1ST Source Bank boosted its stake in shares of Anthem Inc. (NYSE:ANTM) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 3,647 shares of the company’s stock after buying an additional 175 shares during the period. 1ST Source Bank’s holdings in Anthem were worth $479,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of ANTM. Nordea Investment Management AB increased its stake in shares of Anthem by 34.4% in the second quarter. Nordea Investment Management AB now owns 6,420,978 shares of the company’s stock valued at $843,331,000 after buying an additional 1,642,691 shares during the period. Bank of Montreal Can bought a new stake in Anthem during the second quarter worth about $73,857,000. Old Mutual Global Investors UK Ltd. bought a new stake in Anthem during the second quarter worth about $58,890,000. Dodge & Cox increased its stake in Anthem by 13.8% in the first quarter. Dodge & Cox now owns 3,382,350 shares of the company’s stock worth $470,113,000 after buying an additional 408,901 shares during the last quarter. Finally, Samlyn Capital LLC bought a new stake in Anthem during the first quarter worth about $34,281,000. Institutional investors and hedge funds own 89.44% of the company’s stock.
Anthem Inc. (NYSE:ANTM) traded up 0.35% during mid-day trading on Friday, reaching $121.42. 629,638 shares of the company’s stock traded hands. Anthem Inc. has a 1-year low of $115.63 and a 1-year high of $149.50. The firm has a market cap of $31.95 billion, a PE ratio of 14.04 and a beta of 0.53. The firm has a 50 day moving average of $124.86 and a 200 day moving average of $132.48.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $3.33 EPS for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.10. The business had revenue of $21.27 billion for the quarter, compared to analyst estimates of $20.53 billion. Anthem had a net margin of 2.83% and a return on equity of 12.16%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.10 earnings per share. Analysts forecast that Anthem Inc. will post $10.87 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Friday, September 9th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Wednesday, September 7th. Anthem’s dividend payout ratio is presently 30.06%.
A number of equities research analysts have issued reports on ANTM shares. Sanford C. Bernstein started coverage on shares of Anthem in a research report on Thursday, June 16th. They issued an “outperform” rating and a $207.00 target price for the company. Leerink Swann reiterated a “buy” rating and issued a $160.00 target price on shares of Anthem in a research report on Thursday, June 16th. Citigroup Inc. reiterated a “buy” rating and issued a $172.00 target price on shares of Anthem in a research report on Tuesday, June 21st. Wolfe Research started coverage on shares of Anthem in a research report on Tuesday, June 28th. They issued a “market perform” rating and a $168.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Anthem from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Nine 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 a consensus rating of “Buy” and a consensus target price of $161.55.
In other Anthem news, EVP Thomas C. Zielinski sold 5,254 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $128.83, for a total transaction of $676,872.82. Following the sale, the executive vice president now directly owns 17,935 shares of the company’s stock, valued at $2,310,566.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ronald W. Penczek sold 552 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $128.37, for a total transaction of $70,860.24. Following the sale, the senior vice president now directly owns 2,407 shares in the company, valued at $308,986.59. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.