Ossiam lessened its holdings in shares of Anthem Inc (NYSE:ANTM) by 59.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437 shares of the company’s stock after selling 651 shares during the quarter. Ossiam’s holdings in Anthem were worth $123,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Squar Milner Financial Services LLC purchased a new position in Anthem in the 2nd quarter worth approximately $28,000. Next Capital Management LLC purchased a new position in Anthem in the 2nd quarter worth approximately $30,000. Motco purchased a new position in Anthem in the 2nd quarter worth approximately $31,000. NuWave Investment Management LLC increased its stake in Anthem by 46.3% in the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares during the period. Finally, Cable Hill Partners LLC increased its stake in Anthem by 77.5% in the 1st quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock worth $36,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 89.26% of the company’s stock.
ANTM has been the topic of a number of analyst reports. ValuEngine cut Anthem from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating and set a $289.00 price target on the stock. in a research note on Monday, August 19th. Deutsche Bank started coverage on Anthem in a research note on Thursday. They set a “buy” rating on the stock. Wells Fargo & Co reissued a “buy” rating on shares of Anthem in a research note on Friday, July 26th. Finally, Morgan Stanley boosted 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Anthem presently has an average rating of “Buy” and an average price target of $325.40.
Shares of ANTM traded up $5.92 during mid-day trading on Friday, hitting $254.08. 105,532 shares of the company’s stock traded hands, compared to its average volume of 1,422,599. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.57. Anthem Inc has a 1 year low of $227.16 and a 1 year high of $317.99. The firm has a market capitalization of $63.48 billion, a P/E ratio of 16.03, a PEG ratio of 0.93 and a beta of 0.74. The business’s 50-day moving average price is $274.20 and its 200-day moving average price is $280.84.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $4.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.61 by $0.03. The company had revenue of $25.20 billion for the quarter, compared to analysts’ expectations of $24.88 billion. Anthem had a return on equity of 15.02% and a net margin of 4.21%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.25 earnings per share. Sell-side analysts anticipate that Anthem Inc will post 19.35 earnings per share for the current fiscal year.
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 paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.20 annualized dividend and a yield of 1.26%. Anthem’s payout ratio is 20.14%.
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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