Tokio Marine Asset Management Co. Ltd. trimmed its position in shares of Anthem, Inc. (NYSE:ANTM) by 22.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,305 shares of the company’s stock after selling 672 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Anthem were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in shares of Anthem during the second quarter worth $128,000. Salem Investment Counselors Inc. lifted its position in shares of Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after acquiring an additional 10 shares in the last quarter. Harding Loevner LP purchased a new stake in shares of Anthem during the second quarter worth $151,000. Krilogy Financial LLC purchased a new stake in shares of Anthem during the second quarter worth $160,000. Finally, Cedar Wealth Management LLC lifted its position in shares of Anthem by 1.7% during the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.
Shares of Anthem, Inc. (NYSE:ANTM) opened at $211.80 on Friday. The stock has a market cap of $54.07 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.73 and a beta of 0.77. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 EPS. analysts forecast that Anthem, Inc. will post 11.97 earnings per share for the current fiscal year.
The company also recently declared 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. The ex-dividend date is Monday, December 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.32%. Anthem’s payout ratio is 25.32%.
Several equities research analysts have issued reports on ANTM shares. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Morgan Stanley increased their price objective on Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Jefferies Group LLC increased their price objective on Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $215.00 price objective on shares of Anthem in a research report on Wednesday, September 20th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $197.69.
In related news, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $197.00, for a total value of $4,161,625.00. Following the completion of the sale, the insider now owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Julie A. Hill sold 524 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. In the last three months, insiders sold 73,026 shares of company stock valued at $14,467,283. 0.36% of the stock is currently owned by company insiders.
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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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