BB&T Corp Increases Position in Anthem Inc. (ANTM)
BB&T Corp increased its stake in shares of Anthem Inc. (NYSE:ANTM) by 44.5% during the second quarter, Holdings Channel reports. The fund owned 149,999 shares of the company’s stock after buying an additional 46,191 shares during the period. BB&T Corp’s holdings in Anthem were worth $19,701,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of ANTM. Financial Architects Inc boosted its position 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 during the period. Integrated Investment Consultants LLC boosted its position in shares of 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 period. AIMZ Investment Advisors LLC acquired a new position in shares of Anthem during the first quarter valued at about $201,000. Sigma Planning Corp boosted its position in shares of 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 period. Finally, Boothbay Fund Management LLC boosted its position in shares of Anthem by 3.9% in the first quarter. Boothbay Fund Management LLC now owns 1,607 shares of the company’s stock valued at $223,000 after buying an additional 61 shares during the period. 89.45% of the stock is owned by institutional investors and hedge funds.
Anthem Inc. (NYSE:ANTM) traded up 0.35% on Wednesday, hitting $123.58. 516,480 shares of the company were exchanged. Anthem Inc. has a 52 week low of $115.63 and a 52 week high of $149.38. The company has a 50 day moving average price of $124.47 and a 200-day moving average price of $131.95. The stock has a market capitalization of $32.52 billion, a P/E ratio of 14.29 and a beta of 0.53.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $3.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.10. The business had revenue of $21.27 billion for the quarter, compared to the consensus estimate of $20.53 billion. Anthem had a net margin of 2.83% and a return on equity of 12.16%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.10 EPS. On average, equities analysts expect that Anthem Inc. will post $10.87 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Wednesday, September 7th. Anthem’s payout ratio is currently 30.06%.
ANTM has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut shares of Anthem from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $154.00 to $132.00 in a research report on Monday. Zacks Investment Research upgraded shares of Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Citigroup Inc. reiterated a “buy” rating and set a $172.00 price objective on shares of Anthem in a research report on Tuesday, June 21st. Leerink Swann reiterated a “buy” rating and set a $155.00 price objective on shares of Anthem in a research report on Monday, September 26th. Finally, Jefferies Group cut shares of Anthem from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $156.00 to $138.00 in a research report on Tuesday, September 13th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Anthem has an average rating of “Hold” and a consensus target price of $159.81.
In other news, EVP Thomas C. Zielinski sold 5,254 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $128.83, for a total value of $676,872.82. Following the sale, the executive vice president now directly owns 17,935 shares of the company’s stock, valued at approximately $2,310,566.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Ryan sold 3,125 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $133.15, for a total transaction of $416,093.75. Following the completion of the sale, the director now directly owns 27,149 shares in the company, valued at $3,614,889.35. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
Anthem Company Profile
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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