ZWJ Investment Counsel Inc. Boosts Position in Anthem, Inc. (ANTM)
ZWJ Investment Counsel Inc. raised its position in shares of Anthem, Inc. (NYSE:ANTM) by 18.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,368 shares of the company’s stock after buying an additional 18,670 shares during the period. Anthem accounts for 1.6% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 24th largest position. ZWJ Investment Counsel Inc.’s holdings in Anthem were worth $19,410,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ANTM. Orbis Allan Gray Ltd increased its position in Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock worth $448,585,000 after buying an additional 996,248 shares during the period. Bank of Nova Scotia Trust Co. increased its position in Anthem by 85.7% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 19,015 shares of the company’s stock worth $2,734,000 after buying an additional 8,775 shares during the period. Aviva PLC increased its position in Anthem by 6.4% in the fourth quarter. Aviva PLC now owns 172,982 shares of the company’s stock worth $24,873,000 after buying an additional 10,477 shares during the period. Bank of The West increased its position in Anthem by 1.1% in the first quarter. Bank of The West now owns 27,277 shares of the company’s stock worth $4,511,000 after buying an additional 284 shares during the period. Finally, Integrated Investment Consultants LLC increased its position in Anthem by 35.3% in the first quarter. Integrated Investment Consultants LLC now owns 1,150 shares of the company’s stock worth $190,000 after buying an additional 300 shares during the period. 88.74% of the stock is currently owned by institutional investors and hedge funds.
Anthem, Inc. (NYSE ANTM) traded up 0.64% during mid-day trading on Friday, reaching $189.96. 1,864,260 shares of the company were exchanged. The stock has a 50-day moving average of $182.60 and a 200 day moving average of $163.91. The firm has a market capitalization of $50.34 billion, a P/E ratio of 18.41 and a beta of 0.68. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $190.26.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.85 by $0.83. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $21.23 billion. Anthem had a net margin of 3.19% and a return on equity of 13.13%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.46 earnings per share. Equities research analysts forecast that Anthem, Inc. will post $11.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $2.60 annualized dividend and a yield of 1.37%. Anthem’s dividend payout ratio is currently 25.22%.
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A number of brokerages have recently issued reports on ANTM. Cantor Fitzgerald raised shares of Anthem from a “hold” rating to an “overweight” rating and lifted their price objective for the stock from $165.00 to $210.00 in a research report on Thursday, April 27th. Sanford C. Bernstein lifted their price objective on shares of Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Deutsche Bank AG lifted their price objective on shares of Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Morgan Stanley began coverage on shares of Anthem in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $183.00 price objective (up previously from $179.00) on shares of Anthem in a research report on Thursday, April 27th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $164.56.
In other Anthem news, Director Julie A. Hill sold 555 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the transaction, the director now directly owns 37,448 shares in the company, valued at $6,761,610.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gloria M. Mccarthy sold 15,187 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $166.38, for a total transaction of $2,526,813.06. Following the completion of the transaction, the executive vice president now owns 59,144 shares in the company, valued at $9,840,378.72. The disclosure for this sale can be found here. Insiders sold 19,290 shares of company stock worth $3,276,368 over the last quarter. 0.36% of the stock is currently owned by insiders.
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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