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%.
COPYRIGHT VIOLATION WARNING: “South State Corp Grows Holdings in Anthem, Inc. (ANTM)” was first reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.thestockobserver.com/2017/09/12/south-state-corp-grows-holdings-in-anthem-inc-antm.html.
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, 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.
Receive News & Ratings for Anthem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.