Montag A & Associates Inc. lessened its stake in Anthem Inc (NYSE:ANTM) by 52.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,370 shares of the company’s stock after selling 1,534 shares during the period. Montag A & Associates Inc.’s holdings in Anthem were worth $329,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ANTM. Squar Milner Financial Services LLC bought a new stake in shares of Anthem during the 2nd quarter valued at $28,000. Next Capital Management LLC bought a new stake in shares of Anthem during the 2nd quarter valued at $30,000. Motco bought a new stake in shares of Anthem during the 2nd quarter valued at $31,000. NuWave Investment Management LLC raised its position in shares of Anthem by 46.3% during the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock valued at $34,000 after acquiring an additional 38 shares during the last quarter. Finally, Clean Yield Group bought a new stake in shares of Anthem during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.
Several analysts have commented on the stock. Deutsche Bank started coverage on shares of Anthem in a research report on Thursday, September 12th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating and set a $289.00 price target for the company. in a report on Monday, August 19th. ValuEngine lowered shares of Anthem from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Morgan Stanley boosted their price target on shares of Anthem from $356.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Credit Suisse Group decreased their price target on shares of Anthem from $345.00 to $340.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. Anthem presently has a consensus rating of “Buy” and a consensus target price of $319.72.
Shares of ANTM stock traded up $2.32 on Friday, hitting $282.09. The stock had a trading volume of 1,213,272 shares, compared to its average volume of 1,697,421. Anthem Inc has a twelve month low of $227.16 and a twelve month high of $317.99. The firm has a market cap of $69.22 billion, a P/E ratio of 17.75, a PEG ratio of 1.01 and a beta of 0.74. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $252.84 and a two-hundred day moving average price of $270.42.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 23rd. The company reported $4.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.82 by $0.05. The firm had revenue of $26.44 billion during the quarter, compared to analyst estimates of $25.88 billion. Anthem had a net margin of 4.29% and a return on equity of 15.59%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.81 EPS. On average, analysts expect that Anthem Inc will post 19.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, December 4th. Anthem’s payout ratio is presently 20.14%.
In related news, EVP Peter D. Haytaian sold 9,586 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $269.57, for a total value of $2,584,098.02. Following the completion of the transaction, the executive vice president now directly owns 42,488 shares of the company’s stock, valued at approximately $11,453,490.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.
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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