Majedie Asset Management Ltd boosted its position in shares of Anthem, Inc. (NYSE:ANTM) by 39.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,403 shares of the company’s stock after buying an additional 22,808 shares during the period. Anthem comprises approximately 1.4% of Majedie Asset Management Ltd’s holdings, making the stock its 20th largest position. Majedie Asset Management Ltd’s holdings in Anthem were worth $13,297,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of ANTM. FTB Advisors Inc. boosted its position in Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock worth $117,000 after buying an additional 67 shares in the last quarter. Focused Wealth Management Inc purchased a new stake in Anthem during the first quarter worth about $149,000. Integrated Investment Consultants LLC increased its stake in Anthem by 35.3% in the first quarter. Integrated Investment Consultants LLC now owns 1,150 shares of the company’s stock worth $190,000 after buying an additional 300 shares during the last quarter. Cpcm LLC purchased a new stake in Anthem during the fourth quarter worth about $203,000. Finally, Gamble Jones Investment Counsel purchased a new stake in Anthem during the first quarter worth about $206,000. 88.69% of the stock is currently owned by hedge funds and other institutional investors.
Anthem, Inc. (NYSE ANTM) traded down 0.20% on Tuesday, reaching $192.36. The company had a trading volume of 593,264 shares. The stock has a market capitalization of $50.97 billion, a P/E ratio of 18.64 and a beta of 0.68. Anthem, Inc. has a 12 month low of $114.85 and a 12 month high of $192.85. The firm has a 50-day moving average of $183.02 and a 200-day moving average of $164.55.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.85 by $0.83. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $21.23 billion. Anthem had a net margin of 3.19% and a return on equity of 13.13%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.46 earnings per share. On average, equities research analysts expect that Anthem, Inc. will post $11.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, June 7th. Anthem’s payout ratio is 25.22%.
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Several equities analysts have commented on the company. Morgan Stanley began coverage on Anthem in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective on the stock. Jefferies Group LLC restated a “hold” rating and set a $183.00 price objective (up from $177.00) on shares of Anthem in a research note on Sunday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $183.00 price target (up from $179.00) on shares of Anthem in a research note on Thursday, April 27th. Cantor Fitzgerald reissued a “buy” rating and issued a $136.00 price objective on shares of Anthem in a report on Thursday, May 11th. Finally, Deutsche Bank AG began coverage on Anthem in a report on Wednesday, April 5th. They set a “hold” rating and a $166.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $164.56.
In related news, SVP Ronald W. Penczek sold 867 shares of Anthem stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total value of $162,527.82. Following the completion of the sale, the senior vice president now owns 1,872 shares of the company’s stock, valued at approximately $350,925.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Julie A. Hill sold 555 shares of Anthem stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total transaction of $100,210.80. Following the completion of the sale, the director now directly owns 37,448 shares of the company’s stock, valued at approximately $6,761,610.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,290 shares of company stock worth $3,276,368. Corporate insiders own 0.36% of the company’s stock.
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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