Whittier Trust Co. of Nevada Inc. increased its stake in Anthem Inc. (NYSE:ANTM) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 8,138 shares of the company’s stock after buying an additional 291 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Anthem were worth $1,069,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake 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 valued at $843,331,000 after buying an additional 1,642,691 shares during the period. Bank of Montreal Can purchased a new position in Anthem during the second quarter worth approximately $73,857,000. JPMorgan Chase & Co. raised its position in Anthem by 28.2% in the first quarter. JPMorgan Chase & Co. now owns 2,281,019 shares of the company’s stock worth $317,040,000 after buying an additional 501,295 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in Anthem during the second quarter worth approximately $58,890,000. Finally, Dodge & Cox raised its position in Anthem by 13.8% in the first quarter. Dodge & Cox now owns 3,382,350 shares of the company’s stock worth $470,113,000 after buying an additional 408,901 shares during the period. Institutional investors own 89.44% of the company’s stock.
Shares of Anthem Inc. (NYSE:ANTM) traded up 0.16% during mid-day trading on Thursday, reaching $122.26. 1,271,364 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $126.07 and its 200 day moving average price is $133.15. The company has a market cap of $32.18 billion, a PE ratio of 14.14 and a beta of 0.53. Anthem Inc. has a 52-week low of $115.63 and a 52-week high of $149.87.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $3.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.10. The firm had revenue of $21.27 billion for the quarter, compared to the consensus estimate of $20.53 billion. Anthem had a net margin of 2.83% and a return on equity of 12.16%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.10 EPS. On average, equities research analysts predict that Anthem Inc. will post $10.87 EPS for the current 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 dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Wednesday, September 7th. Anthem’s dividend payout ratio is 30.06%.
A number of research firms have commented on ANTM. Jefferies Group reduced their price target on shares of Anthem from $157.00 to $156.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Leerink Swann reiterated a “buy” rating and set a $160.00 target price on shares of Anthem in a research report on Thursday, June 16th. Citigroup Inc. reduced their target price on shares of Anthem from $172.00 to $162.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Evercore ISI began coverage on shares of Anthem in a research report on Thursday, September 22nd. They set a “hold” rating and a $133.00 target price on the stock. Finally, Sanford C. Bernstein began coverage on shares of Anthem in a research report on Thursday, June 16th. They set an “outperform” rating and a $207.00 target price on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $161.55.
In related news, EVP Thomas C. Zielinski sold 5,254 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $128.83, for a total value of $676,872.82. Following the transaction, the executive vice president now directly owns 17,935 shares of the company’s stock, valued at approximately $2,310,566.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ronald W. Penczek sold 552 shares of the business’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 transaction, the senior vice president now directly owns 2,407 shares in the company, valued at $308,986.59. 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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