Vestmark Advisory Solutions Inc. increased its position in shares of Anthem Inc (NYSE:ANTM) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,561 shares of the company’s stock after acquiring an additional 99 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Anthem were worth $441,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Squar Milner Financial Services LLC acquired a new position in shares of Anthem in the 2nd quarter valued at about $28,000. Next Capital Management LLC acquired a new position in shares of Anthem in the 2nd quarter valued at about $30,000. Motco acquired a new position in shares of Anthem in the 2nd quarter valued at about $31,000. NuWave Investment Management LLC boosted its holdings in shares of Anthem by 46.3% in the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock valued at $34,000 after buying an additional 38 shares during the period. Finally, Clean Yield Group acquired a new position in shares of Anthem in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.
Several research firms have recently commented on ANTM. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating and set a $289.00 price target for the company. in a report on Monday, August 19th. ValuEngine lowered shares of Anthem from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Wells Fargo & Co reiterated a “buy” rating on shares of Anthem in a research report on Friday, July 26th. Deutsche Bank assumed coverage on shares of Anthem in a research report on Thursday, September 12th. They issued a “buy” rating on the stock. Finally, Morgan Stanley cut their price objective on shares of Anthem from $371.00 to $356.00 and set an “overweight” rating on the stock in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $324.86.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 earnings per share for the quarter, beating the Zacks’ 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%. Anthem’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $4.25 EPS. As a group, sell-side analysts forecast that Anthem Inc will post 19.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $3.20 annualized dividend and a yield of 1.35%. Anthem’s payout ratio is 20.14%.
In other news, Director Robert L. Dixon, Jr. sold 520 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $294.11, for a total value of $152,937.20. Following the completion of the transaction, the director now owns 9,971 shares in the company, valued at approximately $2,932,570.81. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is owned by company insiders.
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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