Anthem, Inc. (ANTM) Stake Increased by American Century Companies Inc.
American Century Companies Inc. raised its stake in Anthem, Inc. (NYSE:ANTM) by 10.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 523,942 shares of the company’s stock after buying an additional 48,258 shares during the period. American Century Companies Inc. owned about 0.20% of Anthem worth $98,569,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in ANTM. FTB Advisors Inc. raised its stake in shares of Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after buying an additional 67 shares during the period. Westside Investment Management Inc. raised its stake in shares of Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares during the period. Focused Wealth Management Inc purchased a new stake in shares of Anthem during the first quarter valued at approximately $149,000. Guardian Life Insurance Co. of America raised its stake in shares of Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after buying an additional 7 shares during the period. Finally, Cedar Wealth Management LLC raised its stake in shares of Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after buying an additional 15 shares during the period. Institutional investors own 89.48% of the company’s stock.
Anthem, Inc. (NYSE:ANTM) opened at 192.68 on Friday. The firm’s 50 day moving average price is $190.92 and its 200-day moving average price is $178.75. The stock has a market cap of $50.59 billion, a price-to-earnings ratio of 18.22 and a beta of 0.73. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $196.48.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.33 earnings per share. Analysts expect that Anthem, Inc. will post $11.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a yield of 1.45%. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio (DPR) is currently 24.62%.
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Several equities research analysts have recently commented on ANTM shares. Citigroup Inc. reissued a “buy” rating and set a $205.00 price target on shares of Anthem in a research note on Wednesday, June 28th. Credit Suisse Group started coverage on Anthem in a research note on Wednesday, July 12th. They set a “neutral” rating and a $195.00 price target on the stock. BidaskClub lowered Anthem from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Bank of America Corporation boosted their price target on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $136.00 price target on shares of Anthem in a research note on Thursday, May 11th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $183.83.
In other Anthem news, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the sale, the executive vice president now owns 26,571 shares in the company, valued at $5,081,703.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Julie A. Hill sold 524 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total transaction of $99,979.20. Following the completion of the sale, the director now owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,199 shares of company stock valued at $2,494,862. Corporate insiders own 0.36% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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