Scotia Capital Inc. raised its stake in shares of Anthem Inc (NYSE:ANTM) by 80.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,859 shares of the company’s stock after purchasing an additional 7,061 shares during the period. Scotia Capital Inc.’s holdings in Anthem were worth $4,476,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANTM. Squar Milner Financial Services LLC bought a new position in shares of Anthem in the 2nd quarter valued at about $28,000. Next Capital Management LLC bought a new position in shares of Anthem in the 2nd quarter valued at about $30,000. Motco bought a new position in shares of Anthem in the 2nd quarter valued at about $31,000. NuWave Investment Management LLC lifted 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 acquiring an additional 38 shares during the last quarter. Finally, Cable Hill Partners LLC lifted its holdings in shares of Anthem by 77.5% in the 1st quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 55 shares during the last quarter. 89.26% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on ANTM shares. ValuEngine downgraded shares of Anthem from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Wells Fargo & Co reaffirmed a “buy” rating on shares of Anthem in a report on Friday, July 26th. Zacks Investment Research downgraded 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. Morgan Stanley increased their price target on shares of Anthem from $359.00 to $371.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Finally, Deutsche Bank began coverage on shares of Anthem in a report on Thursday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $325.40.
NYSE ANTM traded up $6.80 during trading on Friday, hitting $254.96. The stock had a trading volume of 118,858 shares, compared to its average volume of 1,422,599. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $63.48 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 0.93 and a beta of 0.74. Anthem Inc has a one year low of $227.16 and a one year high of $317.99. The stock has a 50 day simple moving average of $274.20 and a 200 day simple moving average of $280.84.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 24th. The company reported $4.64 EPS for the quarter, topping the Zacks’ consensus estimate of $4.61 by $0.03. The business had revenue of $25.20 billion for the quarter, compared to analyst estimates of $24.88 billion. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $4.25 earnings per share. On average, sell-side analysts predict that Anthem Inc will post 19.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Monday, September 9th. Anthem’s dividend payout ratio (DPR) is presently 20.14%.
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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