Cornerstone Wealth Group LLC raised its stake in Anthem Inc (NYSE:ANTM) by 138.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,718 shares of the company’s stock after purchasing an additional 999 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Anthem were worth $485,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Corient Capital Partners LLC raised its holdings in Anthem by 19.5% during the second quarter. Corient Capital Partners LLC now owns 1,717 shares of the company’s stock worth $485,000 after purchasing an additional 280 shares during the last quarter. Hallmark Capital Management Inc. raised its holdings in shares of Anthem by 4.8% in the second quarter. Hallmark Capital Management Inc. now owns 66,517 shares of the company’s stock worth $18,772,000 after acquiring an additional 3,038 shares during the last quarter. Glassman Wealth Services raised its holdings in shares of Anthem by 33.8% in the second quarter. Glassman Wealth Services now owns 352 shares of the company’s stock worth $99,000 after acquiring an additional 89 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Anthem by 23.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,171 shares of the company’s stock worth $12,183,000 after acquiring an additional 8,312 shares during the last quarter. Finally, Cumberland Partners Ltd acquired a new position in shares of Anthem in the second quarter worth $494,000. Institutional investors own 89.26% of the company’s stock.
Shares of Anthem stock opened at $254.18 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The business’s 50 day simple moving average is $274.20 and its 200-day simple moving average is $280.84. The stock has a market capitalization of $63.48 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 0.93 and a beta of 0.74. Anthem Inc has a twelve month low of $227.16 and a twelve month high of $317.99.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $24.88 billion. During the same period in the prior year, the company posted $4.25 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Sell-side analysts predict that Anthem Inc will post 19.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Monday, September 9th. Anthem’s dividend payout ratio (DPR) is 20.14%.
A number of brokerages have recently commented on ANTM. ValuEngine downgraded Anthem from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Wells Fargo & Co reissued a “buy” rating on shares of Anthem in a research report on Friday, July 26th. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating and set a $289.00 price target for the company. in a research report on Monday, August 19th. Morgan Stanley boosted their price target on Anthem from $359.00 to $371.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Finally, Deutsche Bank started coverage on Anthem in a research report on Thursday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $325.40.
In other Anthem news, Director Robert L. Dixon, Jr. sold 520 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $294.11, for a total transaction of $152,937.20. Following the completion of the transaction, the director now directly owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.
Anthem Company Profile
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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