First Quadrant L P CA Has $17.27 Million Stake in Anthem, Inc. (NYSE:ANTM)
First Quadrant L P CA raised its position in Anthem, Inc. (NYSE:ANTM) by 322.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 91,785 shares of the company’s stock after buying an additional 70,063 shares during the period. First Quadrant L P CA’s holdings in Anthem were worth $17,268,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Anthem by 14.7% in the second quarter. Aperio Group LLC now owns 246,716 shares of the company’s stock valued at $46,415,000 after buying an additional 31,577 shares during the period. Diversified Trust Co purchased a new stake in Anthem during the second quarter valued at approximately $201,000. Louisiana State Employees Retirement System raised its stake in Anthem by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the company’s stock valued at $3,085,000 after buying an additional 200 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in Anthem by 519.2% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 15,027 shares of the company’s stock valued at $2,827,000 after buying an additional 12,600 shares during the period. Finally, LS Investment Advisors LLC raised its stake in Anthem by 0.5% in the second quarter. LS Investment Advisors LLC now owns 10,934 shares of the company’s stock valued at $2,057,000 after buying an additional 56 shares during the period. 88.66% of the stock is owned by institutional investors.
Anthem, Inc. (NYSE ANTM) traded down 0.02% on Friday, reaching $190.65. The company had a trading volume of 1,227,876 shares. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94. The stock has a market capitalization of $50.52 billion, a PE ratio of 18.47 and a beta of 0.73. The stock has a 50 day moving average price of $189.74 and a 200 day moving average price of $171.52.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.85 by $0.83. The firm had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $21.23 billion. Anthem had a net margin of 3.19% and a return on equity of 13.13%. Anthem’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.46 EPS. Analysts expect that Anthem, Inc. will post $11.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were paid a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $2.60 annualized dividend and a yield of 1.36%. Anthem’s payout ratio is currently 25.22%.
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Several equities research analysts have commented on ANTM shares. Cantor Fitzgerald reiterated a “buy” rating and set a $136.00 price objective on shares of Anthem in a research note on Thursday, May 11th. Citigroup Inc. reiterated a “buy” rating and set a $205.00 price objective on shares of Anthem in a research note on Wednesday, June 28th. Bank of America Corporation boosted their price objective on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. BidaskClub lowered Anthem from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley started coverage on Anthem in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $174.26.
In other Anthem news, Director Julie A. Hill sold 555 shares of Anthem stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the completion of the sale, the director now directly owns 37,448 shares of the company’s stock, valued at approximately $6,761,610.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ronald W. Penczek sold 867 shares of Anthem stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total transaction of $162,527.82. Following the completion of the sale, the senior vice president now directly owns 1,872 shares of the company’s stock, valued at $350,925.12. The disclosure for this sale can be found here. Insiders sold a total of 4,103 shares of company stock valued at $749,555 over the last ninety days. 0.36% of the stock is 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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