Piedmont Investment Advisors LLC increased its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,108 shares of the company’s stock after purchasing an additional 2,276 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Anthem were worth $18,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Captrust Financial Advisors bought a new position in shares of Anthem during the second quarter valued at $128,000. Salem Investment Counselors Inc. lifted its holdings in shares of Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Anthem by 33.6% during the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after purchasing an additional 200 shares in the last quarter. Harding Loevner LP bought a new position in shares of Anthem during the second quarter valued at $151,000. Finally, Krilogy Financial LLC bought a new position in shares of Anthem during the second quarter valued at $160,000. 87.65% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $215.00 price target on shares of Anthem in a report on Wednesday, September 20th. Piper Jaffray Companies reissued a “hold” rating and issued a $202.00 target price on shares of Anthem in a report on Wednesday, October 4th. Jefferies Group LLC reissued a “hold” rating and issued a $204.00 target price on shares of Anthem in a report on Sunday, August 20th. BidaskClub downgraded Anthem from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a report on Thursday, September 14th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $187.50.
In other news, Director Julie A. Hill sold 524 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares in the company, valued at $7,045,099.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the sale, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The disclosure for this sale can be found here. Insiders sold 51,901 shares of company stock valued at $10,034,202 over the last 90 days. Company insiders own 0.36% of the company’s stock.
Anthem, Inc. (NYSE:ANTM) traded up 0.23% during trading on Thursday, reaching $190.32. The company’s stock had a trading volume of 774,162 shares. The stock has a 50-day moving average of $190.29 and a 200 day moving average of $184.66. Anthem, Inc. has a one year low of $114.85 and a one year high of $198.98. The firm has a market capitalization of $49.97 billion, a P/E ratio of 18.00 and a beta of 0.71.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. During the same period in the previous year, the business earned $3.33 EPS. Anthem’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Anthem, Inc. will post $11.84 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This is a positive change from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.47%. Anthem’s dividend payout ratio is 26.52%.
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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