Dynamic Technology Lab Private Ltd acquired a new position in Anthem, Inc. (NYSE:ANTM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,960 shares of the company’s stock, valued at approximately $744,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Anthem by 2,873.5% during the 1st quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after acquiring an additional 21,914,321 shares during the period. Vanguard Group Inc. raised its stake in Anthem by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after acquiring an additional 479,046 shares during the period. State Street Corp grew its holdings in Anthem by 3.0% during the 1st quarter. State Street Corp now owns 11,362,446 shares of the company’s stock valued at $1,879,127,000 after buying an additional 328,727 shares in the last quarter. Orbis Allan Gray Ltd grew its holdings in Anthem by 4.3% during the 2nd quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock valued at $799,933,000 after buying an additional 176,023 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Anthem by 11.5% during the 1st quarter. AQR Capital Management LLC now owns 3,068,384 shares of the company’s stock valued at $507,449,000 after buying an additional 315,756 shares in the last quarter. Institutional investors own 87.80% of the company’s stock.
ANTM has been the subject of a number of recent research reports. Bank of America Corporation raised their target price on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 14th. BidaskClub lowered shares of Anthem from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $219.00 target price for the company in a report on Thursday, August 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $215.00 target price on shares of Anthem in a report on Thursday, September 14th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $160.00 price objective on shares of Anthem in a research note on Thursday, September 21st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $193.18.
Anthem, Inc. (NYSE ANTM) traded up 2.27% during trading on Friday, reaching $211.61. The company’s stock had a trading volume of 1,397,361 shares. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $211.93. The stock has a market capitalization of $55.57 billion, a PE ratio of 20.01 and a beta of 0.71. The stock has a 50 day moving average price of $189.74 and a 200 day moving average price of $186.58.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.25. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the company posted $2.45 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts anticipate that Anthem, Inc. will post $11.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Monday, December 4th. Anthem’s payout ratio is currently 26.52%.
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In other Anthem news, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the completion of the transaction, the executive vice president now directly owns 26,571 shares of the company’s stock, valued at approximately $5,081,703.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph Swedish sold 21,125 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total value of $4,027,058.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,901 shares of company stock valued at $10,034,202. 0.36% of the stock is currently owned by corporate 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.
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