Westpac Banking Corp lowered its position in Anthem Inc (NYSE:ANTM) by 16.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,127 shares of the company’s stock after selling 7,506 shares during the period. Westpac Banking Corp’s holdings in Anthem were worth $11,042,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of ANTM. Horan Capital Advisors LLC. purchased a new position in Anthem during the first quarter valued at $52,000. Cable Hill Partners LLC increased its stake in Anthem by 77.5% during the first quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Wade G W & Inc. bought a new stake in Anthem during the first quarter worth approximately $274,000. Evolution Wealth Advisors LLC bought a new position in shares of Anthem during the second quarter valued at approximately $55,000. Finally, Wealthfront Advisers LLC grew its stake in shares of Anthem by 22.7% during the first quarter. Wealthfront Advisers LLC now owns 7,098 shares of the company’s stock valued at $2,037,000 after buying an additional 1,314 shares during the last quarter. 87.53% of the stock is owned by institutional investors.
Shares of NYSE ANTM traded down $10.64 during trading hours on Wednesday, reaching $276.26. The stock had a trading volume of 51,460 shares, compared to its average volume of 1,739,748. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The firm has a market cap of $72.37 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.06 and a beta of 0.71. The company has a fifty day moving average price of $292.38. Anthem Inc has a 52-week low of $227.16 and a 52-week high of $317.99.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be issued a $0.80 dividend. The ex-dividend date is Monday, September 9th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.16%. Anthem’s payout ratio is 20.14%.
A number of research analysts have recently commented on ANTM shares. Cantor Fitzgerald reaffirmed a “buy” rating and set a $360.00 target price on shares of Anthem in a research note on Sunday, April 21st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Anthem in a research note on Friday, July 26th. Morgan Stanley upped their target price on Anthem from $359.00 to $371.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Barclays upped their target price on Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, UBS Group started coverage on Anthem in a research note on Tuesday, April 23rd. They set a “buy” rating and a $294.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $325.67.
In other Anthem news, Director Ramiro G. Peru sold 1,656 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $275.00, for a total transaction of $455,400.00. Following the completion of the sale, the director now owns 11,173 shares in the company, valued at $3,072,575. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thomas C. Zielinski sold 8,826 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $283.92, for a total value of $2,505,877.92. Following the sale, the executive vice president now owns 33,183 shares of the company’s stock, valued at approximately $9,421,317.36. The disclosure for this sale can be found here. Insiders sold 11,765 shares of company stock valued at $3,327,092 in the last quarter. 0.17% of the stock is owned by company insiders.
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.
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