Anthem, Inc. (ANTM) Position Reduced by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. trimmed its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 17.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,383 shares of the company’s stock after selling 12,177 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Anthem were worth $10,798,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Profund Advisors LLC boosted its holdings in shares of Anthem by 4.4% in the 2nd quarter. Profund Advisors LLC now owns 11,032 shares of the company’s stock worth $2,075,000 after purchasing an additional 464 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of Anthem in the 2nd quarter worth about $2,728,000. Stevens Capital Management LP purchased a new position in shares of Anthem in the 2nd quarter worth about $23,766,000. BT Investment Management Ltd purchased a new position in shares of Anthem in the 2nd quarter worth about $8,074,000. Finally, BlueMountain Capital Management LLC boosted its holdings in shares of Anthem by 12,287.7% in the 2nd quarter. BlueMountain Capital Management LLC now owns 596,715 shares of the company’s stock worth $112,260,000 after purchasing an additional 591,898 shares in the last quarter. Institutional investors and hedge funds own 87.65% of the company’s stock.
Anthem, Inc. (ANTM) opened at 183.50 on Friday. The company has a market cap of $48.18 billion, a price-to-earnings ratio of 17.35 and a beta of 0.70. The firm’s 50-day moving average price is $191.59 and its 200-day moving average price is $182.25. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $198.98.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $3.33 earnings per share. On average, equities analysts anticipate that Anthem, Inc. will post $11.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, September 7th. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is 26.52%.
In other Anthem news, Director Julie A. Hill sold 524 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was 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 owns 36,924 shares in the company, valued at $7,045,099.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Swedish sold 21,125 shares of the business’s 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 transaction, the insider now owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The disclosure for this sale can be found here. Insiders have sold 30,776 shares of company stock valued at $6,007,143 in the last 90 days. Company insiders own 0.36% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morgan Stanley upped their price objective on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. Bank of America Corporation upped 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. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $204.00 price objective on shares of Anthem in a report on Friday, July 14th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $181.95.
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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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