Wright Investors Service Inc. increased its position in Anthem Inc (NYSE:ANTM) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,050 shares of the company’s stock after acquiring an additional 41 shares during the period. Anthem makes up about 1.1% of Wright Investors Service Inc.’s investment portfolio, making the stock its 29th biggest position. Wright Investors Service Inc.’s holdings in Anthem were worth $2,836,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Anthem by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 3,387,625 shares of the company’s stock valued at $888,145,000 after buying an additional 273,738 shares in the last quarter. Northern Trust Corp lifted its stake in Anthem by 1.9% in the 1st quarter. Northern Trust Corp now owns 3,122,110 shares of the company’s stock valued at $895,982,000 after buying an additional 57,447 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Anthem by 10.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,245,114 shares of the company’s stock valued at $644,305,000 after buying an additional 205,390 shares in the last quarter. Sanders Capital LLC lifted its stake in Anthem by 10.1% in the 2nd quarter. Sanders Capital LLC now owns 2,196,547 shares of the company’s stock valued at $696,954,000 after buying an additional 201,400 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Anthem by 7.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,184,357 shares of the company’s stock valued at $339,887,000 after buying an additional 81,040 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.
In related news, Director Ramiro G. Peru sold 1,656 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $275.00, for a total value of $455,400.00. Following the transaction, the director now directly owns 11,173 shares of the company’s stock, valued at approximately $3,072,575. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert L. Dixon, Jr. sold 520 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $294.11, for a total value of $152,937.20. Following the completion of the transaction, the director now directly owns 9,971 shares in the company, valued at $2,932,570.81. The disclosure for this sale can be found here. Insiders sold a total of 11,765 shares of company stock worth $3,327,092 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.
A number of research firms recently issued reports on ANTM. Barclays upped their target price on Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. UBS Group initiated coverage on Anthem in a research note on Tuesday, April 23rd. They set a “buy” rating and a $294.00 price target on the stock. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $293.00 price target on the stock in a research note on Thursday, May 16th. Wells Fargo & Co reissued a “buy” rating on shares of Anthem in a research note on Friday, July 26th. Finally, Morgan Stanley increased their price target on Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Anthem currently has an average rating of “Buy” and an average target price of $325.67.
Shares of Anthem stock traded up $1.66 during trading hours on Thursday, reaching $274.56. 79,787 shares of the company’s stock were exchanged, compared to its average volume of 1,278,921. Anthem Inc has a 52-week low of $227.16 and a 52-week high of $317.99. The company has a market capitalization of $72.14 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.04 and a beta of 0.71. The company’s fifty day moving average is $292.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.64 and a quick ratio of 1.64.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 24th. The company reported $4.64 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.03. The business had revenue of $25.20 billion for the quarter, compared to analyst estimates of $24.88 billion. Anthem had a return on equity of 15.02% and a net margin of 4.21%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $4.25 EPS. As a group, equities analysts forecast that Anthem Inc will post 19.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, September 9th. Anthem’s dividend payout ratio (DPR) is currently 20.14%.
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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