South State Corp Grows Holdings in Anthem, Inc. (ANTM)

South State Corp grew its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 10.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,322 shares of the company’s stock after buying an additional 4,817 shares during the quarter. Anthem accounts for 1.2% of South State Corp’s portfolio, making the stock its 20th largest position. South State Corp’s holdings in Anthem were worth $9,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after purchasing an additional 21,914,321 shares during the period. Boston Partners boosted its stake in shares of Anthem by 112.6% in the first quarter. Boston Partners now owns 3,895,863 shares of the company’s stock valued at $644,298,000 after purchasing an additional 2,063,562 shares during the period. Wellington Management Group LLP boosted its stake in shares of Anthem by 53.5% in the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after purchasing an additional 1,548,077 shares during the period. OZ Management LP purchased a new position in shares of Anthem in the first quarter valued at $192,493,000. Finally, FMR LLC boosted its stake in shares of Anthem by 8.2% in the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock valued at $2,039,982,000 after purchasing an additional 934,509 shares during the period. Institutional investors own 87.69% of the company’s stock.

Shares of Anthem, Inc. (ANTM) traded down 3.26% during mid-day trading on Tuesday, hitting $189.57. 764,912 shares of the company’s stock were exchanged. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $198.98. The firm has a 50 day moving average price of $191.62 and a 200-day moving average price of $181.23. The company has a market capitalization of $49.78 billion, a price-to-earnings ratio of 17.93 and a beta of 0.70.

Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. Anthem’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.33 earnings per share. On average, equities analysts anticipate that Anthem, Inc. will post $11.83 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a dividend of $0.70 per share. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. This represents a $2.80 annualized dividend and a dividend yield of 1.43%. Anthem’s payout ratio is presently 26.52%.

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Several brokerages have recently weighed in on ANTM. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $221.00 target price for the company in a research note on Wednesday, September 6th. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Jefferies Group LLC restated a “hold” rating and issued a $204.00 target price on shares of Anthem in a research note on Sunday, August 20th. Morgan Stanley upped their target price on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $215.00 target price (up from $210.00) on shares of Anthem in a research note on Wednesday, July 26th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $183.94.

In related news, Director Julie A. Hill sold 524 shares of Anthem stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total transaction of $99,979.20. Following the sale, the director now directly owns 36,924 shares in the company, valued at $7,045,099.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction 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 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. In the last ninety days, insiders have sold 30,776 shares of company stock worth $6,007,143. 0.36% of the stock is owned by insiders.

Anthem 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.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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