Landscape Capital Management L.L.C. acquired a new position in Anthem Inc (NYSE:ANTM) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,698 shares of the company’s stock, valued at approximately $479,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANTM. Squar Milner Financial Services LLC bought a new position in Anthem during the second quarter valued at approximately $28,000. Next Capital Management LLC bought a new position in Anthem during the second quarter valued at approximately $30,000. Destination Wealth Management bought a new position in Anthem during the first quarter valued at approximately $31,000. Motco bought a new position in Anthem during the second quarter valued at approximately $31,000. Finally, Lee Financial Co bought a new position in Anthem during the first quarter valued at approximately $32,000. 87.53% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:ANTM traded up $1.43 during trading on Friday, hitting $275.54. The company had a trading volume of 769,600 shares, compared to its average volume of 1,294,190. The stock has a market cap of $70.12 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. Anthem Inc has a one year low of $227.16 and a one year high of $317.99. The company has a fifty day simple moving average of $291.98 and a two-hundred day simple moving average of $286.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.64 and a quick ratio of 1.64.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, September 9th. Anthem’s payout ratio is 20.14%.
In other news, EVP Thomas C. Zielinski sold 8,826 shares of the stock in a transaction that occurred 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 directly owns 33,183 shares in the company, valued at $9,421,317.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ramiro G. Peru sold 1,656 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $275.00, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 11,765 shares of company stock valued at $3,327,092 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.
A number of brokerages recently commented on ANTM. Morgan Stanley increased their price target on Anthem from $359.00 to $371.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Citigroup raised Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price target for the company in a research note on Friday, May 10th. Barclays increased their price target on Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. SunTrust Banks dropped their price target on Anthem to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $360.00 price target on shares of Anthem in a research note on Sunday, April 21st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $325.67.
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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