Investec Asset Management LTD lowered its stake in shares of Anthem, Inc. (NYSE:ANTM) by 39.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,834 shares of the company’s stock after selling 27,045 shares during the quarter. Investec Asset Management LTD’s holdings in Anthem were worth $7,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Anthem by 2,873.5% during the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after buying an additional 21,914,321 shares during the period. Vanguard Group Inc. increased its position in shares of Anthem by 4.2% during the first quarter. Vanguard Group Inc. now owns 17,325,680 shares of the company’s stock valued at $2,865,321,000 after buying an additional 700,705 shares during the period. FMR LLC increased its position in shares of Anthem by 8.2% during the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock valued at $2,039,982,000 after buying an additional 934,509 shares during the period. State Street Corp increased its position in shares of Anthem by 3.0% during the first quarter. State Street Corp now owns 11,362,446 shares of the company’s stock valued at $1,879,127,000 after buying an additional 328,727 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Anthem by 53.5% during the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after buying an additional 1,548,077 shares during the period. Institutional investors own 87.65% of the company’s stock.
Several equities analysts recently issued reports on ANTM shares. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Citigroup Inc. reiterated a “buy” rating and set a $205.00 price target on shares of Anthem in a research report on Wednesday, June 28th. Morgan Stanley started coverage on shares of Anthem in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $215.00 price target (up previously from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Finally, Credit Suisse Group started coverage on shares of Anthem in a research report on Wednesday, July 12th. They set a “neutral” rating and a $195.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Anthem presently has an average rating of “Hold” and an average price target of $183.44.
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In other news, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $191.25, for a total value of $1,745,538.75. Following the sale, the executive vice president now directly owns 26,571 shares in the company, valued at approximately $5,081,703.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the completion of the sale, the insider now owns 87,668 shares in the company, valued at $17,270,596. The disclosure for this sale can be found here. Insiders sold a total of 30,776 shares of company stock worth $6,007,143 over the last 90 days. Company insiders own 0.36% of the company’s stock.
Anthem, Inc. (NYSE ANTM) opened at 179.78 on Wednesday. The company has a market cap of $47.21 billion, a P/E ratio of 17.00 and a beta of 0.70. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $198.98. The stock has a 50 day moving average of $191.59 and a 200 day moving average of $182.25.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. During the same period last year, the business earned $3.33 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that Anthem, Inc. will post $11.83 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a $0.70 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is currently 26.52%.
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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