Anthem, Inc. (NYSE:ANTM) Position Maintained by Mandatum Life Insurance Co Ltd
Mandatum Life Insurance Co Ltd continued to hold its stake in shares of Anthem, Inc. (NYSE:ANTM) during the second quarter, Holdings Channel reports. The firm owned 3,114 shares of the company’s stock at the end of the second quarter. Mandatum Life Insurance Co Ltd’s holdings in Anthem were worth $586,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Hefty Wealth Partners raised its stake in shares of Anthem by 3,035.7% in the first quarter. Hefty Wealth Partners now owns 6,585 shares of the company’s stock worth $1,089,000 after buying an additional 6,375 shares during the last quarter. Acropolis Investment Management LLC raised its stake in shares of Anthem by 7.9% in the first quarter. Acropolis Investment Management LLC now owns 9,240 shares of the company’s stock worth $1,528,000 after buying an additional 677 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Anthem by 44.1% in the first quarter. Fulton Bank N.A. now owns 2,537 shares of the company’s stock worth $420,000 after buying an additional 776 shares during the last quarter. Swarthmore Group Inc. acquired a new stake in shares of Anthem during the first quarter worth about $18,423,000. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of Anthem by 4.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 230,710 shares of the company’s stock worth $38,155,000 after buying an additional 8,957 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.
Anthem, Inc. (NYSE:ANTM) opened at 190.69 on Friday. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $194.94. The firm has a 50-day moving average price of $189.74 and a 200-day moving average price of $171.52. The firm has a market capitalization of $50.53 billion, a P/E ratio of 18.48 and a beta of 0.73.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.85 by $0.83. Anthem had a net margin of 3.19% and a return on equity of 13.13%. The firm had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.23 billion. During the same quarter in the prior year, the business posted $3.46 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that Anthem, Inc. will post $11.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.36%. The ex-dividend date was Wednesday, June 7th. Anthem’s dividend payout ratio (DPR) is presently 25.22%.
A number of brokerages have recently issued reports on ANTM. Jefferies Group LLC reaffirmed a “hold” rating and set a $204.00 target price on shares of Anthem in a research report on Friday, July 14th. Bank of America Corporation lifted their target price on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Deutsche Bank AG lifted their target price on Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. Credit Suisse Group began coverage on Anthem in a research report on Wednesday, July 12th. They set a “neutral” rating and a $195.00 target price on the stock. Finally, BidaskClub lowered Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Anthem currently has an average rating of “Hold” and an average target price of $174.26.
In related news, SVP Ronald W. Penczek sold 867 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total value of $162,527.82. Following the completion of the transaction, the senior vice president now owns 1,872 shares of the company’s stock, valued at $350,925.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie A. Hill sold 555 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total transaction of $100,210.80. Following the completion of the transaction, 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 4,103 shares of company stock valued at $749,555 in the last three months. Company insiders own 0.36% of the company’s stock.
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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