Carmignac Gestion lifted its position in shares of Anthem Inc (NYSE:ANTM) by 44.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 977,176 shares of the company’s stock after buying an additional 298,943 shares during the period. Anthem makes up approximately 3.8% of Carmignac Gestion’s portfolio, making the stock its 8th largest position. Carmignac Gestion’s holdings in Anthem were worth $256,636,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC acquired a new stake in Anthem in the 4th quarter valued at approximately $28,000. Laurel Wealth Advisors LLC acquired a new stake in Anthem in the 4th quarter valued at approximately $36,000. Athena Capital Advisors LLC acquired a new stake in Anthem in the 4th quarter valued at approximately $39,000. Semmax Financial Advisors Inc. acquired a new stake in Anthem in the 4th quarter valued at approximately $42,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Anthem in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 87.81% of the company’s stock.
In related news, EVP Gloria M. Mccarthy sold 7,701 shares of Anthem stock in a transaction on Monday, March 4th. The shares were sold at an average price of $303.73, for a total transaction of $2,339,024.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gloria M. Mccarthy sold 7,700 shares of Anthem stock in a transaction on Friday, January 18th. The stock was sold at an average price of $265.00, for a total transaction of $2,040,500.00. Following the sale, the executive vice president now owns 46,456 shares in the company, valued at $12,310,840. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,601 shares of company stock valued at $7,631,276. Corporate insiders own 0.31% of the company’s stock.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, January 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. The business had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. As a group, sell-side analysts forecast that Anthem Inc will post 19.15 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 18th will be given a dividend of $0.80 per share. This is a boost from Anthem’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, March 15th. Anthem’s payout ratio is 20.14%.
ANTM has been the subject of several research reports. Stephens initiated coverage on shares of Anthem in a report on Monday, January 14th. They issued an “overweight” rating and a $310.00 target price for the company. Barclays reissued a “buy” rating and issued a $282.00 price target on shares of Anthem in a research report on Sunday, January 6th. Evercore ISI raised shares of Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 price target for the company in a research report on Thursday, January 3rd. Jefferies Financial Group raised their price target on shares of Anthem from $323.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $344.00 price target (up previously from $330.00) on shares of Anthem in a research report on Thursday, January 31st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $332.07.
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Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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