Anthem, Inc. (ANTM) Holdings Decreased by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky lowered its holdings in Anthem, Inc. (NYSE:ANTM) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,800 shares of the company’s stock after selling 1,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Anthem were worth $22,914,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Anthem by 177.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock valued at $238,783,000 after acquiring an additional 811,537 shares in the last quarter. Swiss National Bank increased its position in shares of Anthem by 3.3% during the 2nd quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock valued at $193,161,000 after purchasing an additional 32,900 shares during the last quarter. Deschutes Portfolio Strategy LLC bought a new position in shares of Anthem during the 2nd quarter valued at about $273,000. Endurant Capital Management LP increased its position in shares of Anthem by 99.6% during the 1st quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock valued at $9,277,000 after purchasing an additional 27,998 shares during the last quarter. Finally, Union Bankshares Corp increased its position in shares of Anthem by 1.4% during the 2nd quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock valued at $681,000 after purchasing an additional 49 shares during the last quarter. 87.65% of the stock is currently owned by hedge funds and other institutional investors.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the completion of the transaction, the executive vice president now directly owns 26,571 shares in the company, valued at $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 over the last three months. Corporate insiders own 0.36% of the company’s stock.
Shares of Anthem, Inc. (ANTM) traded down 0.35% on Friday, reaching $182.86. The company’s stock had a trading volume of 2,244,287 shares. The firm has a 50-day moving average price of $191.59 and a 200 day moving average price of $182.25. Anthem, Inc. has a one year low of $114.85 and a one year high of $198.98. The firm has a market capitalization of $48.02 billion, a PE ratio of 17.29 and a beta of 0.70.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share (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 company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. During the same period in the previous year, the firm posted $3.33 EPS. Anthem’s revenue was up 4.3% compared to the same quarter last year. On average, analysts anticipate that Anthem, Inc. will post $11.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.53%. This is a positive change from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is 26.52%.
Several brokerages have recently commented on ANTM. Cowen and Company reiterated a “buy” rating and set a $160.00 price objective on shares of Anthem in a research report on Thursday. Cantor Fitzgerald reiterated a “buy” rating and set a $215.00 price objective on shares of Anthem in a research report on Wednesday. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $207.00 price objective on the stock in a research report on Wednesday. Finally, BidaskClub lowered Anthem from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $184.67.
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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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