Checchi Capital Advisers LLC Decreases Position in Anthem, Inc. (ANTM)
Checchi Capital Advisers LLC decreased its stake in shares of Anthem, Inc. (NYSE:ANTM) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,752 shares of the company’s stock after selling 74 shares during the period. Checchi Capital Advisers LLC’s holdings in Anthem were worth $518,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of ANTM. Bank of The West raised its position in shares of 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 during the period. Highland Capital Management LLC purchased a new position in shares of Anthem during the first quarter valued at about $324,000. Endurant Capital Management LP raised its position in shares of 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 during the period. Karp Capital Management Corp purchased a new position in shares of Anthem during the first quarter valued at about $35,580,000. Finally, Union Bankshares Corp raised its position in shares of 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 during the period. 89.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of Anthem, Inc. (ANTM) opened at 191.31 on Tuesday. The firm has a 50 day moving average price of $189.86 and a 200 day moving average price of $176.68. The company has a market capitalization of $50.23 billion, a P/E ratio of 18.09 and a beta of 0.73. Anthem, Inc. has a one year low of $114.85 and a one year high of $194.94.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.33 EPS. On average, equities research analysts predict that Anthem, Inc. will post $11.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.46%. 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 payout ratio is currently 24.62%.
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ANTM has been the topic of several research reports. Cantor Fitzgerald raised Anthem from a “hold” rating to an “overweight” rating and upped their price target for the company from $165.00 to $210.00 in a research note on Thursday, April 27th. Sanford C. Bernstein upped their price target on Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Deutsche Bank AG upped their price target on Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Citigroup Inc. reaffirmed a “buy” rating and set a $205.00 price target on shares of Anthem in a research note on Wednesday, June 28th. Finally, Morgan Stanley initiated coverage on Anthem in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $180.00.
In other news, EVP Thomas C. Zielinski sold 9,127 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value 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 approximately $5,081,703.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ramiro G. Peru sold 2,681 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total value of $486,815.98. Following the completion of the transaction, the director now directly owns 13,571 shares in the company, valued at $2,464,222.18. The disclosure for this sale can be found here. Insiders sold a total of 13,754 shares of company stock worth $2,595,073 over the last three months. 0.36% of the stock is owned by company 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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