Fort Washington Investment Advisors Inc. OH Sells 3,242 Shares of Anthem, Inc. (ANTM)
Fort Washington Investment Advisors Inc. OH cut its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 20.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,390 shares of the company’s stock after selling 3,242 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Anthem were worth $2,331,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Anthem by 2,873.5% in the 1st quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after acquiring an additional 21,914,321 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Anthem by 53.5% in the 1st quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after acquiring an additional 1,548,077 shares in the last quarter. OZ Management LP purchased a new stake in shares of Anthem in the 1st quarter valued at approximately $192,493,000. FMR LLC lifted its position in shares of Anthem by 8.2% in the 1st quarter. FMR LLC now owns 12,335,115 shares of the company’s stock valued at $2,039,982,000 after acquiring an additional 934,509 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Anthem by 177.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock valued at $238,783,000 after acquiring an additional 811,537 shares in the last quarter. 87.69% of the stock is owned by institutional investors and hedge funds.
In other news, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $197.00, for a total value of $4,161,625.00. Following the sale, the insider now directly owns 87,668 shares in the company, valued at $17,270,596. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of Anthem 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 completion of the sale, the executive vice president now owns 26,571 shares in the company, valued at $5,081,703.75. The disclosure for this sale can be found here. Insiders sold 30,776 shares of company stock worth $6,007,143 over the last quarter. 0.36% of the stock is owned by corporate insiders.
ANTM has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a research report on Thursday, August 24th. BidaskClub downgraded shares of Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Bank of America Corporation upped their price target on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Citigroup Inc. restated a “buy” rating and issued a $205.00 price target on shares of Anthem in a research report on Wednesday, June 28th. Finally, Morgan Stanley initiated coverage on shares of Anthem in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price target for the company. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and an average price target of $183.44.
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Anthem, Inc. (NYSE ANTM) opened at 186.87 on Friday. The firm has a market cap of $49.07 billion, a price-to-earnings ratio of 17.67 and a beta of 0.70. The stock’s 50 day moving average is $191.72 and its 200 day moving average is $181.61. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $198.98.
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 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.25 billion. During the same quarter in the previous year, the firm posted $3.33 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. Equities research analysts expect that Anthem, Inc. will post $11.83 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a $0.70 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a yield of 1.50%. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is presently 26.52%.
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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