Gargoyle Investment Advisor L.L.C. purchased a new position in Anthem Inc. (NYSE:ANTM) during the second quarter, Holdings Channel reports. The firm purchased 18,000 shares of the company’s stock, valued at approximately $2,364,000.
Other large investors have also modified their holdings of the company. Panagora Asset Management Inc. raised its stake in shares of Anthem by 5.7% in the first quarter. Panagora Asset Management Inc. now owns 805,876 shares of the company’s stock worth $112,009,000 after buying an additional 43,632 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Anthem by 41.4% in the first quarter. Renaissance Technologies LLC now owns 407,200 shares of the company’s stock worth $56,597,000 after buying an additional 119,300 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Anthem by 1.5% in the first quarter. Nuveen Asset Management LLC now owns 195,133 shares of the company’s stock worth $27,121,000 after buying an additional 2,833 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Anthem by 328.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 198,778 shares of the company’s stock worth $27,628,000 after buying an additional 152,390 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Anthem by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 128,149 shares of the company’s stock worth $16,831,000 after buying an additional 550 shares during the period. 89.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Anthem Inc. (NYSE:ANTM) traded down 1.92% on Monday, hitting $122.90. The stock had a trading volume of 1,777,989 shares. The company has a market cap of $32.34 billion, a price-to-earnings ratio of 14.21 and a beta of 0.53. The stock has a 50 day moving average price of $126.47 and a 200-day moving average price of $133.42. Anthem Inc. has a 12-month low of $115.63 and a 12-month high of $149.87.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.10. Anthem had a return on equity of 12.16% and a net margin of 2.83%. The firm earned $21.27 billion during the quarter, compared to the consensus estimate of $20.53 billion. During the same period in the prior year, the firm earned $3.10 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Anthem Inc. will post $10.87 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were issued a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.60 annualized dividend and a yield of 2.12%. Anthem’s dividend payout ratio is currently 30.06%.
ANTM has been the subject of a number of research analyst reports. Zacks Investment Research raised Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Jefferies Group lowered Anthem from a “buy” rating to a “hold” rating and decreased their target price for the company from $156.00 to $138.00 in a research report on Tuesday, September 13th. Barclays PLC decreased their target price on Anthem from $158.00 to $151.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. Leerink Swann reaffirmed a “buy” rating and set a $155.00 target price on shares of Anthem in a research report on Monday, September 26th. Finally, FBR & Co reaffirmed a “market perform” rating and set a $155.00 target price on shares of Anthem in a research report on Monday, August 15th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $161.55.
In other Anthem news, CEO Joseph Swedish sold 8,171 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $131.49, for a total value of $1,074,404.79. Following the completion of the transaction, the chief executive officer now directly owns 112,594 shares of the company’s stock, valued at approximately $14,804,985.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Gloria M. Mccarthy sold 4,186 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $130.39, for a total transaction of $545,812.54. Following the completion of the transaction, the executive vice president now directly owns 49,426 shares of the company’s stock, valued at $6,444,656.14. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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