Toronto Dominion Bank Boosts Stake in Anthem Inc (NYSE:ANTM)

Toronto Dominion Bank grew its position in shares of Anthem Inc (NYSE:ANTM) by 28.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 238,141 shares of the company’s stock after buying an additional 52,935 shares during the quarter. Toronto Dominion Bank’s holdings in Anthem were worth $67,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Asymmetry Capital Management L.P. bought a new position in shares of Anthem during the 2nd quarter worth $4,679,000. Cable Hill Partners LLC lifted its stake in shares of Anthem by 77.5% during the 1st quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock valued at $36,000 after buying an additional 55 shares in the last quarter. Wade G W & Inc. purchased a new stake in shares of Anthem during the 1st quarter valued at approximately $274,000. Evolution Wealth Advisors LLC bought a new position in Anthem in the 2nd quarter worth approximately $55,000. Finally, Wealthfront Advisers LLC boosted its holdings in Anthem by 22.7% in the 1st quarter. Wealthfront Advisers LLC now owns 7,098 shares of the company’s stock worth $2,037,000 after buying an additional 1,314 shares during the period. 89.26% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Robert L. Dixon, Jr. sold 520 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $294.11, for a total transaction of $152,937.20. Following the completion of the transaction, the director now owns 9,971 shares of the company’s stock, valued at $2,932,570.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of Anthem from $359.00 to $371.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Anthem in a report on Friday, July 26th. ValuEngine cut Anthem from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Finally, Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating and set a $289.00 price objective on the stock. in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. Anthem has an average rating of “Buy” and a consensus target price of $325.40.

Shares of Anthem stock traded down $0.80 during trading on Wednesday, hitting $251.79. The stock had a trading volume of 694,020 shares, compared to its average volume of 1,371,340. The company has a current ratio of 1.64, a quick 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 cap of $64.07 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 0.93 and a beta of 0.74. The business’s 50-day moving average is $275.20 and its 200 day moving average is $281.16.

Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.61 by $0.03. Anthem had a return on equity of 15.02% and a net margin of 4.21%. The company had revenue of $25.20 billion during the quarter, compared to analyst estimates of $24.88 billion. During the same quarter last year, the company earned $4.25 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities analysts expect that Anthem Inc will post 19.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, September 9th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.27%. Anthem’s dividend payout ratio (DPR) is presently 20.14%.

About Anthem

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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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