Chartwell Investment Partners LLC lowered its stake in shares of Anthem Inc (NYSE:ANTM) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,484 shares of the company’s stock after selling 709 shares during the period. Chartwell Investment Partners LLC’s holdings in Anthem were worth $3,283,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ninety One SA PTY Ltd acquired a new position in Anthem during the first quarter worth $26,000. Key Financial Inc purchased a new stake in Anthem in the first quarter valued at $27,000. Tarbox Family Office Inc. raised its position in Anthem by 77.5% in the second quarter. Tarbox Family Office Inc. now owns 181 shares of the company’s stock valued at $48,000 after purchasing an additional 79 shares during the period. NuWave Investment Management LLC purchased a new stake in Anthem in the second quarter valued at $52,000. Finally, Campbell Wealth Management purchased a new stake in Anthem in the second quarter valued at $53,000. 86.82% of the stock is currently owned by institutional investors.
ANTM has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on Anthem from $319.00 to $331.00 and gave the company an “outperform” rating in a research report on Thursday. Goldman Sachs Group initiated coverage on Anthem in a research report on Friday, June 5th. They issued a “neutral” rating and a $340.00 target price on the stock. Deutsche Bank reduced their target price on Anthem from $362.00 to $349.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group boosted their price objective on Anthem from $307.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. They noted that the move was a valuation call. Finally, SunTrust Banks boosted their price objective on Anthem from $280.00 to $320.00 and gave the company a “hold” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $333.50.
In related news, EVP Gloria M. Mccarthy sold 18,261 shares of Anthem stock in a transaction on Friday, May 15th. The shares were sold at an average price of $276.11, for a total value of $5,042,044.71. Following the transaction, the executive vice president now directly owns 60,360 shares in the company, valued at approximately $16,665,999.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert L. Dixon, Jr. sold 1,102 shares of Anthem stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $284.59, for a total transaction of $313,618.18. Following the completion of the transaction, the director now owns 9,568 shares in the company, valued at $2,722,957.12. The disclosure for this sale can be found here. Insiders sold a total of 20,465 shares of company stock worth $5,667,815 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.
Shares of Anthem stock opened at $273.80 on Friday. The firm’s fifty day simple moving average is $264.60 and its 200-day simple moving average is $268.06. The stock has a market capitalization of $68.86 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.83 and a beta of 0.95. Anthem Inc has a 12 month low of $171.03 and a 12 month high of $309.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.64 and a quick ratio of 1.53.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 29th. The company reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $8.77 by $0.43. The business had revenue of $29.20 billion for the quarter, compared to analysts’ expectations of $29.37 billion. Anthem had a net margin of 5.24% and a return on equity of 19.44%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.64 EPS. Analysts anticipate that Anthem Inc will post 22.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be issued a $0.95 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.39%. Anthem’s payout ratio is 19.55%.
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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