Julie A. Hill Sells 524 Shares of Anthem, Inc. (ANTM) Stock
Anthem, Inc. (NYSE:ANTM) Director Julie A. Hill sold 524 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares of the company’s stock, valued at $7,045,099.20. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Anthem, Inc. (ANTM) traded down 0.15% on Friday, hitting $189.43. The stock had a trading volume of 1,212,413 shares. The firm’s 50 day moving average is $189.94 and its 200-day moving average is $175.77. The stock has a market capitalization of $49.74 billion, a PE ratio of 17.91 and a beta of 0.73. Anthem, Inc. has a one year low of $114.85 and a one year high of $194.94.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.25 billion. During the same quarter in the prior year, the company posted $3.33 earnings per share. Anthem’s revenue was up 4.3% on a year-over-year basis. Equities research analysts expect that Anthem, Inc. will post $11.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio is presently 24.62%.
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ANTM has been the subject of a number of recent research reports. Cantor Fitzgerald raised Anthem from a “hold” rating to an “overweight” rating and raised their price target for the stock from $165.00 to $210.00 in a research note on Thursday, April 27th. Sanford C. Bernstein raised their price target on Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Deutsche Bank AG raised their price target on Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Citigroup Inc. reaffirmed a “buy” rating and set a $205.00 price target on shares of Anthem in a research note on Wednesday, June 28th. Finally, Morgan Stanley initiated coverage on Anthem in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price target for the company. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $180.00.
Hedge funds have recently added to or reduced their stakes in the company. FTB Advisors Inc. raised its stake in Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after buying an additional 67 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Anthem during the second quarter valued at about $128,000. Westside Investment Management Inc. raised its stake in Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in Anthem during the first quarter valued at about $149,000. Finally, Harding Loevner LP acquired a new stake in Anthem during the second quarter valued at about $151,000. Institutional investors and hedge funds own 89.81% 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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