Keybank National Association OH lowered its holdings in Anthem Inc (NYSE:ANTM) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,681 shares of the company’s stock after selling 220 shares during the period. Keybank National Association OH’s holdings in Anthem were worth $2,105,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. WINTON GROUP Ltd grew its stake in Anthem by 138.2% during the third quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock valued at $22,004,000 after acquiring an additional 46,590 shares in the last quarter. Visionary Asset Management Inc. purchased a new position in Anthem during the third quarter valued at approximately $223,000. Diligent Investors LLC purchased a new position in Anthem during the third quarter valued at approximately $200,000. Advisors Asset Management Inc. grew its stake in Anthem by 48.2% during the second quarter. Advisors Asset Management Inc. now owns 15,646 shares of the company’s stock valued at $2,353,000 after acquiring an additional 5,086 shares in the last quarter. Finally, Partner Fund Management L.P. grew its stake in Anthem by 7.0% during the second quarter. Partner Fund Management L.P. now owns 707,244 shares of the company’s stock valued at $168,345,000 after acquiring an additional 46,374 shares in the last quarter. 87.59% of the stock is currently owned by institutional investors.
In related news, EVP Thomas C. Zielinski sold 7,826 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $289.71, for a total transaction of $2,267,270.46. Following the completion of the sale, the executive vice president now directly owns 29,466 shares in the company, valued at approximately $8,536,594.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julie A. Hill sold 500 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $287.25, for a total transaction of $143,625.00. Following the sale, the director now owns 34,327 shares of the company’s stock, valued at $9,860,430.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,525 shares of company stock valued at $6,488,523. Company insiders own 0.31% of the company’s stock.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $3.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.70 by $0.11. The firm had revenue of $22.98 billion during the quarter, compared to analyst estimates of $22.85 billion. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.65 EPS. Equities research analysts expect that Anthem Inc will post 15.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.08%. Anthem’s payout ratio is 24.92%.
A number of equities analysts have commented on ANTM shares. Citigroup cut shares of Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price target for the company. in a research note on Monday, September 10th. Jefferies Financial Group reissued a “buy” rating and issued a $316.00 price target on shares of Anthem in a research note on Friday, October 12th. Morgan Stanley raised shares of Anthem from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $273.00 to $368.00 in a research note on Wednesday, September 5th. Credit Suisse Group boosted their price target on shares of Anthem from $284.00 to $311.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 4th. Finally, Cowen started coverage on shares of Anthem in a research note on Monday, September 17th. They issued an “outperform” rating and a $318.00 price target for the company. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Anthem currently has an average rating of “Buy” and a consensus target price of $294.73.
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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.
See Also: Initial Public Offering (IPO)
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