Lester Murray Antman dba SimplyRich Invests $1.70 Million in Anthem Inc (NYSE:ANTM)
Lester Murray Antman dba SimplyRich acquired a new position in Anthem Inc (NYSE:ANTM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,028 shares of the company’s stock, valued at approximately $1,701,000. Anthem makes up about 0.9% of Lester Murray Antman dba SimplyRich’s investment portfolio, making the stock its 27th biggest position.
Several other hedge funds have also made changes to their positions in ANTM. Horan Capital Advisors LLC. bought a new stake in Anthem during the first quarter worth $52,000. Cable Hill Partners LLC raised its position in Anthem by 77.5% during the first quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 55 shares in the last quarter. Wade G W & Inc. bought a new stake in Anthem during the first quarter worth $274,000. Evolution Wealth Advisors LLC bought a new stake in Anthem during the second quarter worth $55,000. Finally, Wealthfront Advisers LLC raised its position in Anthem by 22.7% during the first quarter. Wealthfront Advisers LLC now owns 7,098 shares of the company’s stock worth $2,037,000 after acquiring an additional 1,314 shares in the last quarter. 87.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of ANTM traded down $3.26 during trading hours on Tuesday, hitting $270.15. The company had a trading volume of 606,322 shares, compared to its average volume of 1,286,073. The firm has a market cap of $70.49 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.02 and a beta of 0.71. The business has a fifty day moving average of $291.60 and a 200-day moving average of $286.56. Anthem Inc has a 12 month low of $227.16 and a 12 month high of $317.99. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.57.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, September 9th. Anthem’s payout ratio is presently 20.14%.
In related news, SVP Ronald W. Penczek sold 763 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $279.00, for a total value of $212,877.00. Following the transaction, the senior vice president now directly owns 2,295 shares in the company, valued at $640,305. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Dixon, Jr. sold 520 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $294.11, for a total transaction of $152,937.20. Following the completion of the transaction, the director now owns 9,971 shares in the company, valued at $2,932,570.81. The disclosure for this sale can be found here. Insiders sold 10,109 shares of company stock worth $2,871,692 over the last three months. Insiders own 0.17% of the company’s stock.
Several analysts have issued reports on ANTM shares. UBS Group started coverage on shares of Anthem in a research report on Tuesday, April 23rd. They set a “buy” rating and a $294.00 price target on the stock. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating and set a $289.00 price target on the stock. in a research report on Monday. Morgan Stanley upped their price target on shares of Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. SunTrust Banks dropped their price target on shares of Anthem to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Anthem in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $325.40.
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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