Lateef Investment Management L.P. lowered its position in Anthem Inc (NYSE:ANTM) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,513 shares of the company’s stock after selling 21,432 shares during the period. Anthem makes up approximately 3.7% of Lateef Investment Management L.P.’s investment portfolio, making the stock its 8th largest holding. Lateef Investment Management L.P.’s holdings in Anthem were worth $39,267,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nationwide Fund Advisors boosted its position in Anthem by 1.2% in the 3rd quarter. Nationwide Fund Advisors now owns 103,438 shares of the company’s stock worth $19,641,000 after purchasing an additional 1,209 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Anthem by 26.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,506 shares of the company’s stock worth $1,805,000 after purchasing an additional 1,997 shares in the last quarter. Victory Capital Management Inc. boosted its position in Anthem by 12.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,453 shares of the company’s stock worth $2,934,000 after purchasing an additional 1,718 shares in the last quarter. Bessemer Group Inc. boosted its position in Anthem by 3.0% in the 3rd quarter. Bessemer Group Inc. now owns 35,069 shares of the company’s stock worth $6,658,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its position in Anthem by 13.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,918 shares of the company’s stock worth $1,314,000 after purchasing an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.
In related news, SVP Ronald W. Penczek sold 1,966 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $231.90, for a total value of $455,915.40. Following the completion of the transaction, the senior vice president now directly owns 2,132 shares of the company’s stock, valued at approximately $494,410.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the transaction, the executive vice president now directly owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The disclosure for this sale can be found here. Insiders have sold a total of 200,720 shares of company stock worth $47,512,932 in the last quarter. Insiders own 0.36% of the company’s stock.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The firm had revenue of $22.45 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the firm posted $1.76 EPS. The business’s revenue was up 4.5% on a year-over-year basis. analysts expect that Anthem Inc will post 15.09 earnings per share for the current fiscal year.
Anthem declared that its board has approved a stock buyback plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.75 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.29%. Anthem’s dividend payout ratio (DPR) is 29.53%.
Several equities research analysts have commented on the company. Barclays assumed coverage on Anthem in a research report on Thursday. They issued an “overweight” rating and a $270.00 price objective on the stock. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Wells Fargo & Co upped their price objective on Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Credit Suisse Group restated an “outperform” rating and issued a $280.00 price objective (up previously from $255.00) on shares of Anthem in a research report on Thursday, February 1st. Finally, Piper Jaffray Companies upgraded Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 price objective on the stock in a research report on Wednesday, January 3rd. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $233.25.
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Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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