Columbia Partners L L C Investment Management raised its stake in Anthem, Inc. (NYSE:ANTM) by 42.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,771 shares of the company’s stock after purchasing an additional 3,225 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Anthem were worth $2,045,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in ANTM. Captrust Financial Advisors purchased a new position in shares of Anthem in the 2nd quarter valued at $128,000. Salem Investment Counselors Inc. raised its stake in shares of Anthem by 1.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after acquiring an additional 10 shares during the period. Harding Loevner LP purchased a new position in shares of Anthem in the 2nd quarter valued at $151,000. Krilogy Financial LLC purchased a new position in shares of Anthem in the 2nd quarter valued at $160,000. Finally, Cedar Wealth Management LLC raised its stake in shares of Anthem by 1.7% in the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after acquiring an additional 15 shares during the period. Institutional investors own 88.91% of the company’s stock.
In other news, Director Julie A. Hill sold 1,602 shares of Anthem stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total value of $345,551.40. Following the completion of the transaction, the director now directly owns 35,322 shares of the company’s stock, valued at approximately $7,618,955.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the completion of the transaction, the insider now directly owns 87,668 shares of the company’s stock, valued at $17,270,596. The disclosure for this sale can be found here. Insiders sold a total of 65,955 shares of company stock valued at $13,179,953 over the last ninety days. Company insiders own 0.36% of the company’s stock.
Anthem, Inc. (ANTM) traded down $0.06 during midday trading on Friday, hitting $220.83. 1,203,517 shares of the stock traded hands, compared to its average volume of 1,588,403. Anthem, Inc. has a 1-year low of $135.00 and a 1-year high of $222.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $56,720.00, a price-to-earnings ratio of 17.53, a PEG ratio of 1.71 and a beta of 0.77.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the business posted $2.45 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. equities research analysts expect that Anthem, Inc. will post 11.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, December 4th. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
COPYRIGHT VIOLATION WARNING: This news story was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://sportsperspectives.com/2017/11/18/anthem-inc-antm-shares-bought-by-columbia-partners-l-l-c-investment-management.html.
ANTM has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Anthem from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their price target on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Jefferies Group LLC lifted their price target on shares of Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $215.00 price target on shares of Anthem in a research note on Wednesday, September 20th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $199.31.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and 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.