Scotia Capital Inc. Cuts Stake in Anthem, Inc. (ANTM)
Scotia Capital Inc. trimmed its position in Anthem, Inc. (NYSE:ANTM) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,444 shares of the company’s stock after selling 177 shares during the period. Scotia Capital Inc.’s holdings in Anthem were worth $1,212,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of ANTM. BlackRock Inc. raised its holdings in Anthem by 2,873.5% during the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after acquiring an additional 21,914,321 shares in the last quarter. Wellington Management Group LLP raised its holdings in Anthem by 53.5% during the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock worth $734,810,000 after acquiring an additional 1,548,077 shares in the last quarter. OZ Management LP bought a new stake in Anthem during the first quarter worth about $192,493,000. Janus Henderson Group PLC raised its holdings in Anthem by 2,835.4% during the second quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock worth $218,554,000 after acquiring an additional 1,122,159 shares in the last quarter. Finally, FMR LLC raised its holdings in Anthem by 8.2% during the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock worth $2,039,982,000 after acquiring an additional 934,509 shares in the last quarter. Institutional investors own 87.65% of the company’s stock.
Anthem, Inc. (ANTM) traded down 3.11% during mid-day trading on Friday, reaching $183.83. The company had a trading volume of 3,279,980 shares. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $198.98. The firm has a market capitalization of $48.27 billion, a price-to-earnings ratio of 17.38 and a beta of 0.71. The firm has a 50-day moving average price of $189.87 and a 200 day moving average price of $184.85.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. During the same period in the prior year, the firm posted $3.33 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts expect that Anthem, Inc. will post $11.84 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 8th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.80 annualized dividend and a dividend yield of 1.52%. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is currently 26.52%.
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Several research firms recently issued reports on ANTM. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Morgan Stanley boosted their price target on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Piper Jaffray Companies reissued a “hold” rating and set a $202.00 price target on shares of Anthem in a research report on Wednesday, October 4th. Finally, Bank of America Corporation boosted their price target on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $187.89.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the company’s 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 in the company, valued at $17,270,596. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the company’s 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 owns 26,571 shares in the company, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. Insiders have sold 51,901 shares of company stock worth $10,034,202 in the last quarter. 0.36% of the stock is owned by corporate 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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