Buckingham Asset Management LLC Acquires Shares of 1,146 Anthem, Inc. (ANTM)
Buckingham Asset Management LLC acquired a new stake in shares of Anthem, Inc. (NYSE:ANTM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,146 shares of the company’s stock, valued at approximately $218,000.
A number of other hedge funds also recently modified their holdings of ANTM. Captrust Financial Advisors acquired a new stake in Anthem in the second quarter worth about $128,000. Salem Investment Counselors Inc. boosted its holdings in Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after acquiring an additional 10 shares in the last quarter. Harding Loevner LP acquired a new stake in Anthem in the second quarter worth about $151,000. Krilogy Financial LLC acquired a new stake in Anthem in the second quarter worth about $160,000. Finally, Cedar Wealth Management LLC boosted its holdings in Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after acquiring an additional 15 shares in the last quarter. 88.91% of the stock is currently owned by institutional investors.
Shares of Anthem, Inc. (NYSE:ANTM) traded down $0.06 during mid-day trading on Friday, reaching $220.83. The company had a trading volume of 1,203,517 shares, compared to its average volume of 1,588,403. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $56,720.00, a PE ratio of 17.53, a P/E/G ratio of 1.71 and a beta of 0.77. Anthem, Inc. has a 52 week low of $135.00 and a 52 week high of $222.24.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.25. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.45 earnings per share. research analysts anticipate that Anthem, Inc. will post 11.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
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In other news, SVP Ronald W. Penczek sold 978 shares of Anthem stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total value of $212,636.76. Following the sale, the senior vice president now directly owns 1,222 shares of the company’s stock, valued at $265,687.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $190.63, for a total value of $4,027,058.75. The disclosure for this sale can be found here. Insiders sold 65,955 shares of company stock valued at $13,179,953 over the last 90 days. Company insiders own 0.36% of the company’s stock.
ANTM has been the subject of several recent analyst reports. Jefferies Group LLC raised their price target on Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a report on Wednesday, September 20th. Morgan Stanley raised their price objective on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Credit Suisse Group started coverage on Anthem in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price objective for the company. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $215.00 price objective on shares of Anthem in a research note on Wednesday, October 18th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Anthem has a consensus rating of “Buy” and a consensus target price of $199.31.
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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