Palisades Hudson Asset Management L.P. continued to hold its position in shares of Anthem, Inc. (NYSE:ANTM) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,983 shares of the company’s stock at the end of the first quarter. Palisades Hudson Asset Management L.P.’s holdings in Anthem were worth $328,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. FTB Advisors Inc. boosted its position in shares of Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after buying an additional 67 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares during the last quarter. Focused Wealth Management Inc purchased a new position in shares of Anthem during the first quarter valued at about $149,000. Guardian Life Insurance Co. of America boosted its position in shares of Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after buying an additional 7 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of Anthem during the first quarter valued at about $181,000. Hedge funds and other institutional investors own 88.69% of the company’s stock.
Shares of Anthem, Inc. (NYSE ANTM) opened at 191.61 on Monday. The stock has a 50 day moving average price of $185.31 and a 200-day moving average price of $166.86. The firm has a market capitalization of $50.77 billion, a price-to-earnings ratio of 18.57 and a beta of 0.73. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $194.94.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.85 by $0.83. The business had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $21.23 billion. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.46 EPS. On average, analysts anticipate that Anthem, Inc. will post $11.78 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, June 7th. Anthem’s dividend payout ratio is currently 25.22%.
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Several research analysts have recently issued reports on ANTM shares. Cantor Fitzgerald restated a “buy” rating and issued a $136.00 price objective on shares of Anthem in a research note on Thursday, May 11th. Citigroup Inc. reaffirmed a “buy” rating and set a $205.00 target price on shares of Anthem in a report on Wednesday, June 28th. Morgan Stanley began coverage on Anthem in a report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $183.00 target price (up from $177.00) on shares of Anthem in a report on Sunday, April 23rd. Finally, Deutsche Bank AG began coverage on Anthem in a report on Wednesday, April 5th. They set a “hold” rating and a $166.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $166.63.
In related news, Director Ramiro G. Peru sold 2,681 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total value of $486,815.98. Following the sale, the director now owns 13,571 shares in the company, valued at approximately $2,464,222.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ronald W. Penczek sold 867 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total value of $162,527.82. Following the completion of the sale, the senior vice president now owns 1,872 shares in the company, valued at approximately $350,925.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,103 shares of company stock worth $749,555. Insiders own 0.36% of the company’s stock.
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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