Anthem, Inc. (ANTM) Shares Sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. trimmed its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 936,813 shares of the company’s stock after selling 13,700 shares during the quarter. Russell Investments Group Ltd. owned 0.36% of Anthem worth $177,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Captrust Financial Advisors purchased a new stake in Anthem during the 2nd quarter valued at about $128,000. Salem Investment Counselors Inc. grew its stake in Anthem by 1.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares during the last quarter. Harding Loevner LP purchased a new stake in Anthem during the 2nd quarter valued at about $151,000. Krilogy Financial LLC purchased a new stake in Anthem during the 2nd quarter valued at about $160,000. Finally, Cedar Wealth Management LLC grew its stake in Anthem by 1.7% during the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 88.91% of the company’s stock.
Anthem, Inc. (ANTM) traded up $0.32 during midday trading on Wednesday, reaching $218.77. The company had a trading volume of 543,467 shares, compared to its average volume of 1,592,542. The firm has a market cap of $56,091.90, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77. Anthem, Inc. has a 12 month low of $135.00 and a 12 month high of $220.75. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.25. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. Anthem had a return on equity of 12.97% and a net margin of 3.35%. Anthem’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.45 EPS. equities analysts anticipate that Anthem, Inc. will post 11.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a yield of 1.28%. Anthem’s payout ratio is 25.32%.
Several research firms have weighed in on ANTM. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a research note on Tuesday, November 7th. Credit Suisse Group began coverage on Anthem in a research note on Thursday, November 2nd. They set an “outperform” rating and a $234.00 price target on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $226.00 price target on shares of Anthem in a research note on Thursday, October 26th. Morgan Stanley boosted their price target on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Finally, BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $197.69.
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In other Anthem news, SVP Ronald W. Penczek sold 978 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total transaction of $212,636.76. Following the completion of the transaction, the senior vice president now owns 1,222 shares of the company’s stock, valued at $265,687.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julie A. Hill sold 1,602 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total value of $345,551.40. Following the transaction, the director now directly owns 35,322 shares of the company’s stock, valued at approximately $7,618,955.40. The disclosure for this sale can be found here. Insiders sold a total of 65,955 shares of company stock valued at $13,179,953 in the last ninety days. 0.36% of the stock is currently owned by insiders.
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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