Sanders Capital LLC reduced its position in shares of Anthem Inc. (NYSE:ANTM) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,856,865 shares of the company’s stock after selling 43,010 shares during the period. Anthem makes up approximately 3.1% of Sanders Capital LLC’s portfolio, making the stock its 16th largest position. Sanders Capital LLC’s holdings in Anthem were worth $383,994,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp raised its stake in Anthem by 8.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 457,900 shares of the company’s stock valued at $63,644,000 after buying an additional 36,500 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of Anthem by 5.6% in the first quarter. 1832 Asset Management L.P. now owns 637,529 shares of the company’s stock worth $149,320,000 after buying an additional 33,903 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Anthem by 46.1% in the first quarter. Canada Pension Plan Investment Board now owns 127,270 shares of the company’s stock worth $17,689,000 after buying an additional 40,138 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Anthem by 2.2% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,122 shares of the company’s stock worth $573,000 after buying an additional 90 shares during the period. Finally, AMF Pensionsforsakring AB raised its position in shares of Anthem by 13.7% in the first quarter. AMF Pensionsforsakring AB now owns 377,619 shares of the company’s stock worth $52,485,000 after buying an additional 45,371 shares during the period. Hedge funds and other institutional investors own 89.44% of the company’s stock.
Anthem Inc. (NYSE:ANTM) traded down 0.37% during trading on Friday, hitting $121.90. The stock had a trading volume of 1,699,153 shares. The stock’s 50-day moving average is $125.86 and its 200 day moving average is $133.07. The firm has a market cap of $32.08 billion, a price-to-earnings ratio of 14.10 and a beta of 0.53. Anthem Inc. has a one year low of $115.63 and a one year high of $149.87.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, July 27th. The company reported $3.33 EPS for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.10. The company had revenue of $21.27 billion for the quarter, compared to the consensus estimate of $20.53 billion. Anthem had a return on equity of 12.16% and a net margin of 2.83%. Anthem’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.10 earnings per share. Equities analysts anticipate that Anthem Inc. will post $10.87 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were given a dividend of $0.65 per share. The ex-dividend date was Wednesday, September 7th. This represents a $2.60 dividend on an annualized basis and a yield of 2.13%. Anthem’s payout ratio is 30.06%.
A number of brokerages have recently issued reports on ANTM. Leerink Swann reiterated a “buy” rating and set a $155.00 target price on shares of Anthem in a research report on Monday, September 26th. Evercore ISI began coverage on Anthem in a research report on Thursday, September 22nd. They set a “hold” rating and a $133.00 target price on the stock. Zacks Investment Research upgraded Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Jefferies Group lowered Anthem from a “buy” rating to a “hold” rating and decreased their target price for the company from $156.00 to $138.00 in a research report on Tuesday, September 13th. Finally, FBR & Co reiterated a “market perform” rating and set a $155.00 target price on shares of Anthem in a research report on Monday, August 15th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Anthem has an average rating of “Buy” and a consensus price target of $161.55.
In other news, Director William J. Ryan sold 3,125 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $133.15, for a total value of $416,093.75. Following the completion of the transaction, the director now directly owns 27,149 shares of the company’s stock, valued at $3,614,889.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas C. Zielinski sold 5,254 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $128.83, for a total value of $676,872.82. Following the completion of the transaction, the executive vice president now directly owns 17,935 shares of the company’s stock, valued at $2,310,566.05. 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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