Bank of Montreal Can raised its position in Anthem Inc (NYSE:ANTM) by 10.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 499,156 shares of the company’s stock after acquiring an additional 45,197 shares during the period. Bank of Montreal Can owned approximately 0.19% of Anthem worth $136,794,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in ANTM. Financial Gravity Wealth Inc. purchased a new position in shares of Anthem during the first quarter valued at approximately $103,000. Flagship Harbor Advisors LLC purchased a new position in shares of Anthem during the second quarter valued at approximately $120,000. Centaurus Financial Inc. purchased a new position in shares of Anthem during the second quarter valued at approximately $142,000. Kaizen Advisory LLC boosted its position in shares of Anthem by 139.2% during the second quarter. Kaizen Advisory LLC now owns 598 shares of the company’s stock valued at $142,000 after buying an additional 348 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Anthem by 47.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 638 shares of the company’s stock valued at $152,000 after buying an additional 205 shares during the last quarter. 86.70% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $316.00 target price on shares of Anthem in a research report on Friday. Cowen assumed coverage on Anthem in a research report on Monday, September 17th. They set an “outperform” rating and a $318.00 target price on the stock. Citigroup cut Anthem from a “buy” rating to a “neutral” rating and set a $162.00 target price on the stock. in a research report on Monday, September 10th. Morgan Stanley raised Anthem from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $273.00 to $368.00 in a research report on Wednesday, September 5th. Finally, Credit Suisse Group boosted their price objective on Anthem from $284.00 to $311.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Anthem presently has an average rating of “Buy” and a consensus price target of $274.21.
ANTM stock opened at $271.41 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.52 and a current ratio of 1.52. Anthem Inc has a 1-year low of $182.31 and a 1-year high of $280.43. The firm has a market capitalization of $71.24 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $4.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.16 by $0.09. Anthem had a return on equity of 13.28% and a net margin of 4.79%. The business had revenue of $22.71 billion for the quarter, compared to analysts’ expectations of $22.66 billion. During the same quarter in the previous year, the firm earned $3.37 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, research analysts predict that Anthem Inc will post 15.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Monday, September 10th were given a $0.75 dividend. The ex-dividend date was Friday, September 7th. This represents a $3.00 annualized dividend and a yield of 1.11%. Anthem’s dividend payout ratio is currently 24.92%.
In other Anthem news, EVP Craig E. Samitt sold 19,541 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $246.68, for a total value of $4,820,373.88. Following the sale, the executive vice president now directly owns 20,857 shares in the company, valued at $5,145,004.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Julie A. Hill sold 248 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $267.01, for a total value of $66,218.48. Following the completion of the sale, the director now owns 34,827 shares in the company, valued at $9,299,157.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,488 shares of company stock worth $8,027,655. Corporate insiders own 0.31% of the company’s stock.
Anthem Company Profile
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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