Sigma Planning Corp Acquires 119 Shares of Anthem, Inc. (ANTM)
Sigma Planning Corp boosted its position in Anthem, Inc. (NYSE:ANTM) by 9.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,412 shares of the company’s stock after buying an additional 119 shares during the period. Sigma Planning Corp’s holdings in Anthem were worth $266,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Endurant Capital Management LP raised 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 worth $9,277,000 after buying an additional 27,998 shares in the last quarter. Union Bankshares Corp raised its position in Anthem by 1.4% in the second quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock worth $681,000 after buying an additional 49 shares in the last quarter. Karp Capital Management Corp purchased a new position in Anthem during the first quarter worth approximately $35,580,000. Advantus Capital Management Inc raised its position in Anthem by 1.1% in the first quarter. Advantus Capital Management Inc now owns 26,586 shares of the company’s stock worth $4,397,000 after buying an additional 291 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Anthem by 4.2% in the first quarter. Vanguard Group Inc. now owns 17,325,680 shares of the company’s stock worth $2,865,321,000 after buying an additional 700,705 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.
Shares of Anthem, Inc. (NYSE ANTM) opened at 191.96 on Friday. The company has a 50 day moving average of $190.28 and a 200 day moving average of $177.20. The firm has a market cap of $50.41 billion, a price-to-earnings ratio of 18.15 and a beta of 0.73. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $194.94.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. During the same quarter in the prior year, the company posted $3.33 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Anthem, Inc. will post $11.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a dividend of $0.70 per share. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.80 annualized dividend and a yield of 1.46%. Anthem’s dividend payout ratio is presently 24.62%.
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ANTM has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised shares of Anthem from a “hold” rating to an “overweight” rating and raised their price objective for the stock from $165.00 to $210.00 in a research note on Thursday, April 27th. Sanford C. Bernstein raised their price objective on shares of Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Deutsche Bank AG raised their price objective on shares of Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Citigroup Inc. reaffirmed 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 initiated coverage on shares of Anthem in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Anthem currently has a consensus rating of “Hold” and an average price target of $181.76.
In related news, Director Ramiro G. Peru sold 2,681 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total transaction of $486,815.98. Following the completion of the transaction, the director now owns 13,571 shares in the company, valued at $2,464,222.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie A. Hill sold 555 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total transaction of $100,210.80. Following the transaction, the director now owns 37,448 shares of the company’s stock, valued at approximately $6,761,610.88. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock valued at $2,595,073 in the last 90 days. 0.36% of the stock is currently 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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