OLD National Bancorp IN Raises Position in Anthem Inc (NYSE:ANTM)

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OLD National Bancorp IN increased its holdings in Anthem Inc (NYSE:ANTM) by 29.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,027 shares of the company’s stock after buying an additional 2,755 shares during the period. OLD National Bancorp IN’s holdings in Anthem were worth $3,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ANTM. Horan Capital Advisors LLC. purchased a new stake in shares of Anthem during the first quarter valued at $52,000. Cable Hill Partners LLC boosted its holdings in Anthem by 77.5% in the first quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock valued at $36,000 after purchasing an additional 55 shares during the last quarter. Wade G W & Inc. purchased a new stake in Anthem in the first quarter valued at $274,000. Evolution Wealth Advisors LLC purchased a new stake in Anthem in the second quarter valued at $55,000. Finally, Wealthfront Advisers LLC boosted its holdings in Anthem by 22.7% in the first quarter. Wealthfront Advisers LLC now owns 7,098 shares of the company’s stock valued at $2,037,000 after purchasing an additional 1,314 shares during the last quarter. 87.79% of the stock is owned by institutional investors.

ANTM opened at $281.99 on Tuesday. Anthem Inc has a twelve month low of $227.16 and a twelve month high of $317.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 1.64. The stock’s 50-day moving average is $292.38. The firm has a market cap of $73.84 billion, a P/E ratio of 17.75, a PEG ratio of 1.07 and a beta of 0.71.

Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 EPS for the quarter, beating the Zacks’ consensus estimate of $4.61 by $0.03. The company had revenue of $25.20 billion during the quarter, compared to the consensus estimate of $24.88 billion. Anthem had a net margin of 4.21% and a return on equity of 15.02%. Anthem’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.25 EPS. As a group, sell-side analysts expect that Anthem Inc will post 19.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.20 dividend on an annualized basis and a yield of 1.13%. Anthem’s payout ratio is 20.14%.

ANTM has been the topic of several recent research reports. Barclays upped their price target on shares of Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. UBS Group initiated coverage on shares of Anthem in a report on Tuesday, April 23rd. They issued a “buy” rating and a $294.00 price target on the stock. Morgan Stanley upped their price target on shares of Anthem from $359.00 to $371.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $293.00 price target on the stock in a report on Thursday, May 16th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $360.00 price objective on shares of Anthem in a research report on Sunday, April 21st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $325.67.

In other news, EVP Thomas C. Zielinski sold 8,826 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $283.92, for a total value of $2,505,877.92. Following the completion of the sale, the executive vice president now owns 33,183 shares of the company’s stock, valued at approximately $9,421,317.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert L. Dixon, Jr. sold 520 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $294.11, for a total transaction of $152,937.20. Following the completion of the sale, the director now directly owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,765 shares of company stock valued at $3,327,092. 0.17% of the stock is owned by insiders.

About Anthem

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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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