Quadrant Capital Group LLC boosted its position in Anthem Inc (NYSE:ANTM) by 48.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,218 shares of the company’s stock after purchasing an additional 726 shares during the quarter. Quadrant Capital Group LLC’s holdings in Anthem were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. First Merchants Corp increased its stake in shares of Anthem by 67.1% during the 4th quarter. First Merchants Corp now owns 1,968 shares of the company’s stock valued at $517,000 after acquiring an additional 790 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in shares of Anthem during the 1st quarter valued at about $52,000. TrinityPoint Wealth LLC acquired a new position in shares of Anthem during the 4th quarter valued at about $1,303,000. Huntington National Bank increased its stake in shares of Anthem by 9.1% during the 1st quarter. Huntington National Bank now owns 131,391 shares of the company’s stock valued at $37,706,000 after acquiring an additional 10,933 shares during the last quarter. Finally, Monument Capital Management acquired a new position in shares of Anthem during the 4th quarter valued at about $1,886,000. 88.88% of the stock is owned by hedge funds and other institutional investors.
In other Anthem news, EVP Gloria M. Mccarthy sold 7,701 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $303.73, for a total value of $2,339,024.73. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.
A number of research firms have recently commented on ANTM. Argus began coverage on shares of Anthem in a research note on Thursday, January 24th. They set a “buy” rating and a $333.00 price objective for the company. Barclays set a $338.00 price objective on shares of Anthem and gave the company a “buy” rating in a research note on Friday, March 8th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $293.00 price objective for the company in a research note on Thursday, May 16th. SunTrust Banks dropped their price objective on shares of Anthem to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $391.00 price objective (up previously from $372.00) on shares of Anthem in a research note on Thursday, January 31st. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $324.87.
NYSE ANTM traded up $0.08 on Wednesday, reaching $277.14. The company had a trading volume of 1,416,901 shares, compared to its average volume of 1,925,640. The stock has a market cap of $68.17 billion, a PE ratio of 17.44, a P/E/G ratio of 0.93 and a beta of 0.85. Anthem Inc has a 1 year low of $220.80 and a 1 year high of $317.99. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 24th. The company reported $6.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.86 by $0.17. The firm had revenue of $24.39 billion during the quarter, compared to analysts’ expectations of $24.31 billion. Anthem had a return on equity of 14.99% and a net margin of 4.23%. Anthem’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.41 EPS. Sell-side analysts anticipate that Anthem Inc will post 19.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, June 7th. Anthem’s dividend payout ratio is presently 20.14%.
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.
Further Reading: Municipal Bonds
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.