Majedie Asset Management Ltd raised its holdings in Anthem Inc (NYSE:ANTM) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,312 shares of the company’s stock after buying an additional 720 shares during the period. Anthem comprises approximately 1.3% of Majedie Asset Management Ltd’s investment portfolio, making the stock its 17th biggest holding. Majedie Asset Management Ltd’s holdings in Anthem were worth $17,625,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Iridian Asset Management LLC CT acquired a new position in shares of Anthem in the second quarter valued at approximately $163,011,000. Orbimed Advisors LLC acquired a new position in shares of Anthem in the second quarter valued at approximately $126,584,000. Artisan Partners Limited Partnership grew its position in shares of Anthem by 40.2% in the second quarter. Artisan Partners Limited Partnership now owns 1,788,388 shares of the company’s stock valued at $425,690,000 after purchasing an additional 512,962 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Anthem by 31.5% in the first quarter. Allianz Asset Management GmbH now owns 2,108,871 shares of the company’s stock valued at $463,319,000 after purchasing an additional 505,252 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Anthem by 1,097.5% in the second quarter. Bessemer Group Inc. now owns 463,480 shares of the company’s stock valued at $110,322,000 after purchasing an additional 424,775 shares during the last quarter. Hedge funds and other institutional investors own 86.85% of the company’s stock.
Shares of NYSE:ANTM opened at $273.64 on Friday. The company has a market cap of $69.02 billion, a P/E ratio of 22.73, a P/E/G ratio of 1.45 and a beta of 0.92. Anthem Inc has a 1 year low of $208.40 and a 1 year high of $283.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.52 and a current ratio of 1.52.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.70 by $0.11. The business had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $22.85 billion. Anthem had a return on equity of 13.28% and a net margin of 4.79%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.65 earnings per share. On average, analysts anticipate that Anthem Inc will post 15.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, December 5th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, December 4th. Anthem’s dividend payout ratio is currently 24.92%.
In other Anthem news, Director Julie A. Hill sold 248 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $267.01, for a total transaction of $66,218.48. Following the completion of the sale, the director now directly owns 34,827 shares in the company, valued at $9,299,157.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter D. Haytaian sold 3,500 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $267.59, for a total value of $936,565.00. Following the sale, the executive vice president now owns 48,206 shares of the company’s stock, valued at $12,899,443.54. The disclosure for this sale can be found here. Insiders have sold 15,447 shares of company stock worth $4,143,846 in the last three months. 0.31% of the stock is currently owned by company insiders.
Several equities analysts have recently commented on ANTM shares. SunTrust Banks upped their target price on Anthem to $315.00 and gave the company a “hold” rating in a research report on Thursday. Morgan Stanley upped their target price on Anthem from $368.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday. Cowen started coverage on Anthem in a research report on Monday, September 17th. They issued an “outperform” rating and a $318.00 target price on the stock. BMO Capital Markets raised Anthem from a “market perform” rating to an “outperform” rating and upped their target price for the company from $275.00 to $290.00 in a research report on Monday, July 9th. Finally, Citigroup downgraded Anthem from a “buy” rating to a “neutral” rating and set a $162.00 target price on the stock. in a research report on Monday, September 10th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $284.06.
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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