State Board of Administration of Florida Retirement System raised its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 394,157 shares of the company’s stock after purchasing an additional 3,092 shares during the period. State Board of Administration of Florida Retirement System owned 0.15% of Anthem worth $74,843,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Anthem by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after purchasing an additional 479,046 shares in the last quarter. Orbis Allan Gray Ltd increased its position in shares of Anthem by 4.3% during the second quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock worth $799,933,000 after purchasing an additional 176,023 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Anthem by 1.5% during the second quarter. First Eagle Investment Management LLC now owns 3,032,773 shares of the company’s stock worth $570,556,000 after purchasing an additional 43,843 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Anthem by 24.1% during the third quarter. APG Asset Management N.V. now owns 1,925,522 shares of the company’s stock worth $365,618,000 after purchasing an additional 373,500 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Anthem by 3.2% during the second quarter. Alliancebernstein L.P. now owns 1,777,978 shares of the company’s stock worth $334,491,000 after purchasing an additional 55,597 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.
Anthem, Inc. (ANTM) traded up $1.81 during mid-day trading on Friday, hitting $211.34. 388,387 shares of the stock traded hands, compared to its average volume of 1,812,068. The firm has a market capitalization of $54,071.19, a PE ratio of 16.90 and a beta of 0.77.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.25. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. Anthem’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.45 earnings per share. sell-side analysts forecast that Anthem, Inc. will post 11.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio (DPR) is 25.32%.
In other news, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $209.85, for a total transaction of $4,433,081.25. Following the transaction, the insider now directly owns 87,668 shares of the company’s stock, valued at $18,397,129.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Julie A. Hill sold 524 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total value of $99,979.20. Following the transaction, the director now directly owns 36,924 shares in the company, valued at $7,045,099.20. The disclosure for this sale can be found here. Insiders sold 73,026 shares of company stock valued at $14,467,283 in the last three months. 0.36% of the stock is currently owned by insiders.
A number of brokerages have recently weighed in on ANTM. Morgan Stanley boosted their price objective on shares of Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Thursday, September 14th. Bank of America Corporation boosted their price objective on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 14th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Deutsche Bank AG boosted their price objective on shares of Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 13th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Anthem presently has an average rating of “Buy” and an average target price of $195.47.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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