Quadrant Capital Group LLC trimmed its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,399 shares of the company’s stock after selling 141 shares during the period. Quadrant Capital Group LLC’s holdings in Anthem were worth $221,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in shares of Anthem during the 2nd quarter worth $128,000. Salem Investment Counselors Inc. grew its holdings in Anthem by 1.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after buying an additional 10 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Anthem by 33.6% during the 1st quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares in the last quarter. Harding Loevner LP purchased a new position in Anthem during the 2nd quarter valued at about $151,000. Finally, Cedar Wealth Management LLC grew its holdings in Anthem by 1.7% during the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after buying an additional 15 shares in the last quarter. Institutional investors own 87.65% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Anthem, Inc. (ANTM) Stake Lowered by Quadrant Capital Group LLC” was originally published by Markets Daily and is owned by of Markets Daily. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.themarketsdaily.com/2017/10/10/anthem-inc-antm-stake-lowered-by-quadrant-capital-group-llc.html.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morgan Stanley lifted their target price on Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $202.00 target price on shares of Anthem in a report on Wednesday, October 4th. Finally, Bank of America Corporation lifted their target price on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 14th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Anthem presently has a consensus rating of “Buy” and a consensus price target of $187.50.
Shares of Anthem, Inc. (NYSE:ANTM) traded down 1.16% during mid-day trading on Tuesday, hitting $188.52. The stock had a trading volume of 267,422 shares. Anthem, Inc. has a 12 month low of $114.85 and a 12 month high of $198.98. The stock’s 50-day moving average is $190.55 and its 200 day moving average is $184.43. The company has a market cap of $49.50 billion, a PE ratio of 17.83 and a beta of 0.71.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.14. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 EPS. On average, equities research analysts forecast that Anthem, Inc. will post $11.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Friday, September 8th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.47%. The ex-dividend date was Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio (DPR) is currently 26.52%.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $190.63, for a total transaction of $4,027,058.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the transaction, the director now owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. Insiders have sold a total of 51,901 shares of company stock valued at $10,034,202 in the last 90 days. 0.36% of the stock is currently owned by company insiders.
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.
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.