Toronto Dominion Bank increased its position in Anthem, Inc. (NYSE:ANTM) by 10.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,706 shares of the company’s stock after purchasing an additional 9,947 shares during the period. Toronto Dominion Bank’s holdings in Anthem were worth $20,072,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of ANTM. Fulton Bank N.A. lifted its holdings in shares of Anthem by 20.1% in the 2nd quarter. Fulton Bank N.A. now owns 3,048 shares of the company’s stock worth $574,000 after purchasing an additional 511 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Anthem by 13.9% in the 2nd quarter. Bank of Montreal Can now owns 476,841 shares of the company’s stock worth $89,706,000 after purchasing an additional 58,360 shares in the last quarter. Hays Advisory LLC lifted its holdings in shares of Anthem by 4.4% in the 2nd quarter. Hays Advisory LLC now owns 1,773 shares of the company’s stock worth $334,000 after purchasing an additional 75 shares in the last quarter. Narwhal Capital Management lifted its holdings in shares of Anthem by 1.7% in the 2nd quarter. Narwhal Capital Management now owns 23,860 shares of the company’s stock worth $4,489,000 after purchasing an additional 400 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its holdings in shares of Anthem by 15.5% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 95,135 shares of the company’s stock worth $17,898,000 after purchasing an additional 12,742 shares in the last quarter. Institutional investors own 88.91% of the company’s stock.
Shares of Anthem, Inc. (NYSE:ANTM) traded up $2.29 during trading on Monday, hitting $218.27. The stock had a trading volume of 1,835,300 shares, compared to its average volume of 1,589,956. Anthem, Inc. has a 1 year low of $131.38 and a 1 year high of $220.75. The stock has a market cap of $56,043.11, a price-to-earnings ratio of 17.52, a PEG ratio of 1.71 and a beta of 0.77. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the firm posted $2.45 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. equities analysts forecast that Anthem, Inc. will post 11.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio is presently 25.32%.
A number of brokerages recently issued reports on ANTM. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a report on Tuesday, November 7th. Cantor Fitzgerald reiterated a “buy” rating and issued a $215.00 target price on shares of Anthem in a report on Wednesday, September 20th. BMO Capital Markets began coverage on Anthem in a report on Monday, October 16th. They issued a “market perform” rating on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $204.00 target price on shares of Anthem in a report on Sunday, August 20th. Finally, Credit Suisse Group began coverage on Anthem in a report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $197.69.
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In related news, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.00, for a total value of $4,161,625.00. Following the completion of the sale, the insider now owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Julie A. Hill sold 1,602 shares of Anthem stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $215.70, for a total value of $345,551.40. Following the completion of the sale, the director now directly owns 35,322 shares of the company’s stock, valued at approximately $7,618,955.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,955 shares of company stock valued at $13,179,953. Insiders own 0.36% of the company’s stock.
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.
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