KCM Investment Advisors LLC Sells 2,152 Shares of Anthem, Inc. (ANTM)
KCM Investment Advisors LLC lessened its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,455 shares of the company’s stock after selling 2,152 shares during the period. KCM Investment Advisors LLC’s holdings in Anthem were worth $2,719,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of ANTM. Captrust Financial Advisors acquired a new position in shares of Anthem during the second quarter worth $128,000. Westside Investment Management Inc. lifted its holdings in shares of Anthem by 33.6% during the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock worth $131,000 after purchasing an additional 200 shares during the period. Focused Wealth Management Inc acquired a new position in shares of Anthem during the first quarter worth $149,000. Guardian Life Insurance Co. of America lifted its holdings in shares of Anthem by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock worth $168,000 after purchasing an additional 7 shares during the period. Finally, Cedar Wealth Management LLC lifted its holdings in shares of Anthem by 1.7% during the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after purchasing an additional 15 shares during the period. Institutional investors own 87.69% of the company’s stock.
Anthem, Inc. (NYSE:ANTM) traded down 0.38% during midday trading on Thursday, reaching $189.00. 375,378 shares of the company’s stock traded hands. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $198.98. The stock has a market cap of $49.63 billion, a P/E ratio of 17.87 and a beta of 0.70. The company’s 50-day moving average price is $191.70 and its 200-day moving average price is $181.52.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $22.25 billion. During the same quarter in the prior year, the company posted $3.33 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Anthem, Inc. will post $11.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.48%. This is a boost 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 (DPR) is currently 26.52%.
A number of brokerages have recently commented on ANTM. Morgan Stanley began coverage on shares of Anthem in a report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price target on the stock. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a report on Thursday. Bank of America Corporation lifted their price target on shares of Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Deutsche Bank AG lifted their target price on shares of Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, July 13th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $183.44.
In other news, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, 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 filing with the SEC, which is available at the SEC website. Also, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the completion of the sale, the insider now directly owns 87,668 shares of the company’s stock, valued at $17,270,596. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,776 shares of company stock valued at $6,007,143. Corporate insiders own 0.36% of the company’s stock.
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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