Palisades Hudson Asset Management L.P. held its position in Anthem, Inc. (NYSE:ANTM) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,983 shares of the company’s stock at the end of the second quarter. Palisades Hudson Asset Management L.P.’s holdings in Anthem were worth $373,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Anthem by 7.9% in the first quarter. Janney Montgomery Scott LLC now owns 12,263 shares of the company’s stock worth $2,028,000 after buying an additional 895 shares during the period. Adviser Investments LLC purchased a new position in Anthem during the first quarter worth approximately $3,709,000. First Citizens Bank & Trust Co. raised its position in Anthem by 591.7% in the first quarter. First Citizens Bank & Trust Co. now owns 23,296 shares of the company’s stock worth $3,852,000 after buying an additional 19,928 shares during the period. ProShare Advisors LLC raised its position in Anthem by 0.6% in the first quarter. ProShare Advisors LLC now owns 41,322 shares of the company’s stock worth $6,834,000 after buying an additional 266 shares during the period. Finally, Profund Advisors LLC raised its position in Anthem by 6.3% in the first quarter. Profund Advisors LLC now owns 10,568 shares of the company’s stock worth $1,748,000 after buying an additional 627 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Shares of Anthem, Inc. (NYSE:ANTM) traded down 0.33% during midday trading on Friday, hitting $191.32. 110,633 shares of the stock were exchanged. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94. The firm has a market cap of $50.24 billion, a PE ratio of 18.09 and a beta of 0.73. The firm’s 50-day moving average is $190.28 and its 200 day moving average is $177.20.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.33 EPS. On average, analysts forecast that Anthem, Inc. will post $11.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a dividend of $0.70 per share. This is an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio is currently 24.62%.
A number of research firms have recently commented on ANTM. Morgan Stanley raised their price objective on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday. Bank of America Corporation raised their price objective on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and issued a $204.00 price objective on shares of Anthem in a research report on Friday, July 14th. Deutsche Bank AG raised their price objective on shares of Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 13th. Finally, Credit Suisse Group began coverage on shares of Anthem in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Anthem has a consensus rating of “Hold” and an average target price of $181.76.
In other news, Director Julie A. Hill sold 524 shares of the 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 directly owns 36,924 shares in the company, valued at approximately $7,045,099.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total value of $1,745,538.75. Following the transaction, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The disclosure for this sale can be found here. Insiders have sold a total of 13,754 shares of company stock valued at $2,595,073 over the last quarter. Corporate insiders own 0.36% of the company’s stock.
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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