Sterling Capital Management LLC reduced its stake in Anthem Inc (NYSE:ANTM) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 303,668 shares of the company’s stock after selling 9,917 shares during the quarter. Sterling Capital Management LLC owned 0.12% of Anthem worth $72,282,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in ANTM. Financial Gravity Wealth Inc. purchased a new stake in shares of Anthem in the first quarter valued at approximately $103,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Anthem in the second quarter valued at approximately $120,000. ClariVest Asset Management LLC boosted its stake in shares of Anthem by 884.4% in the first quarter. ClariVest Asset Management LLC now owns 630 shares of the company’s stock valued at $139,000 after buying an additional 566 shares in the last quarter. Kaizen Advisory LLC boosted its stake in shares of Anthem by 139.2% in 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Anthem by 47.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 638 shares of the company’s stock valued at $152,000 after buying an additional 205 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.
In other Anthem news, EVP Peter D. Haytaian sold 2,936 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $270.00, for a total transaction of $792,720.00. Following the completion of the sale, the executive vice president now owns 58,642 shares of the company’s stock, valued at $15,833,340. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julie A. Hill sold 248 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $267.01, for a total value of $66,218.48. Following the sale, the director now directly owns 34,827 shares of the company’s stock, valued at approximately $9,299,157.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,988 shares of company stock valued at $6,812,655. Company insiders own 0.31% of the company’s stock.
NYSE ANTM opened at $268.90 on Monday. Anthem Inc has a fifty-two week low of $179.40 and a fifty-two week high of $273.14. The firm has a market capitalization of $70.68 billion, a PE ratio of 22.33, a P/E/G ratio of 1.48 and a beta of 0.90. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.61.
Anthem (NYSE:ANTM) last released 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. Anthem had a return on equity of 13.28% and a net margin of 4.79%. The company had revenue of $22.71 billion during the quarter, compared to analysts’ expectations of $22.66 billion. During the same period in the previous year, the firm posted $3.37 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. research analysts predict that Anthem Inc will post 15.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Monday, September 10th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, September 7th. Anthem’s dividend payout ratio is currently 24.92%.
ANTM has been the topic of a number of analyst reports. Credit Suisse Group lifted their price target on Anthem from $284.00 to $311.00 and gave the company an “outperform” rating in a research note on Tuesday, September 4th. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Morgan Stanley raised Anthem from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $273.00 to $368.00 in a report on Wednesday, September 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $296.00 price objective on shares of Anthem in a report on Thursday, July 26th. Finally, BMO Capital Markets raised Anthem from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $275.00 to $290.00 in a report on Monday, July 9th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Anthem presently has an average rating of “Buy” and an average target price of $270.07.
Anthem Company Profile
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.
Read More: Book Value Per Share – BVPS
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.