First Business Financial Services Inc. held its position in Anthem, Inc. (NYSE:ANTM) during the third quarter, Holdings Channel reports. The firm owned 2,882 shares of the company’s stock at the end of the third quarter. First Business Financial Services Inc.’s holdings in Anthem were worth $361,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in ANTM. NEXT Financial Group Inc boosted its stake in Anthem by 51.2% in the third quarter. NEXT Financial Group Inc now owns 803 shares of the company’s stock worth $101,000 after buying an additional 272 shares during the period. Invictus RG boosted its stake in Anthem by 338.5% in the second quarter. Invictus RG now owns 1,013 shares of the company’s stock worth $133,000 after buying an additional 782 shares during the period. Quadrant Capital Group LLC boosted its stake in Anthem by 7.7% in the third quarter. Quadrant Capital Group LLC now owns 1,284 shares of the company’s stock worth $157,000 after buying an additional 92 shares during the period. Cohen & Steers Inc. boosted its stake in Anthem by 66.7% in the second quarter. Cohen & Steers Inc. now owns 1,500 shares of the company’s stock worth $197,000 after buying an additional 600 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in Anthem during the second quarter worth approximately $210,000. Institutional investors and hedge funds own 88.14% of the company’s stock.
Shares of Anthem, Inc. (NYSE:ANTM) traded up 0.45% during mid-day trading on Friday, reaching $153.09. The company’s stock had a trading volume of 369,197 shares. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $154.61. The firm’s 50 day moving average price is $146.40 and its 200-day moving average price is $133.45. The company has a market capitalization of $40.33 billion, a price-to-earnings ratio of 17.97 and a beta of 0.64.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $2.45 EPS for the quarter, missing the consensus estimate of $2.47 by $0.02. The business earned $21.13 billion during the quarter, compared to analyst estimates of $20.77 billion. Anthem had a net margin of 2.74% and a return on equity of 11.64%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.73 earnings per share. On average, analysts predict that Anthem, Inc. will post $10.86 EPS for the current year.
A number of equities research analysts have recently commented on ANTM shares. Sanford C. Bernstein restated an “outperform” rating and set a $183.00 target price on shares of Anthem in a research report on Thursday, December 1st. Piper Jaffray Companies initiated coverage on Anthem in a report on Wednesday, January 4th. They issued a “neutral” rating and a $151.00 price objective on the stock. Wolfe Research upgraded Anthem from a “market perform” rating to an “outperform” rating and set a $173.00 price objective on the stock in a report on Tuesday, November 22nd. J P Morgan Chase & Co cut Anthem from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $154.00 to $132.00 in a report on Monday, October 17th. Finally, Wells Fargo & Company upgraded Anthem from a “market perform” rating to an “outperform” rating in a report on Thursday, December 1st. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Anthem currently has a consensus rating of “Buy” and an average target price of $156.93.
In related news, insider Joseph Swedish sold 24,513 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $131.48, for a total transaction of $3,222,969.24. Following the sale, the insider now owns 87,381 shares in the company, valued at $11,488,853.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ronald W. Penczek sold 820 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $138.29, for a total transaction of $113,397.80. Following the sale, the senior vice president now owns 1,320 shares in the company, valued at approximately $182,542.80. The disclosure for this sale can be found here. Insiders sold 40,009 shares of company stock worth $5,443,509 over the last quarter. Company insiders own 0.37% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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