Stonebridge Capital Advisors LLC Has $2.75 Million Position in Anthem, Inc. (ANTM)
Stonebridge Capital Advisors LLC trimmed its stake in shares of Anthem, Inc. (NYSE:ANTM) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,600 shares of the company’s stock after selling 520 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Anthem were worth $2,747,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Anthem by 2,873.5% in the 1st quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after acquiring an additional 21,914,321 shares during the last quarter. Wellington Management Group LLP increased its stake in Anthem by 53.5% in the 1st quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock worth $734,810,000 after acquiring an additional 1,548,077 shares during the last quarter. OZ Management LP bought a new position in Anthem in the 1st quarter worth about $192,493,000. Janus Henderson Group PLC increased its stake in Anthem by 2,835.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock worth $218,554,000 after acquiring an additional 1,122,159 shares during the last quarter. Finally, FMR LLC increased its stake in Anthem by 8.2% in the 1st quarter. FMR LLC now owns 12,335,115 shares of the company’s stock worth $2,039,982,000 after acquiring an additional 934,509 shares during the last quarter. Institutional investors own 87.65% of the company’s stock.
Anthem, Inc. (ANTM) traded down 1.45% during trading on Tuesday, hitting $187.97. The stock had a trading volume of 381,334 shares. The company has a 50-day moving average of $190.55 and a 200 day moving average of $184.43. The firm has a market cap of $49.36 billion, a P/E ratio of 17.77 and a beta of 0.71. 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 Thomson Reuters’ 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 firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. During the same period in the previous year, the firm posted $3.33 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Anthem, Inc. will post $11.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.47%. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, September 7th. Anthem’s payout ratio is 26.52%.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 87,668 shares of the company’s stock, valued at $17,270,596. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $99,979.20. Following the sale, the director now directly owns 36,924 shares in the company, valued at $7,045,099.20. The disclosure for this sale can be found here. Insiders sold 51,901 shares of company stock worth $10,034,202 over the last ninety days. Insiders own 0.36% of the company’s stock.
A number of equities analysts have weighed in on the company. Piper Jaffray Companies restated a “hold” rating and issued a $202.00 target price on shares of Anthem in a research note on Wednesday, October 4th. Cowen and Company restated a “buy” rating and issued a $160.00 target price on shares of Anthem in a research note on Thursday, September 21st. Cantor Fitzgerald restated a “buy” rating and issued a $215.00 target price on shares of Anthem in a research note on Wednesday, September 20th. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a research note on Wednesday, September 20th. Finally, BidaskClub lowered Anthem from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Anthem currently has a consensus rating of “Buy” and an average target price of $187.50.
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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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