DekaBank Deutsche Girozentrale lowered its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 36.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,438 shares of the company’s stock after selling 93,530 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.06% of Anthem worth $31,638,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Anthem by 177.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock valued at $238,783,000 after acquiring an additional 811,537 shares in the last quarter. Swiss National Bank raised its stake in Anthem by 3.3% during the 2nd quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock valued at $193,161,000 after acquiring an additional 32,900 shares in the last quarter. Deschutes Portfolio Strategy LLC acquired a new position in shares of Anthem during the 2nd quarter valued at $273,000. WBI Investments Inc. increased its position in shares of Anthem by 637.6% during the 2nd quarter. WBI Investments Inc. now owns 56,233 shares of the company’s stock valued at $10,579,000 after purchasing an additional 48,609 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in shares of Anthem by 1.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock valued at $8,850,000 after purchasing an additional 873 shares during the period. 88.91% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on ANTM shares. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Morgan Stanley lifted their price target on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. BidaskClub cut Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Jefferies Group LLC lifted their price target on Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $215.00 price target on shares of Anthem in a research report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Anthem currently has an average rating of “Buy” and a consensus price target of $197.69.
In related news, 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 transaction of $4,161,625.00. Following the completion of the sale, the insider now owns 87,668 shares of the company’s stock, valued at $17,270,596. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Julie A. Hill sold 1,602 shares of Anthem stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total value of $345,551.40. Following the sale, the director now directly owns 35,322 shares of the company’s stock, valued at approximately $7,618,955.40. The disclosure for this sale can be found here. Insiders have sold 65,955 shares of company stock worth $13,179,953 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.
Shares of Anthem, Inc. (NYSE ANTM) traded up $0.19 during mid-day trading on Tuesday, hitting $218.46. The stock had a trading volume of 2,432,900 shares, compared to its average volume of 1,593,805. Anthem, Inc. has a twelve month low of $132.65 and a twelve month high of $220.75. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $56,043.11, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. Anthem’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts anticipate that Anthem, Inc. will post 11.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.28%. Anthem’s dividend payout ratio is 25.32%.
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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