Midas Management Corp maintained its stake in Anthem Inc. (NYSE:ANTM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,100 shares of the company’s stock at the end of the second quarter. Anthem accounts for approximately 1.3% of Midas Management Corp’s holdings, making the stock its 14th largest position. Midas Management Corp’s holdings in Anthem were worth $2,246,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in ANTM. Nordea Investment Management AB boosted its stake in 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. Dodge & Cox boosted its stake 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 during the period. Geode Capital Management LLC boosted its stake in Anthem by 2.0% in the first quarter. Geode Capital Management LLC now owns 2,241,546 shares of the company’s stock valued at $310,955,000 after buying an additional 43,732 shares during the period. Legal & General Group Plc boosted its stake in Anthem by 0.9% in the first quarter. Legal & General Group Plc now owns 1,313,104 shares of the company’s stock valued at $182,491,000 after buying an additional 11,822 shares during the period. Finally, Focused Investors LLC boosted its stake in Anthem by 31.5% in the second quarter. Focused Investors LLC now owns 863,600 shares of the company’s stock valued at $113,425,000 after buying an additional 206,700 shares during the period. Institutional investors own 89.44% of the company’s stock.
Shares of Anthem Inc. (NYSE:ANTM) traded up 0.07% during midday trading on Friday, reaching $121.09. 1,280,818 shares of the company traded hands. The company has a 50 day moving average of $124.86 and a 200 day moving average of $132.48. The firm has a market capitalization of $31.87 billion, a P/E ratio of 14.00 and a beta of 0.53. Anthem Inc. has a 12 month low of $115.63 and a 12 month high of $149.50.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $3.33 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $20.53 billion. During the same quarter in the prior year, the business posted $3.10 earnings per share. Anthem’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts predict 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 given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Wednesday, September 7th. Anthem’s dividend payout ratio (DPR) is 30.06%.
ANTM has been the subject of several analyst reports. Zacks Investment Research raised shares of Anthem from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Jefferies Group cut shares of Anthem from a “buy” rating to a “hold” rating and dropped their price target for the company from $156.00 to $138.00 in a research note on Tuesday, September 13th. Wolfe Research began coverage on shares of Anthem in a research note on Tuesday, June 28th. They issued a “market perform” rating and a $168.00 price target for the company. Citigroup Inc. reaffirmed a “buy” rating and set a $172.00 price objective on shares of Anthem in a research report on Tuesday, June 21st. Finally, Evercore ISI began coverage on shares of Anthem in a research report on Thursday, September 22nd. They set a “hold” rating and a $133.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $161.55.
In other Anthem news, SVP Ronald W. Penczek sold 552 shares of the business’s stock in a transaction that occurred on 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 directly owns 2,407 shares in the company, valued at $308,986.59. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William J. Ryan sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $133.15, for a total transaction of $416,093.75. Following the sale, the director now owns 27,149 shares of the company’s stock, valued at $3,614,889.35. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
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.
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