Palo Capital Inc. cut its position in shares of Anthem, Inc. (NYSE:ANTM) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,155 shares of the company’s stock after selling 153 shares during the period. Anthem makes up about 2.4% of Palo Capital Inc.’s portfolio, making the stock its 2nd largest position. Palo Capital Inc.’s holdings in Anthem were worth $4,168,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in ANTM. Dodge & Cox bought a new position in Anthem during the fourth quarter worth $432,031,000. Quadrature Capital Ltd bought a new position in Anthem during the fourth quarter worth $1,891,000. Orbis Allan Gray Ltd boosted its position in Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock worth $448,585,000 after buying an additional 996,248 shares during the last quarter. RMB Capital Management LLC boosted its position in Anthem by 39.7% in the fourth quarter. RMB Capital Management LLC now owns 2,933 shares of the company’s stock worth $422,000 after buying an additional 833 shares during the last quarter. Finally, Garde Capital Inc. bought a new position in Anthem during the fourth quarter worth $266,000. Institutional investors and hedge funds own 89.81% of the company’s stock.
Shares of Anthem, Inc. (NYSE ANTM) opened at 189.43 on Friday. The stock has a market cap of $49.74 billion, a P/E ratio of 17.91 and a beta of 0.73. The firm has a 50 day moving average of $189.83 and a 200 day moving average of $176.05. Anthem, Inc. has a one year low of $114.85 and a one year high of $194.94.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.33 EPS. On average, equities research analysts predict that Anthem, Inc. will post $11.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio is presently 24.62%.
Several equities research analysts have recently issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $183.00 price target (up from $177.00) on shares of Anthem in a research note on Sunday, April 23rd. Cantor Fitzgerald reiterated a “hold” rating and set a $165.00 price target on shares of Anthem in a research note on Monday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $183.00 price target (up from $179.00) on shares of Anthem in a research note on Thursday, April 27th. Deutsche Bank AG lifted their price target on shares of Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Sanford C. Bernstein lifted their price target on shares of Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $180.00.
In other Anthem news, Director Julie A. Hill sold 555 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total transaction of $100,210.80. Following the transaction, the director now owns 37,448 shares in the company, valued at approximately $6,761,610.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the transaction, the executive vice president now owns 26,571 shares in the company, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. In the last three months, insiders sold 13,754 shares of company stock valued at $2,595,073. 0.36% of the stock is currently owned by insiders.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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