FTB Advisors Inc. Lowers Holdings in Anthem, Inc. (ANTM)
FTB Advisors Inc. decreased its stake in Anthem, Inc. (NYSE:ANTM) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 664 shares of the company’s stock after selling 4 shares during the period. FTB Advisors Inc.’s holdings in Anthem were worth $127,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Guardian Life Insurance Co. of America raised its position in Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock worth $168,000 after acquiring an additional 7 shares during the period. Salem Investment Counselors Inc. raised its position in Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after acquiring an additional 10 shares during the period. Sii Investments Inc. WI raised its position in Anthem by 0.4% in the first quarter. Sii Investments Inc. WI now owns 2,713 shares of the company’s stock worth $444,000 after acquiring an additional 12 shares during the period. Cedar Wealth Management LLC raised its position in Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after acquiring an additional 15 shares during the period. Finally, Dowling & Yahnke LLC raised its position in Anthem by 0.3% in the second quarter. Dowling & Yahnke LLC now owns 7,175 shares of the company’s stock worth $1,350,000 after acquiring an additional 18 shares during the period. 87.65% of the stock is currently owned by institutional investors and hedge funds.
In other Anthem news, Director Julie A. Hill sold 524 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total transaction of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph Swedish sold 21,125 shares of the stock in a transaction that occurred on 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. Over the last ninety days, insiders have sold 51,901 shares of company stock valued at $10,034,202. Insiders own 0.36% of the company’s stock.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $204.00 price objective on shares of Anthem in a research report on Friday, July 14th. Deutsche Bank AG lifted their price objective on shares of Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. BidaskClub lowered shares of Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation boosted their price target on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $187.50.
Shares of Anthem, Inc. (NYSE:ANTM) traded down 0.61% during trading on Monday, reaching $192.04. 74,550 shares of the company traded hands. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $198.98. The company’s 50-day moving average price is $190.56 and its 200-day moving average price is $184.00. The company has a market capitalization of $50.43 billion, a P/E ratio of 18.16 and a beta of 0.71.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. During the same quarter last year, the business earned $3.33 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Anthem, Inc. will post $11.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Friday, September 8th were issued a dividend of $0.70 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is 26.52%.
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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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