Rothschild Asset Management Inc. Sells 286 Shares of Anthem, Inc. (NYSE:ANTM)
Rothschild Asset Management Inc. cut its stake in shares of Anthem, Inc. (NYSE:ANTM) by 9.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,722 shares of the company’s stock after selling 286 shares during the period. Rothschild Asset Management Inc.’s holdings in Anthem were worth $512,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANTM. Bank of The West increased its position in Anthem by 1.1% in the first quarter. Bank of The West now owns 27,277 shares of the company’s stock valued at $4,511,000 after buying an additional 284 shares in the last quarter. Highland Capital Management LLC purchased a new position in Anthem during the first quarter valued at approximately $324,000. Endurant Capital Management LP increased its position in 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. Karp Capital Management Corp purchased a new position in Anthem during the first quarter valued at approximately $35,580,000. Finally, Union Bankshares Corp increased its position in 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. 89.81% of the stock is owned by hedge funds and other institutional investors.
Anthem, Inc. (ANTM) opened at 189.43 on Friday. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $194.94. The stock’s 50 day moving average price is $189.83 and its 200-day moving average price is $176.05. The stock has a market capitalization of $49.74 billion, a PE ratio of 17.91 and a beta of 0.73.
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, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The company 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 firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $3.33 earnings per share. Analysts expect that Anthem, Inc. will post $11.82 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 $0.70 dividend. This is an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is currently 24.62%.
Several research analysts recently commented on ANTM shares. Cantor Fitzgerald raised Anthem from a “hold” rating to an “overweight” rating and increased their price objective for the company from $165.00 to $210.00 in a research note on Thursday, April 27th. Sanford C. Bernstein increased their price objective on Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Deutsche Bank AG increased their price objective on Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Citigroup Inc. reissued a “buy” rating and issued a $205.00 price objective on shares of Anthem in a research note on Wednesday, June 28th. Finally, Morgan Stanley started coverage on Anthem in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $180.00.
In other news, Director Julie A. Hill sold 555 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total value of $100,210.80. Following the sale, the director now directly owns 37,448 shares of the company’s stock, valued at $6,761,610.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares in the company, valued at $7,045,099.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,754 shares of company stock worth $2,595,073. 0.36% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem, Inc. (NYSE:ANTM).
Receive News & Ratings for Anthem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.