Auxier Asset Management lowered its stake in shares of Anthem Inc (NYSE:ANTM) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,746 shares of the company’s stock after selling 413 shares during the period. Anthem accounts for 2.4% of Auxier Asset Management’s holdings, making the stock its 8th biggest position. Auxier Asset Management’s holdings in Anthem were worth $11,841,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Financial Gravity Wealth Inc. acquired a new position in shares of Anthem during the 1st quarter worth approximately $103,000. Flagship Harbor Advisors LLC acquired a new position in shares of Anthem during the 2nd quarter worth approximately $120,000. Centaurus Financial Inc. acquired a new position in shares of Anthem during the 2nd quarter worth approximately $142,000. Kaizen Advisory LLC increased its holdings in shares of Anthem by 139.2% during the 2nd quarter. Kaizen Advisory LLC now owns 598 shares of the company’s stock worth $142,000 after acquiring an additional 348 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its holdings in shares of Anthem by 884.4% during the 1st quarter. ClariVest Asset Management LLC now owns 630 shares of the company’s stock worth $139,000 after acquiring an additional 566 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.
A number of research analysts recently weighed in on ANTM shares. Credit Suisse Group boosted their target price on Anthem from $284.00 to $311.00 and gave the stock an “outperform” rating in a report on Tuesday, September 4th. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Citigroup lowered Anthem from a “buy” rating to a “neutral” rating and set a $162.00 target price on the stock. in a report on Monday. Morgan Stanley raised Anthem from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $273.00 to $368.00 in a report on Wednesday, September 5th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $296.00 target price on shares of Anthem in a report on Thursday, July 26th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $270.07.
In other Anthem news, CAO Ronald W. Penczek sold 763 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $265.56, for a total value of $202,622.28. Following the transaction, the chief accounting officer now directly owns 1,334 shares of the company’s stock, valued at approximately $354,257.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter D. Haytaian sold 2,936 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $270.00, for a total value of $792,720.00. Following the completion of the transaction, the executive vice president now directly owns 58,642 shares in the company, valued at $15,833,340. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,988 shares of company stock worth $6,812,655. Insiders own 0.31% of the company’s stock.
Shares of NYSE ANTM opened at $270.34 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.61. Anthem Inc has a one year low of $179.40 and a one year high of $273.14. The firm has a market capitalization of $68.67 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.44 and a beta of 0.90.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 25th. The company reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $4.16 by $0.09. Anthem had a return on equity of 13.28% and a net margin of 4.79%. The firm had revenue of $22.71 billion for the quarter, compared to analyst estimates of $22.66 billion. During the same period in the prior year, the firm posted $3.37 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. equities analysts forecast that Anthem Inc will post 15.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Monday, September 10th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, September 7th. Anthem’s dividend payout ratio is 24.92%.
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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