Gavea Investimentos Ltda Purchases New Position in Anthem, Inc. (NYSE:ANTM)

Gavea Investimentos Ltda purchased a new stake in Anthem, Inc. (NYSE:ANTM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $2,686,000. Anthem makes up about 6.4% of Gavea Investimentos Ltda’s portfolio, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smithfield Trust Co. lifted its position in shares of Anthem by 241.5% during the 2nd quarter. Smithfield Trust Co. now owns 222 shares of the company’s stock worth $58,000 after buying an additional 157 shares in the last quarter. OPSEU Pension Plan Trust Fund increased its stake in shares of Anthem by 16.9% during the 3rd quarter. OPSEU Pension Plan Trust Fund now owns 4,334 shares of the company’s stock worth $1,166,000 after purchasing an additional 628 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Anthem by 7.2% during the 3rd quarter. Private Advisor Group LLC now owns 8,213 shares of the company’s stock worth $2,187,000 after purchasing an additional 552 shares during the last quarter. Atria Investments LLC increased its stake in shares of Anthem by 19.5% during the 2nd quarter. Atria Investments LLC now owns 10,120 shares of the company’s stock worth $2,661,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Pensionfund Sabic increased its stake in shares of Anthem by 11.6% during the 3rd quarter. Pensionfund Sabic now owns 9,650 shares of the company’s stock worth $2,592,000 after purchasing an additional 1,000 shares during the last quarter. 78.40% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Anthem from $324.00 to $389.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. SVB Leerink raised their price target on shares of Anthem from $345.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. They noted that the move was a valuation call. Piper Sandler raised their price target on shares of Anthem from $330.00 to $369.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Anthem from $349.00 to $337.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Smith Barney Citigroup lifted their price objective on shares of Anthem from $325.00 to $338.00 in a research note on Thursday, October 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. Anthem has a consensus rating of “Buy” and a consensus price target of $343.94.

Shares of NYSE ANTM traded up $0.74 during mid-day trading on Monday, reaching $313.54. 18,486 shares of the company were exchanged, compared to its average volume of 1,605,626. Anthem, Inc. has a 52 week low of $171.03 and a 52 week high of $338.20. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $76.86 billion, a PE ratio of 16.17, a PEG ratio of 0.99 and a beta of 0.97. The company’s 50 day moving average price is $305.25 and its 200 day moving average price is $280.30.

Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.04 by $0.16. Anthem had a net margin of 4.22% and a return on equity of 18.45%. The company had revenue of $30.65 billion during the quarter, compared to the consensus estimate of $29.81 billion. On average, sell-side analysts predict that Anthem, Inc. will post 22.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Monday, December 7th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, December 4th. Anthem’s dividend payout ratio is presently 19.55%.

In other news, EVP Peter D. Haytaian sold 4,667 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $280.00, for a total transaction of $1,306,760.00. Following the completion of the transaction, the executive vice president now directly owns 41,177 shares of the company’s stock, valued at $11,529,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter D. Haytaian sold 5,834 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $291.95, for a total transaction of $1,703,236.30. Following the transaction, the executive vice president now directly owns 42,602 shares of the company’s stock, valued at $12,437,653.90. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Anthem Profile

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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