 price objective (up previously from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $183.83.
In other news, 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 transaction of $1,745,538.75. Following the transaction, the executive vice president now directly owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Ronald W. Penczek sold 867 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total value of $162,527.82. Following the transaction, the senior vice president now directly owns 1,872 shares in the company, valued at $350,925.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,518 shares of company stock worth $2,008,046. 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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