Virginia Retirement Systems ET AL acquired a new stake in Anthem Inc. (NYSE:ANTM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,000 shares of the company’s stock, valued at approximately $1,182,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Anthem by 2.5% in the second quarter. Vanguard Group Inc. now owns 15,991,354 shares of the company’s stock worth $2,100,304,000 after buying an additional 386,213 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Anthem by 18.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,575,511 shares of the company’s stock worth $1,126,308,000 after buying an additional 1,306,670 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Anthem by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,400,068 shares of the company’s stock worth $1,028,535,000 after buying an additional 20,958 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Anthem by 34.4% in the second quarter. Nordea Investment Management AB now owns 6,420,978 shares of the company’s stock worth $843,331,000 after buying an additional 1,642,691 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Anthem by 1.3% in the first quarter. BlackRock Fund Advisors now owns 3,542,158 shares of the company’s stock worth $492,325,000 after buying an additional 46,504 shares in the last quarter. Institutional investors own 89.44% of the company’s stock.
Anthem Inc. (NYSE:ANTM) opened at 125.83 on Friday. The stock has a market cap of $33.11 billion, a price-to-earnings ratio of 14.55 and a beta of 0.45. Anthem Inc. has a 52 week low of $115.63 and a 52 week high of $149.87. The company has a 50 day moving average price of $126.76 and a 200 day moving average price of $133.77.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.10. Anthem had a net margin of 2.83% and a return on equity of 12.16%. The firm had revenue of $21.27 billion for the quarter, compared to analyst estimates of $20.53 billion. During the same quarter in the previous year, the business posted $3.10 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that Anthem Inc. will post $10.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were issued a $0.65 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $2.60 dividend on an annualized basis and a yield of 2.08%. Anthem’s dividend payout ratio is currently 30.06%.
ANTM has been the topic of several research analyst reports. Zacks Investment Research upgraded Anthem from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Jefferies Group downgraded Anthem from a “buy” rating to a “hold” rating and dropped their target price for the stock from $156.00 to $138.00 in a research note on Tuesday, September 13th. Barclays PLC dropped their target price on Anthem from $158.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Leerink Swann restated a “buy” rating and set a $155.00 target price on shares of Anthem in a research note on Monday. Finally, FBR & Co restated a “market perform” rating and set a $155.00 target price on shares of Anthem in a research note on Monday, August 15th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $161.55.
In other news, Director William J. Ryan sold 3,125 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $133.15, for a total value of $416,093.75. Following the completion of the sale, the director now owns 27,149 shares of the company’s stock, valued at approximately $3,614,889.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph Swedish sold 8,171 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $131.49, for a total transaction of $1,074,404.79. Following the completion of the sale, the chief executive officer now directly owns 112,594 shares of the company’s stock, valued at approximately $14,804,985.06. 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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