Anthem, Inc. (ANTM) Holdings Lessened by Palladium Partners LLC
Palladium Partners LLC reduced its holdings in Anthem, Inc. (NYSE:ANTM) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,108 shares of the company’s stock after selling 606 shares during the quarter. Palladium Partners LLC’s holdings in Anthem were worth $7,235,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Commonwealth Equity Services Inc grew its holdings in shares of Anthem by 3.4% during the third quarter. Commonwealth Equity Services Inc now owns 24,351 shares of the company’s stock worth $4,623,000 after buying an additional 790 shares in the last quarter. British Airways Pensions Investment Management Ltd grew its holdings in shares of Anthem by 9.4% during the third quarter. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company’s stock worth $36,380,000 after buying an additional 16,403 shares in the last quarter. Commerce Bank grew its holdings in shares of Anthem by 2.0% during the third quarter. Commerce Bank now owns 12,330 shares of the company’s stock worth $2,341,000 after buying an additional 242 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Anthem by 1.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 27,338 shares of the company’s stock worth $5,191,000 after buying an additional 418 shares in the last quarter. Finally, Sector Gamma AS grew its holdings in shares of Anthem by 1.8% during the third quarter. Sector Gamma AS now owns 182,610 shares of the company’s stock worth $34,674,000 after buying an additional 3,200 shares in the last quarter. Institutional investors own 88.91% of the company’s stock.
Anthem, Inc. (ANTM) traded down $0.25 during trading hours on Thursday, reaching $218.20. The company had a trading volume of 1,190,700 shares, compared to its average volume of 1,590,724. The firm has a market cap of $56,730.00, a PE ratio of 17.53, a P/E/G ratio of 1.71 and a beta of 0.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51. Anthem, Inc. has a 1-year low of $135.00 and a 1-year high of $220.75.
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 the Thomson Reuters’ consensus estimate of $2.40 by $0.25. The business 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%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $2.45 EPS. equities research analysts predict that Anthem, Inc. will post 11.97 earnings per share for the current fiscal year.
The company 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 dividend of $0.70 per share. The ex-dividend date is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.28%. Anthem’s payout ratio is currently 25.32%.
Several brokerages recently commented on ANTM. Jefferies Group LLC increased their price target on Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a research report on Wednesday, September 20th. Morgan Stanley increased their price target on Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. Credit Suisse Group began coverage on Anthem in a research report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 price target for the company. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $215.00 price target on shares of Anthem in a research report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $197.69.
In other Anthem news, Director Julie A. Hill sold 1,602 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $215.70, for a total transaction of $345,551.40. Following the transaction, the director now owns 35,322 shares in the company, valued at approximately $7,618,955.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ronald W. Penczek sold 978 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total value of $212,636.76. Following the transaction, the senior vice president now owns 1,222 shares in the company, valued at approximately $265,687.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,955 shares of company stock valued at $13,179,953. 0.36% of the stock is currently owned by insiders.
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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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