National Pension Service Has $22,027,000 Stake in Anthem Inc. (ANTM)
National Pension Service raised its position in Anthem Inc. (NYSE:ANTM) by 8.8% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 175,779 shares of the company’s stock after buying an additional 14,164 shares during the period. National Pension Service’s holdings in Anthem were worth $22,027,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of ANTM. Emerald Acquisition Ltd. acquired a new stake in Anthem during the second quarter worth $242,981,000. Nisa Investment Advisors LLC boosted its stake in Anthem by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 128,149 shares of the company’s stock worth $16,831,000 after buying an additional 550 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Anthem by 12.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,124 shares of the company’s stock worth $12,625,000 after buying an additional 10,953 shares during the last quarter. BB&T Corp boosted its stake in Anthem by 44.5% in the second quarter. BB&T Corp now owns 149,999 shares of the company’s stock worth $19,701,000 after buying an additional 46,191 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Anthem by 2.1% in the second quarter. California Public Employees Retirement System now owns 823,609 shares of the company’s stock worth $108,173,000 after buying an additional 16,700 shares during the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.
Anthem Inc. (NYSE:ANTM) traded down 0.75% during trading on Wednesday, hitting $144.19. The company’s stock had a trading volume of 324,747 shares. Anthem Inc. has a one year low of $114.85 and a one year high of $148.00. The company has a 50-day moving average of $128.22 and a 200 day moving average of $129.31. The firm has a market cap of $37.98 billion, a PE ratio of 16.93 and a beta of 0.57.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $2.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by $0.02. Anthem had a return on equity of 11.64% and a net margin of 2.74%. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.77 billion. During the same period in the prior year, the company posted $2.73 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts forecast that Anthem Inc. will post $10.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Thursday, December 1st. Anthem’s dividend payout ratio is currently 30.52%.
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ANTM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut Anthem from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $154.00 to $132.00 in a research report on Monday, October 17th. Wolfe Research raised Anthem from a “market perform” rating to an “outperform” rating and set a $173.00 price objective for the company in a research report on Tuesday, November 22nd. Zacks Investment Research raised Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Cantor Fitzgerald set a $125.00 price objective on Anthem and gave the stock a “hold” rating in a research report on Wednesday, November 2nd. Finally, Leerink Swann raised their price objective on Anthem from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 3rd. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $158.39.
In related news, SVP Ronald W. Penczek sold 820 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $138.29, for a total transaction of $113,397.80. Following the completion of the transaction, the senior vice president now owns 1,320 shares in the company, valued at $182,542.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph Swedish sold 24,513 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $131.48, for a total transaction of $3,222,969.24. Following the transaction, the insider now owns 87,381 shares of the company’s stock, valued at approximately $11,488,853.88. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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