Raymond James Trust N.A. boosted its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,962 shares of the company’s stock after purchasing an additional 228 shares during the period. Raymond James Trust N.A.’s holdings in Anthem were worth $1,064,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. 1776 Wealth LLC lifted its stake in Anthem by 148.0% during the second quarter. 1776 Wealth LLC now owns 124 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Virtus ETF Advisers LLC lifted its stake in Anthem by 315.8% during the second quarter. Virtus ETF Advisers LLC now owns 158 shares of the company’s stock worth $42,000 after purchasing an additional 120 shares during the period. Woodley Farra Manion Portfolio Management Inc. lifted its stake in Anthem by 130.8% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 180 shares of the company’s stock worth $47,000 after purchasing an additional 102 shares during the period. Tarbox Family Office Inc. increased its holdings in shares of Anthem by 77.5% during the second quarter. Tarbox Family Office Inc. now owns 181 shares of the company’s stock worth $48,000 after buying an additional 79 shares in the last quarter. Finally, NuWave Investment Management LLC acquired a new stake in shares of Anthem during the second quarter worth approximately $52,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.
Shares of Anthem stock opened at $296.87 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $74.66 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.91 and a beta of 0.92. The firm has a 50 day simple moving average of $272.10 and a 200 day simple moving average of $268.63. Anthem, Inc. has a fifty-two week low of $171.03 and a fifty-two week high of $309.10.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were paid a $0.95 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.28%. Anthem’s payout ratio is presently 19.55%.
In related news, EVP Peter D. Haytaian sold 4,667 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $280.00, for a total value of $1,306,760.00. Following the sale, the executive vice president now directly owns 41,177 shares of the company’s stock, valued at approximately $11,529,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.
Several analysts have recently weighed in on ANTM shares. SVB Leerink raised their price objective on shares of Anthem from $325.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Anthem from $362.00 to $349.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Royal Bank of Canada raised their price objective on shares of Anthem from $319.00 to $331.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group raised their price objective on shares of Anthem from $271.00 to $281.00 and gave the stock a “hold” rating in a report on Friday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $336.47.
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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