New Mexico Educational Retirement Board Has $4.58 Million Position in Anthem, Inc. (ANTM)
New Mexico Educational Retirement Board decreased its stake in shares of Anthem, Inc. (NYSE:ANTM) by 8.2% during the second quarter, Holdings Channel reports. The institutional investor owned 24,596 shares of the company’s stock after selling 2,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Anthem were worth $4,580,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ANTM. BlackRock Inc. increased its position in shares of Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after buying an additional 21,914,321 shares during the period. Boston Partners increased its position in shares of Anthem by 112.6% in the first quarter. Boston Partners now owns 3,895,863 shares of the company’s stock worth $644,298,000 after buying an additional 2,063,562 shares during the period. Wellington Management Group LLP increased its position in shares of Anthem by 53.5% in the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock worth $734,810,000 after buying an additional 1,548,077 shares during the period. OZ Management LP acquired a new position in shares of Anthem during the first quarter worth about $192,493,000. Finally, FMR LLC increased its position in shares of Anthem by 8.2% in the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock worth $2,039,982,000 after buying an additional 934,509 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.
Shares of Anthem, Inc. (NYSE:ANTM) opened at 191.98 on Wednesday. The firm’s 50-day moving average price is $189.99 and its 200-day moving average price is $174.54. The firm has a market cap of $50.41 billion, a PE ratio of 18.15 and a beta of 0.73. Anthem, Inc. has a one year low of $114.85 and a one year high of $194.94.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. During the same quarter in the previous year, the company earned $3.33 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts expect that Anthem, Inc. will post $11.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.80 annualized dividend and a dividend yield of 1.46%. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio is currently 24.62%.
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A number of equities analysts have recently issued reports on ANTM shares. Bank of America Corporation increased their target price on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Cantor Fitzgerald reissued a “buy” rating and set a $136.00 target price on shares of Anthem in a research note on Thursday, May 11th. Citigroup Inc. reissued a “buy” rating and set a $205.00 target price on shares of Anthem in a research note on Wednesday, June 28th. BidaskClub downgraded Anthem from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Morgan Stanley started coverage on Anthem in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 target price for the company. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $180.00.
In other Anthem news, Director Julie A. Hill sold 555 shares of the company’s 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 transaction, the director now owns 37,448 shares of the company’s stock, valued at $6,761,610.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ronald W. Penczek sold 867 shares of the company’s stock in a transaction on 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 directly owns 1,872 shares in the company, valued at approximately $350,925.12. The disclosure for this sale can be found here. Insiders sold 4,103 shares of company stock worth $749,555 in the last ninety days. 0.36% of the stock is 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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