Carret Asset Management LLC Makes New Investment in Anthem, Inc. (NYSE:ANTM)

Carret Asset Management LLC purchased a new position in shares of Anthem, Inc. (NYSE:ANTMGet Rating) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 445 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors have also recently added to or reduced their stakes in ANTM. Norges Bank acquired a new stake in shares of Anthem during the 4th quarter worth about $1,128,341,000. UBS Asset Management Americas Inc. boosted its position in shares of Anthem by 51.4% in the third quarter. UBS Asset Management Americas Inc. now owns 1,732,684 shares of the company’s stock worth $645,945,000 after acquiring an additional 588,390 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Anthem by 14.7% in the fourth quarter. Baillie Gifford & Co. now owns 4,582,312 shares of the company’s stock worth $2,124,085,000 after acquiring an additional 587,649 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Anthem by 258.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 753,985 shares of the company’s stock worth $352,222,000 after acquiring an additional 543,396 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Anthem by 8.4% in the fourth quarter. Capital International Investors now owns 5,638,163 shares of the company’s stock worth $2,613,667,000 after acquiring an additional 437,816 shares during the last quarter. 84.28% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on ANTM shares. BMO Capital Markets raised their target price on shares of Anthem from $540.00 to $625.00 and gave the stock an “outperform” rating in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Anthem from $453.00 to $574.00 and gave the stock a “buy” rating in a research report on Friday, April 22nd. Wells Fargo & Company cut their price target on shares of Anthem from $586.00 to $580.00 and set an “overweight” rating on the stock in a report on Wednesday, May 25th. SVB Leerink raised their price target on shares of Anthem from $483.00 to $555.00 and gave the company a “market perform” rating in a report on Thursday, April 21st. Finally, Sanford C. Bernstein began coverage on shares of Anthem in a report on Thursday, May 26th. They issued an “outperform” rating and a $596.00 price target on the stock. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $550.05.

In other news, EVP Charles Morgan Kendrick, Jr. sold 6,328 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $488.60, for a total transaction of $3,091,860.80. Following the completion of the transaction, the executive vice president now owns 14,529 shares of the company’s stock, valued at $7,098,869.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Dixon, Jr. sold 420 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $497.14, for a total transaction of $208,798.80. Following the transaction, the director now directly owns 9,491 shares of the company’s stock, valued at approximately $4,718,355.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,738 shares of company stock valued at $3,764,851. 0.28% of the stock is currently owned by corporate insiders.

Shares of NYSE:ANTM opened at $465.75 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $494.59 and a 200 day simple moving average of $471.25. The firm has a market cap of $112.29 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. Anthem, Inc. has a 12-month low of $355.43 and a 12-month high of $533.68.

Anthem (NYSE:ANTMGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $8.25 EPS for the quarter, topping analysts’ consensus estimates of $7.81 by $0.44. The firm had revenue of $38.10 billion during the quarter, compared to the consensus estimate of $37.28 billion. Anthem had a net margin of 4.33% and a return on equity of 18.71%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.01 earnings per share. As a group, equities research analysts forecast that Anthem, Inc. will post 28.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, June 9th. This is an increase from Anthem’s previous quarterly dividend of $1.13. Anthem’s payout ratio is currently 20.16%.

Anthem Profile (Get Rating)

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small groups, individuals, Medicaid, and Medicare markets.

See Also

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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