Gemmer Asset Management LLC cut its holdings in Anthem Inc (NYSE:ANTM) by 21.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239 shares of the company’s stock after selling 66 shares during the quarter. Gemmer Asset Management LLC’s holdings in Anthem were worth $57,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of ANTM. Squar Milner Financial Services LLC purchased a new stake in shares of Anthem during the second quarter worth approximately $28,000. Next Capital Management LLC purchased a new stake in shares of Anthem during the second quarter worth approximately $30,000. Motco purchased a new stake in shares of Anthem during the second quarter worth approximately $31,000. NuWave Investment Management LLC increased its position in shares of Anthem by 46.3% during the second quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares in the last quarter. Finally, Clean Yield Group acquired a new position in Anthem during the second quarter worth $36,000. Institutional investors and hedge funds own 88.28% of the company’s stock.
In other news, Director Robert L. Dixon, Jr. sold 520 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $294.11, for a total value of $152,937.20. Following the transaction, the director now owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.
Shares of Anthem stock opened at $237.55 on Friday. Anthem Inc has a 52 week low of $227.16 and a 52 week high of $317.99. The business’s fifty day simple moving average is $250.09 and its 200-day simple moving average is $272.43. The firm has a market cap of $60.95 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 0.88 and a beta of 0.73. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.57.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $4.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.61 by $0.03. Anthem had a return on equity of 15.02% and a net margin of 4.21%. The business had revenue of $25.20 billion for the quarter, compared to analyst estimates of $24.88 billion. During the same quarter in the prior year, the company posted $4.25 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities analysts expect that Anthem Inc will post 19.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Monday, September 9th. Anthem’s dividend payout ratio (DPR) is presently 20.14%.
A number of equities analysts have weighed in on the company. Wells Fargo & Co reissued a “buy” rating on shares of Anthem in a research note on Friday, July 26th. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating and set a $289.00 price objective on the stock. in a research note on Monday, August 19th. Deutsche Bank assumed coverage on Anthem in a research note on Thursday, September 12th. They set a “buy” rating on the stock. Morgan Stanley lowered their price objective on Anthem from $371.00 to $356.00 and set an “overweight” rating on the stock in a research note on Thursday, September 26th. Finally, ValuEngine lowered Anthem from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. Anthem has a consensus rating of “Buy” and a consensus price target of $324.86.
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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