FDx Advisors Inc. Boosts Position in Anthem, Inc. (ANTM)
FDx Advisors Inc. boosted its stake in Anthem, Inc. (NYSE:ANTM) by 21.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,804 shares of the company’s stock after acquiring an additional 1,551 shares during the quarter. FDx Advisors Inc.’s holdings in Anthem were worth $1,672,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Anthem by 177.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock valued at $238,783,000 after buying an additional 811,537 shares during the last quarter. Swiss National Bank increased its stake in Anthem by 3.3% in the 2nd quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock valued at $193,161,000 after buying an additional 32,900 shares during the last quarter. Deschutes Portfolio Strategy LLC acquired a new stake in Anthem in the 2nd quarter valued at $273,000. WBI Investments Inc. increased its stake in Anthem by 637.6% in the 2nd quarter. WBI Investments Inc. now owns 56,233 shares of the company’s stock valued at $10,579,000 after buying an additional 48,609 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in Anthem by 1.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock valued at $8,850,000 after buying an additional 873 shares during the last quarter. 88.91% of the stock is currently owned by institutional investors and hedge funds.
In other Anthem news, SVP Ronald W. Penczek sold 978 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total value of $212,636.76. Following the completion of the sale, the senior vice president now owns 1,222 shares of the company’s stock, valued at approximately $265,687.24. 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 dated Monday, October 2nd. The shares were sold at an average price of $190.63, for a total transaction of $4,027,058.75. The disclosure for this sale can be found here. Insiders sold a total of 65,955 shares of company stock valued at $13,179,953 in the last three months. Insiders own 0.36% of the company’s stock.
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Several equities research analysts have issued reports on the stock. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a research note on Tuesday, November 7th. Cantor Fitzgerald restated a “buy” rating and set a $215.00 price objective on shares of Anthem in a research note on Wednesday, September 20th. BMO Capital Markets initiated coverage on shares of Anthem in a research note on Monday, October 16th. They set a “market perform” rating on the stock. Jefferies Group LLC restated a “hold” rating and set a $204.00 price objective on shares of Anthem in a research note on Sunday, August 20th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $202.00 price objective on shares of Anthem in a research note on Wednesday, October 4th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $197.69.
Anthem, Inc. (NYSE:ANTM) opened at $218.46 on Tuesday. Anthem, Inc. has a 52 week low of $132.65 and a 52 week high of $220.75. The company has a market cap of $56,043.11, a PE ratio of 17.52, a P/E/G ratio of 1.71 and a beta of 0.77. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.25. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. Anthem’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.45 EPS. equities analysts forecast that Anthem, Inc. will post 11.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio is currently 25.32%.
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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