Dorsey & Whitney Trust CO LLC Has $229,000 Holdings in Anthem, Inc. (ANTM)
Dorsey & Whitney Trust CO LLC cut its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 26.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,212 shares of the company’s stock after selling 425 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Anthem were worth $229,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Anthem by 177.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock worth $238,783,000 after purchasing an additional 811,537 shares during the last quarter. Swiss National Bank increased its holdings in Anthem by 3.3% during the 2nd quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock worth $193,161,000 after purchasing an additional 32,900 shares during the last quarter. Deschutes Portfolio Strategy LLC purchased a new stake in Anthem during the 2nd quarter worth approximately $273,000. Endurant Capital Management LP increased its holdings in Anthem by 99.6% during the 1st quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock worth $9,277,000 after purchasing an additional 27,998 shares during the last quarter. Finally, Union Bankshares Corp increased its holdings in Anthem by 1.4% during the 2nd quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock worth $681,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 87.69% of the company’s stock.
Several research firms have issued reports on ANTM. Morgan Stanley began coverage on Anthem in a report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price objective on the stock. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Thursday. Bank of America Corporation lifted their price objective on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Deutsche Bank AG boosted their price target on Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 13th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $183.44.
In other news, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction that occurred on 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 completion of 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 legal filing with the SEC, which is available at this link. Also, Director Julie A. Hill sold 524 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total value 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 $7,045,099.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,776 shares of company stock valued at $6,007,143. 0.36% of the stock is currently owned by insiders.
Anthem, Inc. (NYSE:ANTM) opened at 186.59 on Friday. The company’s 50-day moving average price is $191.81 and its 200-day moving average price is $181.77. The company has a market capitalization of $49.00 billion, a P/E ratio of 17.64 and a beta of 0.70. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $198.98.
Anthem (NYSE:ANTM) last issued its earnings results 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 return on equity of 12.93% and a net margin of 3.24%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. During the same period in the prior year, the firm posted $3.33 EPS. Anthem’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts forecast 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 issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.50%. Anthem’s dividend payout ratio is presently 26.52%.
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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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