Livingston Group Asset Management CO operating as Southport Capital Management lowered its stake in shares of Anthem Inc. (NYSE:ANTM) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 4,806 shares of the company’s stock after selling 100 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Anthem were worth $631,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Financial Architects Inc increased its stake in Anthem by 2.7% in the second quarter. Financial Architects Inc now owns 839 shares of the company’s stock valued at $111,000 after buying an additional 22 shares during the period. Integrated Investment Consultants LLC increased its stake in Anthem by 21.4% in the second quarter. Integrated Investment Consultants LLC now owns 850 shares of the company’s stock valued at $112,000 after buying an additional 150 shares during the period. Nikko Asset Management Americas Inc. purchased a new stake in Anthem during the first quarter valued at about $196,000. AIMZ Investment Advisors LLC purchased a new stake in Anthem during the first quarter valued at about $201,000. Finally, Sigma Planning Corp increased its stake in Anthem by 5.7% in the second quarter. Sigma Planning Corp now owns 1,546 shares of the company’s stock valued at $203,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 89.44% of the company’s stock.
Anthem Inc. (NYSE:ANTM) traded down 1.92% on Thursday, reaching $124.93. 1,027,207 shares of the company’s stock were exchanged. Anthem Inc. has a 12 month low of $115.63 and a 12 month high of $149.87. The firm has a 50-day moving average of $126.85 and a 200-day moving average of $133.83. The firm has a market capitalization of $32.88 billion, a price-to-earnings ratio of 14.45 and a beta of 0.45.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.10. Anthem had a net margin of 2.83% and a return on equity of 12.16%. 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 business’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that Anthem Inc. will post $10.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, September 7th. Anthem’s dividend payout ratio (DPR) is presently 30.06%.
ANTM has been the topic of several analyst reports. Citigroup Inc. reaffirmed a “buy” rating and set a $172.00 price target on shares of Anthem in a research note on Tuesday, June 21st. Leerink Swann reaffirmed a “buy” rating and set a $160.00 price target on shares of Anthem in a research note on Thursday, June 16th. Jefferies Group dropped their price target on shares of Anthem from $157.00 to $156.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Barclays PLC dropped their price target on shares of Anthem from $158.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Finally, Zacks Investment Research raised shares of Anthem from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $161.55.
In related news, SVP Ronald W. Penczek sold 552 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $128.37, for a total transaction of $70,860.24. Following the completion of the sale, the senior vice president now owns 2,407 shares in the company, valued at approximately $308,986.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gloria M. Mccarthy sold 4,786 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $131.23, for a total transaction of $628,066.78. Following the sale, the executive vice president now owns 46,167 shares of the company’s stock, valued at approximately $6,058,495.41. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company 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.
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.