Retirement Systems of Alabama boosted its position in Anthem Inc. (NYSE:ANTM) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,057 shares of the company’s stock after buying an additional 209 shares during the period. Retirement Systems of Alabama’s holdings in Anthem were worth $17,607,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virginia Retirement System purchased a new position in Anthem during the first quarter worth $1,839,000. IFP Advisors Inc increased its position in Anthem by 1.2% in the first quarter. IFP Advisors Inc now owns 3,090 shares of the company’s stock valued at $429,000 after buying an additional 37 shares during the last quarter. Morris Capital Advisors LLC bought a new position in Anthem during the first quarter valued at about $402,000. Ngam Advisors L.P. increased its position in Anthem by 185.1% in the first quarter. Ngam Advisors L.P. now owns 156,511 shares of the company’s stock valued at $21,753,000 after buying an additional 101,608 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Anthem by 15.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,913,964 shares of the company’s stock valued at $266,022,000 after buying an additional 261,330 shares during the last quarter. 89.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Anthem Inc. (NYSE:ANTM) traded up 0.30% during trading on Friday, hitting $125.31. 1,968,246 shares of the stock were exchanged. Anthem Inc. has a 52 week low of $115.63 and a 52 week high of $149.87. The firm has a market capitalization of $32.98 billion, a P/E ratio of 14.49 and a beta of 0.45. The firm has a 50 day moving average price of $126.68 and a 200 day moving average price of $133.63.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.10. Anthem had a net margin of 2.83% and a return on equity of 12.16%. The business earned $21.27 billion during the quarter, compared to analysts’ expectations of $20.53 billion. During the same quarter in the previous year, the company earned $3.10 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Analysts forecast that Anthem Inc. will post $10.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, September 7th. Anthem’s dividend payout ratio (DPR) is 30.06%.
Several research analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Anthem in a report on Thursday, June 16th. They set an “outperform” rating and a $207.00 price objective on the stock. Zacks Investment Research upgraded shares of Anthem from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Jefferies Group dropped their price objective on shares of Anthem from $157.00 to $156.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Citigroup Inc. dropped their price objective on shares of Anthem from $172.00 to $162.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Finally, Barclays PLC dropped their price objective on shares of Anthem from $158.00 to $151.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $161.55.
In other Anthem news, CEO Joseph Swedish sold 8,171 shares of Anthem stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $131.49, for a total value of $1,074,404.79. Following the completion of the sale, the chief executive officer now owns 112,594 shares in the company, valued at approximately $14,804,985.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald W. Penczek sold 552 shares of Anthem stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $128.37, for a total transaction of $70,860.24. Following the completion of the sale, the senior vice president now owns 2,407 shares of the company’s stock, valued at approximately $308,986.59. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company insiders.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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