CrestPoint Capital Management LLC Buys 100 Shares of Anthem, Inc. (ANTM)
CrestPoint Capital Management LLC boosted its stake in shares of Anthem, Inc. (NYSE:ANTM) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 9,900 shares of the company’s stock after buying an additional 100 shares during the period. Anthem comprises approximately 0.9% of CrestPoint Capital Management LLC’s portfolio, making the stock its 25th largest position. CrestPoint Capital Management LLC’s holdings in Anthem were worth $1,862,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Acropolis Investment Management LLC increased its position in shares of Anthem by 7.9% in the first quarter. Acropolis Investment Management LLC now owns 9,240 shares of the company’s stock worth $1,528,000 after buying an additional 677 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Anthem by 44.1% in the first quarter. Fulton Bank N.A. now owns 2,537 shares of the company’s stock worth $420,000 after buying an additional 776 shares in the last quarter. Swarthmore Group Inc. bought a new position in shares of Anthem during the first quarter worth approximately $18,423,000. Chevy Chase Trust Holdings Inc. increased its position in shares of Anthem by 4.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 230,710 shares of the company’s stock worth $38,155,000 after buying an additional 8,957 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its position in shares of Anthem by 35.3% in the first quarter. Integrated Investment Consultants LLC now owns 1,150 shares of the company’s stock worth $190,000 after buying an additional 300 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.
Shares of Anthem, Inc. (NYSE ANTM) opened at 192.56 on Monday. The company’s 50-day moving average is $185.31 and its 200-day moving average is $166.86. The stock has a market cap of $51.03 billion, a PE ratio of 18.66 and a beta of 0.73. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, beating the consensus estimate of $3.85 by $0.83. Anthem had a net margin of 3.19% and a return on equity of 13.13%. The firm had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $21.23 billion. During the same quarter in the prior year, the firm earned $3.46 EPS. Anthem’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts anticipate that Anthem, Inc. will post $11.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were given a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $2.60 annualized dividend and a yield of 1.35%. Anthem’s dividend payout ratio (DPR) is 25.22%.
A number of equities analysts have commented on the stock. Bank of America Corporation upped their target price on shares of Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Group LLC restated a “hold” rating and issued a $204.00 target price on shares of Anthem in a research note on Friday. Deutsche Bank AG upped their target price on shares of Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday. Credit Suisse Group assumed coverage on shares of Anthem in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 target price on the stock. Finally, Morgan Stanley assumed coverage on shares of Anthem in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $174.26.
In related news, Director Julie A. Hill sold 555 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the completion of the sale, the director now owns 37,448 shares in the company, valued at approximately $6,761,610.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $187.46, for a total transaction of $162,527.82. Following the completion of the sale, the senior vice president now owns 1,872 shares of the company’s stock, valued at approximately $350,925.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,103 shares of company stock valued at $749,555. 0.36% of the stock is owned by insiders.
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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