Tredje AP fonden raised its holdings in shares of Anthem Inc (NYSE:ANTM) by 19.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 18,657 shares of the company’s stock after acquiring an additional 3,073 shares during the period. Tredje AP fonden’s holdings in Anthem were worth $3,840,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Wealth Quarterback LLC bought a new stake in shares of Anthem during the 4th quarter valued at $3,675,210,000. Capital International Investors raised its position in shares of Anthem by 22.8% during the 4th quarter. Capital International Investors now owns 6,978,994 shares of the company’s stock valued at $2,107,866,000 after acquiring an additional 1,298,029 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Anthem by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 3,722,729 shares of the company’s stock valued at $1,122,049,000 after acquiring an additional 181,091 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Anthem by 2.1% in the 4th quarter. Alliancebernstein L.P. now owns 3,103,836 shares of the company’s stock valued at $937,452,000 after buying an additional 64,509 shares in the last quarter. Finally, Sanders Capital LLC increased its position in shares of Anthem by 14.0% in the 4th quarter. Sanders Capital LLC now owns 2,617,744 shares of the company’s stock valued at $890,028,000 after buying an additional 322,073 shares in the last quarter. Institutional investors own 86.40% of the company’s stock.
A number of equities analysts recently weighed in on the stock. UBS Group upped their target price on shares of Anthem from $307.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. They noted that the move was a valuation call. Credit Suisse Group reduced their price objective on shares of Anthem from $380.00 to $355.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Bank of America cut their target price on shares of Anthem from $330.00 to $324.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Royal Bank of Canada reiterated a “buy” rating and issued a $319.00 target price on shares of Anthem in a research note on Sunday, April 12th. Finally, Jefferies Financial Group cut shares of Anthem from a “buy” rating to a “hold” rating and set a $257.00 price target on the stock. in a report on Thursday, April 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $328.31.
Anthem stock traded down $1.57 during mid-day trading on Friday, reaching $277.11. The company had a trading volume of 889,794 shares, compared to its average volume of 1,344,740. Anthem Inc has a fifty-two week low of $171.03 and a fifty-two week high of $312.48. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.60. The company has a market cap of $70.26 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.86 and a beta of 0.97. The business has a fifty day simple moving average of $258.58 and a 200 day simple moving average of $275.14.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, April 29th. The company reported $6.48 earnings per share for the quarter, missing analysts’ consensus estimates of $6.54 by ($0.06). Anthem had a net margin of 4.38% and a return on equity of 16.38%. The company had revenue of $29.45 billion during the quarter, compared to analyst estimates of $28.63 billion. During the same quarter in the prior year, the business earned $6.03 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. Research analysts forecast that Anthem Inc will post 22.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a $0.95 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.37%. Anthem’s dividend payout ratio is currently 19.55%.
In other news, EVP Gloria M. Mccarthy sold 16,884 shares of Anthem stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $270.00, for a total transaction of $4,558,680.00. Following the transaction, the executive vice president now owns 42,099 shares in the company, valued at $11,366,730. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gloria M. Mccarthy sold 18,261 shares of Anthem stock in a transaction on Friday, May 15th. The stock was sold at an average price of $276.11, for a total transaction of $5,042,044.71. Following the transaction, the executive vice president now owns 60,360 shares in the company, valued at approximately $16,665,999.60. The disclosure for this sale can be found here. Insiders sold 55,553 shares of company stock worth $15,286,509 in the last 90 days. Company insiders own 0.22% of the company’s stock.
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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