Lourd Capital LLC Takes Position in Anthem Inc (ANTM)
Lourd Capital LLC bought a new position in shares of Anthem Inc (NYSE:ANTM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 965 shares of the company’s stock, valued at approximately $264,000.
A number of other hedge funds also recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in Anthem by 1.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 41,573 shares of the company’s stock valued at $11,392,000 after buying an additional 440 shares during the period. Financial Advisory Group bought a new stake in Anthem in the 3rd quarter valued at $223,000. Atria Investments LLC increased its holdings in Anthem by 5.5% in the 3rd quarter. Atria Investments LLC now owns 5,823 shares of the company’s stock valued at $1,596,000 after buying an additional 301 shares during the period. Visionary Asset Management Inc. bought a new stake in Anthem in the 3rd quarter valued at $223,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Anthem in the 3rd quarter valued at $332,000. 86.70% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on ANTM shares. Credit Suisse Group boosted their price target on shares of Anthem from $284.00 to $311.00 and gave the company an “outperform” rating in a report on Tuesday, September 4th. Citigroup lowered shares of Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price target on the stock. in a report on Monday, September 10th. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Jefferies Financial Group restated a “buy” rating and issued a $296.00 target price on shares of Anthem in a research note on Thursday, July 26th. Finally, Morgan Stanley upgraded shares of Anthem from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $273.00 to $368.00 in a research note on Wednesday, September 5th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Anthem has an average rating of “Buy” and a consensus target price of $274.21.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 25th. The company reported $4.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.16 by $0.09. Anthem had a net margin of 4.79% and a return on equity of 13.28%. The company had revenue of $22.71 billion for the quarter, compared to the consensus estimate of $22.66 billion. During the same quarter in the previous year, the company earned $3.37 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts forecast that Anthem Inc will post 15.48 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 25th. Investors of record on Monday, September 10th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 7th. This represents a $3.00 annualized dividend and a yield of 1.11%. Anthem’s dividend payout ratio (DPR) is 24.92%.
In related news, Director Julie A. Hill sold 248 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $267.01, for a total transaction of $66,218.48. Following the transaction, the director now owns 34,827 shares in the company, valued at approximately $9,299,157.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Craig E. Samitt sold 19,541 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $246.68, for a total transaction of $4,820,373.88. Following the transaction, the executive vice president now owns 20,857 shares in the company, valued at approximately $5,145,004.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,488 shares of company stock worth $8,027,655. 0.31% of the stock is owned by corporate insiders.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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