Taylor Hoffman Wealth Management boosted its holdings in Anthem Inc (NYSE:ANTM) by 57.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,920 shares of the company’s stock after buying an additional 700 shares during the period. Taylor Hoffman Wealth Management’s holdings in Anthem were worth $461,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Squar Milner Financial Services LLC acquired a new stake in shares of Anthem in the second quarter valued at approximately $28,000. Next Capital Management LLC bought a new position in Anthem during the 2nd quarter worth $30,000. Motco bought a new position in Anthem during the 2nd quarter worth $31,000. NuWave Investment Management LLC increased its stake in Anthem by 46.3% during the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after acquiring an additional 38 shares during the period. Finally, Clean Yield Group bought a new position in Anthem during the 2nd quarter worth $36,000. 89.09% of the stock is currently owned by institutional investors.
Shares of ANTM stock traded up $2.32 during trading hours on Friday, reaching $282.09. The company’s stock had a trading volume of 1,213,272 shares, compared to its average volume of 1,697,421. The firm’s 50 day simple moving average is $252.84 and its 200-day simple moving average is $270.42. The company has a market capitalization of $69.22 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.01 and a beta of 0.74. Anthem Inc has a fifty-two week low of $227.16 and a fifty-two week high of $317.99. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 23rd. The company reported $4.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.82 by $0.05. The firm had revenue of $26.44 billion for the quarter, compared to the consensus estimate of $25.88 billion. Anthem had a return on equity of 15.59% and a net margin of 4.29%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.81 EPS. Sell-side analysts predict that Anthem Inc will post 19.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, December 4th. Anthem’s dividend payout ratio is presently 20.14%.
In other Anthem news, EVP Peter D. Haytaian sold 9,586 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $269.57, for a total value of $2,584,098.02. Following the sale, the executive vice president now 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 at the SEC website. Company insiders own 0.17% of the company’s stock.
A number of equities analysts have commented on the company. Wells Fargo & Co restated a “buy” rating on shares of Anthem in a research note on Friday, July 26th. Morgan Stanley raised their price objective on Anthem from $356.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. ValuEngine lowered Anthem from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Deutsche Bank assumed coverage on Anthem in a research note on Thursday, September 12th. They set a “buy” rating on the stock. Finally, Credit Suisse Group lowered their price objective on Anthem from $345.00 to $340.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $319.72.
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.
Featured Story: What is the return on assets formula?
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.