Hartford Financial Management Inc. Has $37,000 Position in Anthem Inc (NYSE:ANTM)

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Hartford Financial Management Inc. boosted its stake in shares of Anthem Inc (NYSE:ANTM) by 62.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130 shares of the company’s stock after acquiring an additional 50 shares during the quarter. Hartford Financial Management Inc.’s holdings in Anthem were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. NuWave Investment Management LLC increased its stake in shares of Anthem by 46.3% in the second quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock valued at $34,000 after buying an additional 38 shares in the last quarter. Sonora Investment Management LLC increased its position in Anthem by 38.0% in the second quarter. Sonora Investment Management LLC now owns 138 shares of the company’s stock worth $39,000 after purchasing an additional 38 shares during the period. Convergence Investment Partners LLC increased its position in Anthem by 4.2% in the second quarter. Convergence Investment Partners LLC now owns 943 shares of the company’s stock worth $266,000 after purchasing an additional 38 shares during the period. Brighton Jones LLC increased its position in Anthem by 3.7% in the first quarter. Brighton Jones LLC now owns 1,082 shares of the company’s stock worth $311,000 after purchasing an additional 39 shares during the period. Finally, Advantage Investment Management LLC increased its position in Anthem by 10.1% in the second quarter. Advantage Investment Management LLC now owns 458 shares of the company’s stock worth $129,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

In related news, Director Robert L. Dixon, Jr. sold 520 shares of Anthem stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $294.11, for a total value of $152,937.20. Following the sale, the director now owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ramiro G. Peru sold 1,656 shares of Anthem stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $275.00, for a total value of $455,400.00. Following the completion of the sale, the director now directly owns 11,173 shares in the company, valued at approximately $3,072,575. The disclosure for this sale can be found here. In the last three months, insiders sold 11,765 shares of company stock worth $3,327,092. 0.17% of the stock is owned by insiders.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $293.00 target price on the stock in a report on Thursday, May 16th. UBS Group started coverage on Anthem in a report on Tuesday, April 23rd. They set a “buy” rating and a $294.00 price objective on the stock. Citigroup upgraded Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price objective on the stock in a report on Friday, May 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $360.00 price objective on shares of Anthem in a report on Sunday, April 21st. Finally, Barclays lifted their price objective on Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Anthem currently has a consensus rating of “Buy” and an average price target of $325.67.

NYSE:ANTM opened at $286.90 on Wednesday. Anthem Inc has a fifty-two week low of $227.16 and a fifty-two week high of $317.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $73.45 billion, a PE ratio of 18.06, a PEG ratio of 1.06 and a beta of 0.71. The company’s 50-day simple moving average is $292.38.

Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.61 by $0.03. Anthem had a return on equity of 15.02% and a net margin of 4.21%. The business had revenue of $25.20 billion for the quarter, compared to analysts’ expectations of $24.88 billion. During the same quarter in the previous year, the business posted $4.25 EPS. Anthem’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts anticipate that Anthem Inc will post 19.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Monday, September 9th. Anthem’s dividend payout ratio is presently 20.14%.

About Anthem

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.

Read More: Preferred Stock

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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