Seven Bridges Advisors LLC Has $415,000 Stake in Anthem Inc. (ANTM)
Seven Bridges Advisors LLC cut its stake in Anthem Inc. (NYSE:ANTM) by 26.8% during the second quarter, Holdings Channel reports. The institutional investor owned 3,159 shares of the company’s stock after selling 1,155 shares during the period. Seven Bridges Advisors LLC’s holdings in Anthem were worth $415,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of ANTM. Financial Architects Inc boosted its stake in shares of Anthem by 2.7% in the second quarter. Financial Architects Inc now owns 839 shares of the company’s stock valued at $111,000 after buying an additional 22 shares in the last quarter. Integrated Investment Consultants LLC raised its position in Anthem by 21.4% in the second quarter. Integrated Investment Consultants LLC now owns 850 shares of the company’s stock valued at $112,000 after buying an additional 150 shares during the last quarter. Nikko Asset Management Americas Inc. purchased a new position in Anthem during the first quarter valued at about $196,000. AIMZ Investment Advisors LLC purchased a new position in Anthem during the first quarter valued at about $201,000. Finally, Sigma Planning Corp raised its position in Anthem by 5.7% in the second quarter. Sigma Planning Corp now owns 1,546 shares of the company’s stock valued at $203,000 after buying an additional 83 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.
Shares of Anthem Inc. (NYSE:ANTM) traded down 0.44% during midday trading on Tuesday, reaching $125.76. 1,773,048 shares of the company’s stock were exchanged. The stock has a market capitalization of $33.10 billion, a P/E ratio of 14.54 and a beta of 0.45. Anthem Inc. has a 12-month low of $115.63 and a 12-month high of $150.41. The firm has a 50-day moving average of $126.91 and a 200-day moving average of $134.21.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $3.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.10. Anthem had a net margin of 2.83% and a return on equity of 12.16%. The business had revenue of $21.27 billion for the quarter, compared to analysts’ expectations of $20.53 billion. During the same quarter in the previous year, the business posted $3.10 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that Anthem Inc. will post $10.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 9th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Wednesday, September 7th. Anthem’s dividend payout ratio (DPR) is 30.06%.
Several research firms recently issued reports on ANTM. Jefferies Group dropped their target price on shares of Anthem from $157.00 to $156.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Sterne Agee CRT lowered shares of Anthem from a “buy” rating to a “neutral” rating in a report on Tuesday, May 24th. Leerink Swann restated a “buy” rating and issued a $160.00 target price on shares of Anthem in a report on Thursday, June 16th. Citigroup Inc. dropped their target price on shares of Anthem from $172.00 to $162.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Finally, Sanford C. Bernstein began coverage on shares of Anthem in a report on Thursday, June 16th. They issued an “outperform” rating and a $207.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Anthem has a consensus rating of “Buy” and a consensus target price of $163.79.
In other Anthem news, SVP Ronald W. Penczek sold 552 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $128.37, for a total transaction of $70,860.24. Following the transaction, the senior vice president now owns 2,407 shares in the company, valued at $308,986.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gloria M. Mccarthy sold 4,786 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $131.23, for a total transaction of $628,066.78. Following the transaction, the executive vice president now owns 46,167 shares in the company, valued at approximately $6,058,495.41. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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