Capital Investment Advisors LLC lessened its holdings in shares of Anthem Inc (NYSE:ANTM) by 7.8% during the first quarter, Holdings Channel reports. The institutional investor owned 718 shares of the company’s stock after selling 61 shares during the quarter. Capital Investment Advisors LLC’s holdings in Anthem were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ANTM. Oregon Public Employees Retirement Fund raised its holdings in shares of Anthem by 24,845.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 27,122,063 shares of the company’s stock valued at $103,000 after buying an additional 27,013,337 shares during the last quarter. Norges Bank bought a new stake in shares of Anthem during the fourth quarter valued at approximately $667,351,000. CI Investments Inc. raised its holdings in shares of Anthem by 373.8% during the fourth quarter. CI Investments Inc. now owns 1,241,273 shares of the company’s stock valued at $325,995,000 after buying an additional 979,273 shares during the last quarter. Investec Asset Management LTD bought a new stake in shares of Anthem during the fourth quarter valued at approximately $219,306,000. Finally, Vanguard Group Inc raised its holdings in shares of Anthem by 2.9% during the third quarter. Vanguard Group Inc now owns 18,729,474 shares of the company’s stock valued at $5,132,811,000 after buying an additional 532,579 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.
Shares of NYSE:ANTM opened at $262.88 on Tuesday. Anthem Inc has a 12 month low of $219.96 and a 12 month high of $317.99. The company has a market cap of $65.05 billion, a P/E ratio of 16.54, a PEG ratio of 0.98 and a beta of 0.92. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.60.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.80 dividend. This is a positive change from Anthem’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 15th. This represents a $3.20 annualized dividend and a yield of 1.22%. Anthem’s payout ratio is 20.14%.
ANTM has been the topic of a number of recent analyst reports. Evercore ISI raised Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 price target on the stock in a report on Thursday, January 3rd. Barclays reaffirmed a “buy” rating and set a $282.00 price target on shares of Anthem in a report on Sunday, January 6th. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a report on Monday, January 7th. ValuEngine cut Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, Stephens initiated coverage on Anthem in a report on Monday, January 14th. They set an “overweight” rating and a $310.00 target price on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $332.07.
In other Anthem news, EVP Gloria M. Mccarthy sold 7,701 shares of Anthem stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $303.73, for a total value of $2,339,024.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gloria M. Mccarthy sold 7,700 shares of Anthem stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 46,456 shares in the company, valued at approximately $12,310,840. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,601 shares of company stock worth $6,862,346. 0.17% of the stock is currently owned by company insiders.
Anthem Company Profile
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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