TIAA CREF Investment Management LLC Reduces Position in Anthem, Inc. (ANTM)
TIAA CREF Investment Management LLC lowered its stake in shares of Anthem, Inc. (NYSE:ANTM) by 11.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,662,726 shares of the company’s stock after selling 216,204 shares during the period. TIAA CREF Investment Management LLC’s holdings in Anthem were worth $274,982,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in ANTM. Orbis Allan Gray Ltd increased its stake in Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock valued at $448,585,000 after buying an additional 996,248 shares in the last quarter. Bank of Nova Scotia Trust Co. increased its stake in Anthem by 85.7% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 19,015 shares of the company’s stock valued at $2,734,000 after buying an additional 8,775 shares in the last quarter. Aviva PLC increased its stake in Anthem by 6.4% in the fourth quarter. Aviva PLC now owns 172,982 shares of the company’s stock valued at $24,873,000 after buying an additional 10,477 shares in the last quarter. Bank of The West increased its stake in Anthem by 1.1% in the first quarter. Bank of The West now owns 27,277 shares of the company’s stock valued at $4,511,000 after buying an additional 284 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its stake in Anthem by 35.3% in the first quarter. Integrated Investment Consultants LLC now owns 1,150 shares of the company’s stock valued at $190,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.
Shares of Anthem, Inc. (ANTM) traded down 0.22% during midday trading on Tuesday, reaching $192.31. The company had a trading volume of 355,539 shares. Anthem, Inc. has a one year low of $114.85 and a one year high of $192.85. The company has a market capitalization of $50.96 billion, a P/E ratio of 18.63 and a beta of 0.68. The company has a 50-day moving average price of $183.02 and a 200 day moving average price of $164.55.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, topping the Zacks’ consensus estimate of $3.85 by $0.83. The business had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.23 billion. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.46 EPS. Equities analysts anticipate that Anthem, Inc. will post $11.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, June 7th. Anthem’s payout ratio is currently 25.22%.
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ANTM has been the subject of several recent research reports. Cantor Fitzgerald upgraded Anthem from a “hold” rating to an “overweight” rating and boosted their price objective for the company from $165.00 to $210.00 in a report on Thursday, April 27th. Sanford C. Bernstein boosted their price objective on Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Deutsche Bank AG boosted their price objective on Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a report on Friday, April 28th. Morgan Stanley initiated coverage on Anthem in a report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price objective for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $183.00 price objective (up previously from $179.00) on shares of Anthem in a report on Thursday, April 27th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Anthem presently has a consensus rating of “Hold” and an average target price of $164.56.
In related news, EVP Gloria M. Mccarthy sold 15,187 shares of Anthem stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $166.38, for a total value of $2,526,813.06. Following the completion of the sale, the executive vice president now owns 59,144 shares of the company’s stock, valued at $9,840,378.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julie A. Hill sold 555 shares of Anthem stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total value of $100,210.80. Following the completion of the sale, the director now directly owns 37,448 shares of the company’s stock, valued at approximately $6,761,610.88. The disclosure for this sale can be found here. Insiders sold 19,290 shares of company stock valued at $3,276,368 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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