Laurion Capital Management LP acquired a new position in Anthem, Inc. (NYSE:ANTM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 14,500 shares of the company’s stock, valued at approximately $2,728,000.
A number of other hedge funds also recently bought and sold shares of ANTM. Stevens Capital Management LP acquired a new stake in Anthem during the 2nd quarter worth $23,766,000. BT Investment Management Ltd acquired a new stake in Anthem during the 2nd quarter worth $8,074,000. BlueMountain Capital Management LLC grew its holdings in Anthem by 12,287.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 596,715 shares of the company’s stock worth $112,260,000 after acquiring an additional 591,898 shares during the period. Amalgamated Bank grew its holdings in Anthem by 57.3% during the 2nd quarter. Amalgamated Bank now owns 29,737 shares of the company’s stock worth $5,594,000 after acquiring an additional 10,831 shares during the period. Finally, Bahl & Gaynor Inc. grew its holdings in Anthem by 11.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,451 shares of the company’s stock worth $209,000 after acquiring an additional 145 shares during the period. Hedge funds and other institutional investors own 87.65% of the company’s stock.
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Anthem, Inc. (ANTM) opened at 181.44 on Wednesday. The firm has a market capitalization of $47.64 billion, a price-to-earnings ratio of 17.16 and a beta of 0.70. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $198.98. The company has a 50-day moving average of $191.59 and a 200-day moving average of $182.25.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $3.33 earnings per share. On average, equities analysts forecast that Anthem, Inc. will post $11.83 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.54%. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is presently 26.52%.
ANTM has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. 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 initiated coverage on shares of Anthem in a report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $215.00 target price (up previously from $210.00) on shares of Anthem in a report on Wednesday, July 26th. Finally, Credit Suisse Group initiated coverage on shares of Anthem in a report on Wednesday, July 12th. They set a “neutral” rating and a $195.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $183.44.
In other news, EVP Thomas C. Zielinski sold 9,127 shares of Anthem stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the completion of the transaction, the executive vice president now directly owns 26,571 shares in the company, valued at $5,081,703.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the transaction, the insider now owns 87,668 shares of the company’s stock, valued at $17,270,596. The disclosure for this sale can be found here. Insiders sold 30,776 shares of company stock valued at $6,007,143 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.
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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