Anthem, Inc. (NYSE:ANTM) Position Boosted by Mondrian Investment Partners LTD
Mondrian Investment Partners LTD boosted its position in shares of Anthem, Inc. (NYSE:ANTM) by 2.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 27,149 shares of the company’s stock after buying an additional 561 shares during the period. Mondrian Investment Partners LTD’s holdings in Anthem were worth $5,108,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in 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 in the last quarter. Boston Partners raised 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 valued at $644,298,000 after buying an additional 2,063,562 shares during the last quarter. Wellington Management Group LLP raised 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 valued at $734,810,000 after buying an additional 1,548,077 shares during the last quarter. OZ Management LP bought a new position in shares of Anthem during the first quarter valued at approximately $192,493,000. Finally, FMR LLC raised 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 valued at $2,039,982,000 after buying an additional 934,509 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.
Anthem, Inc. (NYSE ANTM) opened at 189.72 on Friday. The firm’s 50-day moving average is $189.94 and its 200-day moving average is $175.77. The stock has a market capitalization of $49.82 billion, a price-to-earnings ratio of 17.94 and a beta of 0.73. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94.
Anthem (NYSE:ANTM) last released its quarterly 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. During the same quarter in the prior year, the business earned $3.33 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts predict that Anthem, Inc. will post $11.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio is 24.62%.
Several brokerages recently commented on ANTM. BidaskClub lowered shares of Anthem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $215.00 price objective (up from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Deutsche Bank AG increased their price objective on shares of Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $183.00 price objective (up from $177.00) on shares of Anthem in a research report on Sunday, April 23rd. Finally, Morgan Stanley began coverage on shares of Anthem in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Anthem presently has a consensus rating of “Hold” and an average target price of $180.00.
In other Anthem news, Director Julie A. Hill sold 555 shares of the 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 transaction, the director now owns 37,448 shares in the company, valued at $6,761,610.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ronald W. Penczek sold 867 shares of the stock in a transaction on Wednesday, June 7th. The stock was 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 approximately $350,925.12. 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 90 days. Company insiders own 0.36% of the company’s stock.
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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