Cypress Capital Management LLC lessened its position in Anthem, Inc. (NYSE:ANTM) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,289 shares of the company’s stock after selling 110 shares during the quarter. Cypress Capital Management LLC’s holdings in Anthem were worth $1,181,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Anthem by 2.9% during the fourth quarter. FMR LLC now owns 8,733,037 shares of the company’s stock worth $2,804,091,000 after buying an additional 244,712 shares in the last quarter. Alliancebernstein L.P. lifted its position in Anthem by 3.0% during the first quarter. Alliancebernstein L.P. now owns 3,697,744 shares of the company’s stock worth $1,327,305,000 after buying an additional 106,902 shares in the last quarter. Sanders Capital LLC lifted its position in Anthem by 1.6% during the first quarter. Sanders Capital LLC now owns 3,505,947 shares of the company’s stock worth $1,368,207,000 after buying an additional 55,780 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in Anthem by 39.7% during the first quarter. Artisan Partners Limited Partnership now owns 3,362,687 shares of the company’s stock worth $1,207,037,000 after buying an additional 956,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Anthem by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,784,563 shares of the company’s stock worth $893,986,000 after buying an additional 14,556 shares in the last quarter. Institutional investors and hedge funds own 88.53% of the company’s stock.
Shares of NYSE ANTM traded down $0.85 during trading on Friday, reaching $383.58. The stock had a trading volume of 6,870 shares, compared to its average volume of 1,224,317. Anthem, Inc. has a fifty-two week low of $244.10 and a fifty-two week high of $406.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a 50-day moving average price of $383.27. The stock has a market capitalization of $93.92 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.22 and a beta of 1.05.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Thursday, June 10th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.18%. This is a boost from Anthem’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Wednesday, June 9th. Anthem’s payout ratio is presently 20.11%.
A number of equities analysts recently commented on ANTM shares. Stephens lifted their price objective on Anthem from $395.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, April 22nd. Mizuho raised their target price on Anthem from $320.00 to $380.00 and gave the stock a “neutral” rating in a research note on Monday, May 3rd. Argus raised their target price on Anthem from $330.00 to $435.00 and gave the stock a “buy” rating in a research note on Thursday, May 6th. Cowen raised their target price on Anthem from $360.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 14th. Finally, Zacks Investment Research cut Anthem from a “hold” rating to a “sell” rating and set a $379.00 target price for the company. in a research note on Thursday, March 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $403.89.
In related news, EVP Peter D. Haytaian sold 59,500 shares of the business’s stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $349.20, for a total transaction of $20,777,400.00. Following the completion of the transaction, the executive vice president now directly owns 59,544 shares of the company’s stock, valued at approximately $20,792,764.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ramiro G. Peru sold 1,308 shares of Anthem stock in a transaction dated Monday, May 24th. The stock was sold at an average price of $398.02, for a total value of $520,610.16. Following the sale, the director now directly owns 9,462 shares of the company’s stock, valued at $3,766,065.24. The disclosure for this sale can be found here. Insiders have sold a total of 108,560 shares of company stock valued at $40,153,633 over the last three months. 0.28% of the stock is currently owned by insiders.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small groups, individuals, Medicaid, and Medicare markets.
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