MU Investments Co. Ltd. cut its stake in shares of Anthem Inc. (NYSE:ANTM) by 40.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,600 shares of the company’s stock after selling 1,100 shares during the period. MU Investments Co. Ltd.’s holdings in Anthem were worth $210,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANTM. American Century Companies Inc. increased its position in Anthem by 7.6% in the second quarter. American Century Companies Inc. now owns 237,076 shares of the company’s stock valued at $31,138,000 after buying an additional 16,780 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in Anthem by 15.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 40,235 shares of the company’s stock valued at $5,285,000 after buying an additional 5,264 shares in the last quarter. Artemis Investment Management LLP increased its position in Anthem by 7,751.8% in the second quarter. Artemis Investment Management LLP now owns 108,983 shares of the company’s stock valued at $14,316,000 after buying an additional 107,595 shares in the last quarter. PGGM Investments increased its position in Anthem by 2.4% in the second quarter. PGGM Investments now owns 398,408 shares of the company’s stock valued at $52,327,000 after buying an additional 9,228 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Anthem during the second quarter valued at approximately $73,857,000. 89.44% of the stock is owned by hedge funds and other institutional investors.
Anthem Inc. (NYSE:ANTM) traded up 0.98% during midday trading on Tuesday, reaching $126.30. The company had a trading volume of 1,071,363 shares. The firm has a market capitalization of $33.24 billion, a PE ratio of 14.61 and a beta of 0.45. The firm’s 50-day moving average price is $126.92 and its 200 day moving average price is $134.00. Anthem Inc. has a 12 month low of $115.63 and a 12 month high of $149.87.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $3.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.10. The company earned $21.27 billion during the quarter, compared to analyst estimates of $20.53 billion. Anthem had a return on equity of 12.16% and a net margin of 2.83%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.10 earnings per share. Equities analysts anticipate that Anthem Inc. will post $10.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.60 annualized dividend and a yield of 2.06%. Anthem’s dividend payout ratio is presently 30.06%.
A number of analysts have issued reports on ANTM shares. Leerink Swann reaffirmed a “buy” rating and issued a $155.00 target price on shares of Anthem in a research note on Monday. Evercore ISI started coverage on Anthem in a research report on Thursday, September 22nd. They set a “hold” rating and a $133.00 price objective for the company. Zacks Investment Research raised Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Jefferies Group downgraded Anthem from a “buy” rating to a “hold” rating and cut their price objective for the stock from $156.00 to $138.00 in a research report on Tuesday, September 13th. Finally, FBR & Co reissued a “market perform” rating and set a $155.00 price objective on shares of Anthem in a research report on Monday, August 15th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $161.55.
In other Anthem news, SVP Ronald W. Penczek sold 552 shares of the company’s 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 directly owns 2,407 shares in the company, valued at $308,986.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gloria M. Mccarthy sold 4,786 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $131.23, for a total value of $628,066.78. Following the sale, the executive vice president now owns 46,167 shares of the company’s stock, valued at $6,058,495.41. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
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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