Putnam Investments LLC reduced its stake in shares of Anthem Inc (NYSE:ANTM) by 49.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,669 shares of the company’s stock after selling 64,084 shares during the period. Putnam Investments LLC’s holdings in Anthem were worth $18,814,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ANTM. Squar Milner Financial Services LLC purchased a new position in shares of Anthem during the second quarter worth $28,000. Next Capital Management LLC purchased a new position in shares of Anthem during the second quarter worth $30,000. Motco purchased a new position in shares of Anthem during the second quarter worth $31,000. NuWave Investment Management LLC raised its holdings in shares of Anthem by 46.3% during the second quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares during the last quarter. Finally, Cable Hill Partners LLC raised its holdings in shares of Anthem by 77.5% during the first quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock worth $36,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 88.28% of the company’s stock.
Several research analysts recently issued reports on the stock. ValuEngine cut 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 cut shares of Anthem from a “buy” rating to a “hold” rating and set a $289.00 price objective for the company. in a report on Monday, August 19th. Morgan Stanley lifted their price objective 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 initiated coverage on shares of Anthem in a report on Thursday, September 12th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $325.93.
Shares of NYSE ANTM traded down $3.10 during trading on Friday, hitting $252.35. The company had a trading volume of 1,010,717 shares, compared to its average volume of 1,519,812. The stock has a fifty day simple moving average of $268.32 and a two-hundred day simple moving average of $278.87. Anthem Inc has a fifty-two week low of $227.16 and a fifty-two week high of $317.99. The firm has a market capitalization of $64.89 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 0.95 and a beta of 0.74. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.57.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 24th. The company reported $4.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.61 by $0.03. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The business had revenue of $25.20 billion for the quarter, compared to analyst estimates of $24.88 billion. During the same quarter last year, the business earned $4.25 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts anticipate that Anthem Inc will post 19.36 earnings per share 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 $0.80 dividend. The ex-dividend date is Monday, September 9th. This represents a $3.20 annualized dividend and a dividend yield of 1.27%. Anthem’s dividend payout ratio (DPR) is 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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