Latest Stocks: Suntrust Banks Inc. Sells 1,174 Shares of Anthem Inc (ANTM)

Latest Stocks: Suntrust Banks Inc. Sells 1,174 Shares of Anthem Inc (ANTM)

Suntrust Banks Inc. reduced its stake in shares of Anthem Inc (NYSE:ANTM) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,076 shares of the company’s stock after selling 1,174 shares during the period. Suntrust Banks Inc.’s holdings in Anthem were worth $4,807,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ANTM. Rothschild Asset Management Inc. raised its position in Anthem by 15.7% in the third quarter. Rothschild Asset Management Inc. now owns 4,228 shares of the company’s stock worth $530,000 after buying an additional 573 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Anthem by 1.6% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,259 shares of the company’s stock valued at $2,538,000 after buying an additional 318 shares during the last quarter. Narwhal Capital Management raised its position in Anthem by 0.6% in the third quarter. Narwhal Capital Management now owns 24,050 shares of the company’s stock valued at $3,014,000 after buying an additional 150 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in Anthem by 1.6% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 457,245 shares of the company’s stock valued at $57,297,000 after buying an additional 7,117 shares during the last quarter. Finally, Seatown Holdings Pte. Ltd. purchased a new position in Anthem during the third quarter valued at $21,782,000. Institutional investors and hedge funds own 88.18% of the company’s stock.

Shares of Anthem Inc (ANTM) opened at 186.69 on Tuesday. Anthem Inc has a 52 week low of $114.85 and a 52 week high of $188.28. The company’s 50-day moving average is $178.10 and its 200-day moving average is $161.28. The firm has a market cap of $49.47 billion, a PE ratio of 18.09 and a beta of 0.69.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.83. Anthem had a return on equity of 12.08% and a net margin of 2.91%. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.23 billion. During the same period in the previous year, the company earned $3.46 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Anthem Inc will post $11.77 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be issued a dividend of $0.65 per share. The ex-dividend date is Wednesday, June 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.39%. Anthem’s dividend payout ratio (DPR) is presently 28.23%.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.83. Anthem had a return on equity of 12.08% and a net margin of 2.91%. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.23 billion. During the same period in the previous year, the company earned $3.46 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Anthem Inc will post $11.77 EPS for the current fiscal year. Several research firms have weighed in on ANTM. Cantor Fitzgerald reiterated a “buy” rating and issued a $136.00 target price on shares of Anthem in a report on Thursday, May 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $183.00 target price (up from $179.00) on shares of Anthem in a report on Thursday, April 27th. Sanford C. Bernstein boosted their target price on shares of Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Deutsche Bank AG boosted their price target on shares of Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $183.00 price target (up from $177.00) on shares of Anthem in a research note on Sunday, April 23rd. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $162.47.

In related news, EVP Gloria M. Mccarthy sold 15,187 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $166.38, for a total value of $2,526,813.06. Following the completion of the transaction, the executive vice president now directly owns 59,144 shares in the company, valued at $9,840,378.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ramiro G. Peru sold 2,681 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total value of $486,815.98. Following the completion of the transaction, the director now owns 13,571 shares of the company’s stock, valued at $2,464,222.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,423 shares of company stock valued at $3,113,840. Corporate insiders own 0.37% of the company’s stock. About Anthem

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