Korea Investment CORP decreased its position in shares of Anthem, Inc. (NYSE:ANTM) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,045 shares of the company’s stock after selling 12,600 shares during the period. Korea Investment CORP owned approximately 0.12% of Anthem worth $58,302,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Aperio Group LLC grew its position in Anthem by 8.5% in the third quarter. Aperio Group LLC now owns 267,753 shares of the company’s stock worth $50,841,000 after acquiring an additional 21,037 shares in the last quarter. Saratoga Research & Investment Management purchased a new position in Anthem in the third quarter worth about $203,000. Xact Kapitalforvaltning AB grew its position in Anthem by 1.9% in the third quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock worth $8,850,000 after acquiring an additional 873 shares in the last quarter. Nationwide Fund Advisors grew its position in Anthem by 1.2% in the third quarter. Nationwide Fund Advisors now owns 103,438 shares of the company’s stock worth $19,641,000 after acquiring an additional 1,209 shares in the last quarter. Finally, Northpointe Capital LLC grew its position in Anthem by 50.4% in the third quarter. Northpointe Capital LLC now owns 19,362 shares of the company’s stock worth $3,676,000 after acquiring an additional 6,489 shares in the last quarter. Hedge funds and other institutional investors own 89.99% of the company’s stock.
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In other Anthem news, 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 transaction, the director now directly owns 35,322 shares of the company’s stock, valued at $7,618,955.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald W. Penczek sold 978 shares of Anthem stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total transaction of $212,636.76. Following the completion of the transaction, the senior vice president now directly owns 1,222 shares in the company, valued at $265,687.24. The disclosure for this sale can be found here. Insiders sold 65,955 shares of company stock valued at $13,179,953 in the last three months. 0.36% of the stock is currently owned by insiders.
Several research analysts recently commented on the company. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a research report on Tuesday, November 7th. Credit Suisse Group assumed coverage on Anthem in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price target for the company. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Morgan Stanley raised their price objective on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $226.00 price objective on shares of Anthem in a research note on Thursday, October 26th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $197.69.
Anthem, Inc. (ANTM) opened at $218.27 on Friday. The company has a market cap of $55,455.13, a P/E ratio of 17.33, a P/E/G ratio of 1.69 and a beta of 0.77. Anthem, Inc. has a 12 month low of $131.38 and a 12 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.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.25. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. Anthem’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.45 earnings per share. analysts forecast that Anthem, Inc. will post 11.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio (DPR) is 25.32%.
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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