Exencial Wealth Advisors LLC lowered its stake in Anthem Inc (NYSE:ANTM) by 23.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 933 shares of the company’s stock after selling 280 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Anthem were worth $268,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of ANTM. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Anthem during the first quarter valued at approximately $395,000. Sivik Global Healthcare LLC raised its position in Anthem by 22.2% during the first quarter. Sivik Global Healthcare LLC now owns 27,500 shares of the company’s stock valued at $7,892,000 after purchasing an additional 5,000 shares in the last quarter. Commerce Bank raised its position in Anthem by 8.8% during the first quarter. Commerce Bank now owns 122,526 shares of the company’s stock valued at $35,163,000 after purchasing an additional 9,943 shares in the last quarter. Summit Wealth & Retirement Planning Inc. acquired a new position in Anthem during the first quarter valued at approximately $524,000. Finally, Hollencrest Capital Management raised its position in Anthem by 4.0% during the first quarter. Hollencrest Capital Management now owns 1,447 shares of the company’s stock valued at $416,000 after purchasing an additional 55 shares in the last quarter. 87.14% of the stock is currently owned by institutional investors.
ANTM traded up $0.22 on Friday, hitting $285.32. The company’s stock had a trading volume of 1,426,465 shares, compared to its average volume of 1,869,668. Anthem Inc has a 12 month low of $227.16 and a 12 month high of $317.99. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58. The company has a market cap of $72.30 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 0.99 and a beta of 0.74.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, April 24th. The company reported $6.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.86 by $0.17. The business had revenue of $24.39 billion for the quarter, compared to analysts’ expectations of $24.31 billion. Anthem had a net margin of 4.23% and a return on equity of 14.99%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.41 EPS. Research analysts forecast that Anthem Inc will post 19.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 10th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, June 7th. Anthem’s dividend payout ratio is currently 20.14%.
Several analysts recently weighed in on the stock. Citigroup raised shares of Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price objective on the stock in a research note on Friday, May 10th. Morgan Stanley dropped their target price on shares of Anthem from $391.00 to $359.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. ValuEngine lowered shares of Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Credit Suisse Group upped their price objective on shares of Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Finally, Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $324.87.
In related news, EVP Thomas C. Zielinski sold 8,826 shares of Anthem stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $283.92, for a total transaction of $2,505,877.92. Following the completion of the transaction, the executive vice president now directly owns 33,183 shares of the company’s stock, valued at approximately $9,421,317.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ramiro G. Peru sold 1,656 shares of Anthem stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $275.00, for a total transaction of $455,400.00. Following the transaction, the director now directly owns 11,173 shares of the company’s stock, valued at $3,072,575. The disclosure for this sale can be found here. In the last three months, insiders sold 11,245 shares of company stock worth $3,174,155. Insiders own 0.17% of the company’s stock.
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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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