Beaton Management Co. Inc. bought a new stake in Anthem Inc (NYSE:ANTM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 800 shares of the company’s stock, valued at approximately $219,000.
Other hedge funds have also recently made changes to their positions in the company. WINTON GROUP Ltd boosted its stake in shares of Anthem by 138.2% in the third quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock valued at $22,004,000 after purchasing an additional 46,590 shares during the period. Visionary Asset Management Inc. purchased a new position in shares of Anthem in the third quarter valued at $223,000. Diligent Investors LLC purchased a new position in shares of Anthem in the third quarter valued at $200,000. Advisors Asset Management Inc. boosted its stake in shares of Anthem by 48.2% in the second quarter. Advisors Asset Management Inc. now owns 15,646 shares of the company’s stock valued at $2,353,000 after purchasing an additional 5,086 shares during the period. Finally, Partner Fund Management L.P. boosted its stake in shares of Anthem by 7.0% in the second quarter. Partner Fund Management L.P. now owns 707,244 shares of the company’s stock valued at $168,345,000 after purchasing an additional 46,374 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.
Several brokerages have recently weighed in on ANTM. Credit Suisse Group upped their target price on shares of Anthem from $311.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. BMO Capital Markets upped their price target on shares of Anthem from $300.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, November 1st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $275.00 price target on shares of Anthem in a report on Thursday, October 25th. Citigroup upped their price target on shares of Anthem from $290.00 to $292.00 and gave the company a “neutral” rating in a report on Tuesday, November 6th. Finally, Jefferies Financial Group upped their price target on shares of Anthem from $323.00 to $345.00 and gave the company a “buy” rating in a report on Monday, December 3rd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $300.33.
In other Anthem news, EVP Peter D. Haytaian sold 4,500 shares of the stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $270.00, for a total transaction of $1,215,000.00. Following the sale, the executive vice president now directly owns 51,206 shares of the company’s stock, valued at $13,825,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas C. Zielinski sold 7,826 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $289.71, for a total transaction of $2,267,270.46. Following the sale, the executive vice president now directly owns 29,466 shares in the company, valued at $8,536,594.86. The disclosure for this sale can be found here. Insiders have sold 20,826 shares of company stock worth $5,815,620 over the last three months. 0.31% of the stock is owned by corporate insiders.
ANTM opened at $266.69 on Tuesday. The firm has a market capitalization of $71.28 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.35 and a beta of 0.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.54 and a current ratio of 1.53. Anthem Inc has a 12-month low of $215.52 and a 12-month high of $300.57.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.11. The firm had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $22.85 billion. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.65 earnings per share. As a group, equities research analysts anticipate that Anthem Inc will post 15.66 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, December 5th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, December 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.12%. Anthem’s dividend payout ratio (DPR) is 24.92%.
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Anthem Company Profile
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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