State of Alaska Department of Revenue Acquires 2,560 Shares of Anthem, Inc. (ANTM)
State of Alaska Department of Revenue boosted its stake in Anthem, Inc. (NYSE:ANTM) by 61.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,735 shares of the company’s stock after buying an additional 2,560 shares during the period. State of Alaska Department of Revenue’s holdings in Anthem were worth $1,267,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Dodge & Cox bought a new stake in shares of Anthem during the fourth quarter worth $432,031,000. Quadrature Capital Ltd bought a new stake in shares of Anthem during the fourth quarter worth $1,891,000. Orbis Allan Gray Ltd increased its stake in shares of Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock worth $448,585,000 after buying an additional 996,248 shares during the period. RMB Capital Management LLC increased its stake in shares of Anthem by 39.7% in the fourth quarter. RMB Capital Management LLC now owns 2,933 shares of the company’s stock worth $422,000 after buying an additional 833 shares during the period. Finally, Garde Capital Inc. bought a new stake in shares of Anthem during the fourth quarter worth $266,000. 88.66% of the stock is owned by institutional investors and hedge funds.
Shares of Anthem, Inc. (ANTM) opened at 192.09 on Tuesday. The company’s 50 day moving average is $185.31 and its 200-day moving average is $166.86. The firm has a market cap of $50.90 billion, a PE ratio of 18.61 and a beta of 0.73. Anthem, Inc. has a 12 month low of $114.85 and a 12 month high of $194.94.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.85 by $0.83. The company had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $21.23 billion. Anthem had a net margin of 3.19% and a return on equity of 13.13%. Anthem’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.46 earnings per share. Equities research analysts predict that Anthem, Inc. will post $11.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $2.60 annualized dividend and a yield of 1.35%. Anthem’s dividend payout ratio is 25.22%.
A number of analysts have weighed in on ANTM shares. Jefferies Group LLC increased their price target on shares of Anthem from $172.00 to $177.00 and gave the company a “hold” rating in a report on Thursday, March 30th. Deutsche Bank AG started coverage on shares of Anthem in a report on Wednesday, April 5th. They issued a “hold” rating and a $166.00 price target for the company. Cantor Fitzgerald reissued a “hold” rating and issued a $165.00 price target on shares of Anthem in a report on Monday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $183.00 price target (up from $179.00) on shares of Anthem in a report on Thursday, April 27th. Finally, Sanford C. Bernstein increased their price target on shares of Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $174.26.
In related news, Director Julie A. Hill sold 555 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total transaction of $100,210.80. Following the completion of the sale, the director now owns 37,448 shares of the company’s stock, valued at $6,761,610.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ramiro G. Peru sold 2,681 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total transaction of $486,815.98. Following the sale, the director now directly owns 13,571 shares of the company’s stock, valued at approximately $2,464,222.18. The disclosure for this sale can be found here. Insiders have sold 4,103 shares of company stock valued at $749,555 in the last ninety days. 0.36% of the stock is currently owned by company 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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