Biltmore Wealth Management LLC cut its stake in shares of Anthem, Inc. (NYSE:ANTM) by 6.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,030 shares of the company’s stock after selling 129 shares during the quarter. Anthem makes up approximately 0.3% of Biltmore Wealth Management LLC’s portfolio, making the stock its 21st biggest position. Biltmore Wealth Management LLC’s holdings in Anthem were worth $534,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Anthem by 91.9% in the second quarter. Nordea Investment Management AB now owns 4,605,378 shares of the company’s stock valued at $1,184,918,000 after acquiring an additional 2,204,964 shares during the period. Capital International Investors boosted its holdings in shares of Anthem by 16.3% in the first quarter. Capital International Investors now owns 8,118,139 shares of the company’s stock valued at $1,843,144,000 after acquiring an additional 1,139,145 shares during the period. FMR LLC boosted its holdings in shares of Anthem by 6.4% in the second quarter. FMR LLC now owns 7,979,410 shares of the company’s stock valued at $2,098,425,000 after acquiring an additional 477,208 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Anthem by 102.5% in the second quarter. Two Sigma Advisers LP now owns 824,562 shares of the company’s stock valued at $216,843,000 after acquiring an additional 417,300 shares during the period. Finally, Holocene Advisors LP boosted its holdings in shares of Anthem by 245.3% in the second quarter. Holocene Advisors LP now owns 557,912 shares of the company’s stock valued at $146,720,000 after acquiring an additional 396,348 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.
ANTM opened at $296.87 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.58. The firm has a market cap of $74.66 billion, a P/E ratio of 12.90, a PEG ratio of 0.91 and a beta of 0.92. Anthem, Inc. has a 52 week low of $171.03 and a 52 week high of $309.10. The business’s fifty day simple moving average is $272.10 and its 200 day simple moving average is $268.63.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Wednesday, September 9th. Anthem’s payout ratio is 19.55%.
In other Anthem news, EVP Peter D. Haytaian sold 4,667 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $280.00, for a total value of $1,306,760.00. Following the sale, the executive vice president now directly owns 41,177 shares of the company’s stock, valued at approximately $11,529,560. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.
ANTM has been the subject of several analyst reports. Royal Bank of Canada upped their price target on Anthem from $319.00 to $331.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft cut their price target on Anthem from $362.00 to $349.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Jefferies Financial Group upped their price target on Anthem from $271.00 to $281.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. Finally, SVB Leerink upped their price target on Anthem from $325.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $341.79.
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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