Coastline Trust Co lowered its holdings in shares of Anthem Inc (NYSE:ANTM) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,720 shares of the company’s stock after selling 630 shares during the period. Anthem makes up 0.8% of Coastline Trust Co’s investment portfolio, making the stock its 29th largest holding. Coastline Trust Co’s holdings in Anthem were worth $5,404,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Financial Gravity Wealth Inc. purchased a new position in shares of Anthem during the first quarter valued at approximately $103,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Anthem during the third quarter valued at approximately $108,000. Flagship Harbor Advisors LLC purchased a new position in shares of Anthem during the second quarter valued at approximately $120,000. Kaizen Advisory LLC increased its holdings in Anthem by 139.2% during the second quarter. Kaizen Advisory LLC now owns 598 shares of the company’s stock valued at $142,000 after buying an additional 348 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in Anthem during the second quarter valued at approximately $142,000. 86.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of ANTM traded up $1.16 during mid-day trading on Wednesday, reaching $279.58. The stock had a trading volume of 66,412 shares, compared to its average volume of 1,370,560. The firm has a market cap of $71.24 billion, a P/E ratio of 22.98, a PEG ratio of 1.49 and a beta of 0.92. Anthem Inc has a 12 month low of $183.69 and a 12 month high of $280.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.52 and a quick ratio of 1.52.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, July 25th. The company reported $4.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.16 by $0.09. The business had revenue of $22.71 billion during the quarter, compared to analyst estimates of $22.66 billion. Anthem had a net margin of 4.79% and a return on equity of 13.28%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.37 earnings per share. Equities analysts anticipate that Anthem Inc will post 15.48 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Monday, September 10th were given a $0.75 dividend. The ex-dividend date was Friday, September 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.07%. Anthem’s payout ratio is currently 24.92%.
In related news, EVP Peter D. Haytaian sold 4,500 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $270.00, for a total transaction of $1,215,000.00. Following the completion of the transaction, the executive vice president now owns 51,206 shares in the company, valued at $13,825,620. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Craig E. Samitt sold 19,541 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,145,004.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,488 shares of company stock valued at $8,027,655. Company insiders own 0.31% of the company’s stock.
ANTM has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $316.00 target price on shares of Anthem in a report on Friday, October 12th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $275.00 target price on shares of Anthem in a report on Wednesday, July 25th. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $274.00 target price for the company in a report on Wednesday, June 20th. Finally, Morgan Stanley upped their target price on shares of Anthem from $269.00 to $273.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $274.21.
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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