Fmr LLC Sells 2,281,319 Shares of Anthem, Inc. (ANTM)
Fmr LLC lowered its holdings in Anthem, Inc. (NYSE:ANTM) by 18.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,053,796 shares of the company’s stock after selling 2,281,319 shares during the period. Fmr LLC owned approximately 3.83% of Anthem worth $1,891,421,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Anthem by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after acquiring an additional 479,046 shares in the last quarter. Pinebridge Investments L.P. increased its position in shares of Anthem by 1,191.2% in the second quarter. Pinebridge Investments L.P. now owns 39,510 shares of the company’s stock worth $7,433,000 after acquiring an additional 36,450 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Anthem in the second quarter worth $1,005,000. Menta Capital LLC acquired a new stake in shares of Anthem in the second quarter worth $256,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Anthem by 80.6% in the second quarter. UBS Asset Management Americas Inc. now owns 1,583,761 shares of the company’s stock worth $297,953,000 after acquiring an additional 706,775 shares in the last quarter. 87.65% of the stock is owned by institutional investors.
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In other Anthem news, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.00, for a total value of $4,161,625.00. Following the sale, the insider now owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas C. Zielinski sold 9,127 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the completion of the sale, the executive vice president now directly owns 26,571 shares in the company, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. Insiders sold a total of 30,776 shares of company stock worth $6,007,143 in the last three months. Insiders own 0.36% of the company’s stock.
Anthem, Inc. (NYSE:ANTM) traded up 0.01% on Thursday, reaching $183.51. 388,675 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $191.59 and a 200 day moving average of $182.25. The stock has a market capitalization of $48.19 billion, a PE ratio of 17.35 and a beta of 0.70. Anthem, Inc. has a 12 month low of $114.85 and a 12 month high of $198.98.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.25 billion. During the same quarter in the previous year, the firm posted $3.33 earnings per share. Anthem’s revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Anthem, Inc. will post $11.83 earnings per share for the current fiscal year.
The firm 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. This represents a $2.80 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, September 7th. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is 26.52%.
ANTM has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $204.00 price target on shares of Anthem in a report on Friday, July 14th. Deutsche Bank AG raised their price target on shares of Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 13th. BidaskClub lowered shares of Anthem from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $215.00 price target on shares of Anthem in a report on Thursday, September 14th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $183.17.
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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