Benedict Financial Advisors Inc. reduced its position in Anthem Inc (NYSE:ANTM) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,733 shares of the company’s stock after selling 145 shares during the period. Benedict Financial Advisors Inc.’s holdings in Anthem were worth $2,337,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Squar Milner Financial Services LLC purchased a new stake in Anthem in the 2nd quarter valued at $28,000. Next Capital Management LLC purchased a new stake in Anthem in the 2nd quarter valued at $30,000. Motco purchased a new stake in Anthem in the 2nd quarter valued at $31,000. NuWave Investment Management LLC raised its position in Anthem by 46.3% in the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock valued at $34,000 after buying an additional 38 shares during the last quarter. Finally, Clean Yield Group purchased a new stake in Anthem in the 2nd quarter valued at $36,000. Institutional investors own 89.09% of the company’s stock.
In related news, EVP Peter D. Haytaian sold 9,586 shares of Anthem stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $269.57, for a total value of $2,584,098.02. Following the completion of the sale, the executive vice president now owns 42,488 shares of the company’s stock, valued at approximately $11,453,490.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.17% of the company’s stock.
A number of equities research analysts recently commented on ANTM shares. Credit Suisse Group lowered their price target on Anthem from $345.00 to $340.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Mizuho started coverage on Anthem in a research report on Thursday, October 17th. They issued a “neutral” rating and a $262.00 price target for the company. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating and set a $289.00 price target for the company. in a research report on Monday, August 19th. ValuEngine lowered Anthem from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Deutsche Bank assumed coverage on Anthem in a research report on Thursday, September 12th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. Anthem presently has a consensus rating of “Buy” and a consensus target price of $319.72.
Shares of Anthem stock opened at $277.32 on Thursday. Anthem Inc has a 1 year low of $227.16 and a 1 year high of $317.99. The firm has a market cap of $68.65 billion, a PE ratio of 17.45, a P/E/G ratio of 1.00 and a beta of 0.74. The stock has a fifty day moving average price of $251.78 and a 200-day moving average price of $270.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.70 and a quick ratio of 1.70.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 23rd. The company reported $4.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.05. Anthem had a return on equity of 15.59% and a net margin of 4.29%. The firm had revenue of $26.44 billion during the quarter, compared to analyst estimates of $25.88 billion. During the same period last year, the firm posted $3.81 EPS. The business’s revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Anthem Inc will post 19.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, December 4th. Anthem’s dividend payout ratio (DPR) is currently 20.14%.
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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