Atria Investments LLC increased its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,152 shares of the company’s stock after buying an additional 560 shares during the quarter. Atria Investments LLC’s holdings in Anthem were worth $5,403,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its stake in Anthem by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,686,564 shares of the company’s stock worth $4,553,842,000 after acquiring an additional 715,968 shares during the last quarter. Capital International Investors increased its stake in Anthem by 4.3% during the first quarter. Capital International Investors now owns 4,364,482 shares of the company’s stock worth $1,566,857,000 after acquiring an additional 180,270 shares during the last quarter. Baillie Gifford & Co. increased its stake in Anthem by 2.7% during the second quarter. Baillie Gifford & Co. now owns 4,030,334 shares of the company’s stock worth $1,538,780,000 after acquiring an additional 106,248 shares during the last quarter. Geode Capital Management LLC increased its stake in Anthem by 1.6% during the first quarter. Geode Capital Management LLC now owns 3,789,223 shares of the company’s stock worth $1,356,155,000 after acquiring an additional 60,325 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Anthem by 3.0% during the first quarter. Alliancebernstein L.P. now owns 3,697,744 shares of the company’s stock worth $1,327,305,000 after acquiring an additional 106,902 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.
In related news, Director Ryan M. Schneider acquired 1,300 shares of the stock in a transaction dated Friday, July 23rd. The shares were bought at an average cost of $384.36 per share, for a total transaction of $499,668.00. Following the purchase, the director now owns 4,714 shares in the company, valued at approximately $1,811,873.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.28% of the company’s stock.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Tuesday, July 20th. The company reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.69. Anthem had a return on equity of 15.24% and a net margin of 3.27%. The firm had revenue of $33.28 billion for the quarter, compared to analyst estimates of $33.22 billion. During the same period in the previous year, the company posted $9.20 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts expect that Anthem, Inc. will post 25.6 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 10th will be paid a $1.13 dividend. The ex-dividend date is Thursday, September 9th. This represents a $4.52 annualized dividend and a dividend yield of 1.23%. Anthem’s dividend payout ratio is currently 20.11%.
Several brokerages have commented on ANTM. Cantor Fitzgerald upped their price target on Anthem from $430.00 to $455.00 and gave the stock an “overweight” rating in a research note on Thursday, July 22nd. Seaport Res Ptn reissued a “buy” rating on shares of Anthem in a report on Friday, July 9th. Stephens lifted their target price on Anthem from $430.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, July 22nd. Barclays lifted their price target on Anthem from $425.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, July 22nd. Finally, Wells Fargo & Company initiated coverage on Anthem in a research report on Monday, May 24th. They set an “overweight” rating and a $460.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $419.76.
Anthem, Inc provides life, hospital and medical insurance plans. It offers a broad spectrum of network-based managed care health benefit plans to the large and small employer, individual, Medicaid, and Medicare markets. The company operates through the following segments: Commercial & Specialty Business, Government Business, IngenioRx and Other.
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