Greatmark Investment Partners Inc. decreased its stake in shares of Anthem Inc. (NYSE:ANTM) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 20,190 shares of the company’s stock after selling 1,398 shares during the period. Anthem makes up 1.2% of Greatmark Investment Partners Inc.’s investment portfolio, making the stock its 28th largest position. Greatmark Investment Partners Inc.’s holdings in Anthem were worth $2,652,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of ANTM. Nordea Investment Management AB increased its stake in shares of Anthem by 34.4% in the second quarter. Nordea Investment Management AB now owns 6,420,978 shares of the company’s stock valued at $843,331,000 after buying an additional 1,642,691 shares during the period. Bank of Montreal Can purchased a new position in Anthem during the second quarter valued at $73,857,000. Old Mutual Global Investors UK Ltd. purchased a new position in Anthem during the second quarter valued at $58,890,000. Dodge & Cox boosted its position in Anthem by 13.8% in the first quarter. Dodge & Cox now owns 3,382,350 shares of the company’s stock valued at $470,113,000 after buying an additional 408,901 shares in the last quarter. Finally, Samlyn Capital LLC purchased a new position in Anthem during the first quarter valued at $34,281,000. 89.45% of the stock is currently owned by institutional investors.
Anthem Inc. (NYSE:ANTM) traded down 2.32% on Monday, hitting $118.28. The stock had a trading volume of 3,201,091 shares. The company has a market cap of $31.13 billion, a P/E ratio of 13.68 and a beta of 0.53. Anthem Inc. has a 52-week low of $115.63 and a 52-week high of $149.50. The firm’s 50-day moving average is $124.69 and its 200-day moving average is $132.35.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $3.33 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 analysts’ expectations of $20.53 billion. During the same quarter last year, the firm earned $3.10 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Anthem Inc. will post $10.87 earnings per share for the current fiscal 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 was Wednesday, September 7th. This represents a $2.60 annualized dividend and a dividend yield of 2.20%. Anthem’s dividend payout ratio is presently 30.06%.
ANTM has been the subject of several research analyst reports. Zacks Investment Research upgraded Anthem from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th. Jefferies Group cut Anthem from a “buy” rating to a “hold” rating and dropped their target price for the stock from $156.00 to $138.00 in a report on Tuesday, September 13th. Wolfe Research began coverage on Anthem in a report on Tuesday, June 28th. They issued a “market perform” rating and a $168.00 target price for the company. Citigroup Inc. reiterated a “buy” rating and issued a $172.00 target price on shares of Anthem in a report on Tuesday, June 21st. Finally, Evercore ISI began coverage on Anthem in a report on Thursday, September 22nd. They issued a “hold” rating and a $133.00 target price for the company. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $159.81.
In related news, Director William J. Ryan sold 3,125 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $133.15, for a total value of $416,093.75. Following the completion of the transaction, the director now directly owns 27,149 shares in the company, valued at $3,614,889.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gloria M. Mccarthy sold 4,186 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $130.39, for a total value of $545,812.54. Following the completion of the transaction, the executive vice president now 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, 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.
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc. (NYSE:ANTM).
Receive News & Ratings for Anthem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.