Sequoia Financial Advisors LLC Reduces Holdings in Anthem Inc (NYSE:ANTM)
Sequoia Financial Advisors LLC trimmed its position in shares of Anthem Inc (NYSE:ANTM) by 12.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 805 shares of the company’s stock after selling 112 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Anthem were worth $227,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. NuWave Investment Management LLC raised its holdings in Anthem by 46.3% in the second quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares in the last quarter. Sonora Investment Management LLC raised its holdings in Anthem by 38.0% in the second quarter. Sonora Investment Management LLC now owns 138 shares of the company’s stock worth $39,000 after purchasing an additional 38 shares in the last quarter. Convergence Investment Partners LLC raised its holdings in Anthem by 4.2% in the second quarter. Convergence Investment Partners LLC now owns 943 shares of the company’s stock worth $266,000 after purchasing an additional 38 shares in the last quarter. Brighton Jones LLC raised its holdings in Anthem by 3.7% in the first quarter. Brighton Jones LLC now owns 1,082 shares of the company’s stock worth $311,000 after purchasing an additional 39 shares in the last quarter. Finally, Advantage Investment Management LLC raised its holdings in Anthem by 10.1% in the second quarter. Advantage Investment Management LLC now owns 458 shares of the company’s stock worth $129,000 after purchasing an additional 42 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.
Shares of Anthem stock traded down $5.23 during trading on Wednesday, reaching $281.67. The company’s stock had a trading volume of 13,139 shares, compared to its average volume of 1,739,748. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.57. Anthem Inc has a 12-month low of $227.16 and a 12-month high of $317.99. The firm has a market capitalization of $72.37 billion, a P/E ratio of 17.75, a P/E/G ratio of 1.06 and a beta of 0.71. The business’s 50 day simple moving average is $292.38.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.20 dividend on an annualized basis and a yield of 1.14%. Anthem’s payout ratio is 20.14%.
In other Anthem news, EVP Thomas C. Zielinski sold 8,826 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $283.92, for a total transaction of $2,505,877.92. Following the sale, the executive vice president now directly owns 33,183 shares in the company, valued at $9,421,317.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Dixon, Jr. sold 520 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $294.11, for a total value of $152,937.20. Following the sale, the director now owns 9,971 shares in the company, valued at $2,932,570.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,765 shares of company stock worth $3,327,092. 0.17% of the stock is owned by company insiders.
Several equities analysts recently weighed in on ANTM shares. Morgan Stanley increased their price target on shares of Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Citigroup raised Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price objective for the company in a research report on Friday, May 10th. Wells Fargo & Co restated a “buy” rating on shares of Anthem in a report on Friday, July 26th. SunTrust Banks decreased their price objective on Anthem to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Finally, Barclays boosted their target price on Anthem from $316.00 to $317.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Anthem has an average rating of “Buy” and a consensus target price of $325.67.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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