GRT Capital Partners L.L.C. Has $1 Million Stake in Anthem, Inc. (ANTM)
GRT Capital Partners L.L.C. reduced its stake in shares of Anthem, Inc. (NYSE:ANTM) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,330 shares of the company’s stock after selling 1,000 shares during the quarter. GRT Capital Partners L.L.C.’s holdings in Anthem were worth $1,003,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Anthem by 177.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock worth $238,783,000 after purchasing an additional 811,537 shares in the last quarter. Swiss National Bank grew its holdings in shares of Anthem by 3.3% during the 2nd quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock worth $193,161,000 after purchasing an additional 32,900 shares in the last quarter. Endurant Capital Management LP grew its holdings in shares of Anthem by 99.6% during the 1st quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock worth $9,277,000 after purchasing an additional 27,998 shares in the last quarter. Union Bankshares Corp grew its holdings in shares of Anthem by 1.4% during the 2nd quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock worth $681,000 after purchasing an additional 49 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Anthem during the 2nd quarter worth $2,512,000. 87.69% of the stock is currently owned by institutional investors.
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Several analysts have recently issued reports on ANTM shares. Morgan Stanley started coverage on Anthem in a report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 target price on the stock. Citigroup Inc. reissued a “buy” rating and set a $205.00 target price on shares of Anthem in a report on Wednesday, June 28th. Credit Suisse Group started coverage on Anthem in a report on Wednesday, July 12th. They set a “neutral” rating and a $195.00 target price on the stock. Deutsche Bank AG increased their target price on Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 13th. Finally, Bank of America Corporation increased their target price on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Anthem has a consensus rating of “Buy” and an average price target of $183.94.
Anthem, Inc. (NYSE:ANTM) traded up 0.15% during trading on Wednesday, reaching $189.53. The company’s stock had a trading volume of 522,199 shares. The company has a market cap of $49.77 billion, a PE ratio of 17.92 and a beta of 0.70. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $198.98. The stock has a 50-day moving average price of $191.75 and a 200 day moving average price of $181.33.
Anthem (NYSE:ANTM) last posted its quarterly earnings data 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. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. During the same period in the prior year, the business earned $3.33 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect that Anthem, Inc. will post $11.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a $0.70 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio is presently 26.52%.
In related news, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 26,571 shares in the company, valued at approximately $5,081,703.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Swedish sold 21,125 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.00, for a total value of $4,161,625.00. Following the sale, the insider now owns 87,668 shares of the company’s stock, valued at $17,270,596. The disclosure for this sale can be found here. Insiders sold a total of 30,776 shares of company stock valued at $6,007,143 over the last quarter. Company 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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