DnB Asset Management AS Sells 56,900 Shares of Anthem Inc (ANTM)

DnB Asset Management AS cut its holdings in Anthem Inc (NYSE:ANTM) by 40.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 83,450 shares of the company’s stock after selling 56,900 shares during the period. DnB Asset Management AS’s holdings in Anthem were worth $18,777,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Anthem by 2,835.4% during the second quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock worth $218,554,000 after acquiring an additional 1,122,159 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Anthem by 80.6% during the second quarter. UBS Asset Management Americas Inc. now owns 1,583,761 shares of the company’s stock worth $297,953,000 after acquiring an additional 706,775 shares during the period. BlueMountain Capital Management LLC increased its stake in shares of Anthem by 12,287.7% during the second quarter. BlueMountain Capital Management LLC now owns 596,715 shares of the company’s stock worth $112,260,000 after acquiring an additional 591,898 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Anthem during the third quarter worth about $101,758,000. Finally, Vanguard Group Inc. increased its stake 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 acquiring an additional 479,046 shares during the period. Institutional investors own 87.41% of the company’s stock.

In related news, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the sale, the executive vice president now owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $209.85, for a total transaction of $4,433,081.25. Following the completion of the sale, the insider now directly owns 87,668 shares in the company, valued at approximately $18,397,129.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,259 shares of company stock worth $13,194,281. 0.36% of the stock is owned by insiders.

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Thursday, September 14th. Cantor Fitzgerald reiterated a “buy” rating and set a $220.00 price target on shares of Anthem in a research note on Wednesday, October 25th. Cowen reiterated a “buy” rating and set a $160.00 price target on shares of Anthem in a research note on Thursday, September 21st. Finally, BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $206.60.

Shares of Anthem Inc (NYSE:ANTM) opened at $233.89 on Thursday. The company has a market cap of $60,050.00, a PE ratio of 21.15, a P/E/G ratio of 1.70 and a beta of 0.79. Anthem Inc has a fifty-two week low of $143.99 and a fifty-two week high of $236.39. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53.

Anthem (NYSE:ANTM) last released 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 firm had revenue of $22.10 billion for 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%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.45 earnings per share. analysts forecast that Anthem Inc will post 11.97 EPS for the current year.

Anthem announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Tuesday, December 5th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Monday, December 4th. Anthem’s dividend payout ratio is currently 25.32%.

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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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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