Community Bank N.A. Decreases Stock Position in Anthem Inc (NYSE:ANTM)

Community Bank N.A. reduced its holdings in shares of Anthem Inc (NYSE:ANTM) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,140 shares of the company’s stock after selling 50 shares during the quarter. Community Bank N.A.’s holdings in Anthem were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Symmetry Partners LLC acquired a new stake in shares of Anthem during the 2nd quarter worth about $505,000. HighTower Advisors LLC acquired a new stake in Anthem during the first quarter worth approximately $2,884,000. Empowered Funds LLC grew its stake in Anthem by 30.3% in the 2nd quarter. Empowered Funds LLC now owns 9,324 shares of the company’s stock worth $2,452,000 after acquiring an additional 2,170 shares during the period. FDx Advisors Inc. raised its holdings in Anthem by 35.7% in the 1st quarter. FDx Advisors Inc. now owns 2,289 shares of the company’s stock valued at $520,000 after acquiring an additional 602 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of Anthem by 2.0% during the 2nd quarter. CENTRAL TRUST Co now owns 2,991 shares of the company’s stock worth $787,000 after purchasing an additional 60 shares during the period. Institutional investors own 86.82% of the company’s stock.

Several research firms recently commented on ANTM. Morgan Stanley upped their target price on Anthem from $310.00 to $423.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. UBS Group increased their price objective on shares of Anthem from $307.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on shares of Anthem in a research report on Friday, June 5th. They issued a “neutral” rating and a $340.00 target price on the stock. SVB Leerink upped their price target on shares of Anthem from $325.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Deutsche Bank decreased their price target on shares of Anthem from $362.00 to $349.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $333.50.

Shares of ANTM stock traded down $3.39 during trading hours on Friday, reaching $273.80. The company had a trading volume of 1,005,292 shares, compared to its average volume of 1,187,834. The company has a market capitalization of $68.86 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 1.64. Anthem Inc has a twelve month low of $171.03 and a twelve month high of $309.10. The stock’s fifty day simple moving average is $264.60 and its 200 day simple moving average is $268.06.

Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 29th. The company reported $9.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.77 by $0.43. The firm had revenue of $29.20 billion during the quarter, compared to analysts’ expectations of $29.37 billion. Anthem had a return on equity of 19.44% and a net margin of 5.24%. Anthem’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.64 EPS. As a group, equities analysts expect that Anthem Inc will post 22.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, September 9th. Anthem’s payout ratio is 19.55%.

In related news, Director Robert L. Dixon, Jr. sold 1,102 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $284.59, for a total value of $313,618.18. Following the completion of the transaction, the director now owns 9,568 shares of the company’s stock, valued at $2,722,957.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gloria M. Mccarthy sold 18,261 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $276.11, for a total value of $5,042,044.71. Following the sale, the executive vice president now owns 60,360 shares of the company’s stock, valued at approximately $16,665,999.60. The disclosure for this sale can be found here. Insiders have sold a total of 20,465 shares of company stock worth $5,667,815 in the last ninety days. 0.22% of the stock is currently owned by insiders.

Anthem Company Profile

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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