Anthem, Inc. (ANTM) Position Maintained by Gargoyle Investment Advisor L.L.C.
Gargoyle Investment Advisor L.L.C. continued to hold its stake in Anthem, Inc. (NYSE:ANTM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,000 shares of the company’s stock at the end of the second quarter. Anthem accounts for about 1.3% of Gargoyle Investment Advisor L.L.C.’s holdings, making the stock its 12th largest position. Gargoyle Investment Advisor L.L.C.’s holdings in Anthem were worth $3,386,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in ANTM. Bank of The West increased its stake in Anthem by 1.1% in the first quarter. Bank of The West now owns 27,277 shares of the company’s stock valued at $4,511,000 after buying an additional 284 shares in the last quarter. Highland Capital Management LLC purchased a new stake in Anthem during the first quarter valued at about $324,000. Endurant Capital Management LP increased its stake in Anthem by 99.6% in the first quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock valued at $9,277,000 after buying an additional 27,998 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Anthem during the first quarter valued at about $35,580,000. Finally, Union Bankshares Corp increased its stake in Anthem by 1.4% in the second quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock valued at $681,000 after buying an additional 49 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.
Anthem, Inc. (NYSE:ANTM) opened at 189.43 on Friday. The company has a market cap of $49.74 billion, a PE ratio of 17.91 and a beta of 0.73. The company’s 50-day moving average price is $189.83 and its 200-day moving average price is $176.05. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $194.94.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. During the same period in the prior year, the firm posted $3.33 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts anticipate that Anthem, Inc. will post $11.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.48%. This is an increase from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio is presently 24.62%.
ANTM has been the subject of several analyst reports. Cantor Fitzgerald upgraded Anthem from a “hold” rating to an “overweight” rating and raised their price objective for the company from $165.00 to $210.00 in a report on Thursday, April 27th. Sanford C. Bernstein raised their price objective on Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Deutsche Bank AG raised their price objective on Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a report on Friday, April 28th. Citigroup Inc. restated a “buy” rating and issued a $205.00 price objective on shares of Anthem in a report on Wednesday, June 28th. Finally, Morgan Stanley initiated coverage on Anthem in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $180.00.
In other news, Director Julie A. Hill sold 524 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total transaction of $99,979.20. Following the completion of the transaction, the director now directly owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the transaction, the executive vice president now directly owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The disclosure for this sale can be found here. Insiders sold a total of 13,754 shares of company stock valued at $2,595,073 over the last ninety days. 0.36% of the stock is currently owned by insiders.
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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