Assetmark Inc. Increases Position in Anthem, Inc. (ANTM)
Assetmark Inc. raised its holdings in Anthem, Inc. (NYSE:ANTM) by 3,476.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,612 shares of the company’s stock after purchasing an additional 84,190 shares during the period. Assetmark Inc.’s holdings in Anthem were worth $16,446,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Anthem by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock valued at $3,349,603,000 after purchasing an additional 479,046 shares during the period. Orbis Allan Gray Ltd lifted its holdings in shares of Anthem by 4.3% during the 2nd quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock worth $799,933,000 after acquiring an additional 176,023 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Anthem by 2.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 3,103,892 shares of the company’s stock worth $589,367,000 after acquiring an additional 71,119 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Anthem by 24.1% during the 3rd quarter. APG Asset Management N.V. now owns 1,925,522 shares of the company’s stock worth $365,618,000 after acquiring an additional 373,500 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Anthem by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,777,978 shares of the company’s stock worth $334,491,000 after acquiring an additional 55,597 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total value of $4,027,058.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ronald W. Penczek sold 978 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total transaction of $212,636.76. Following the completion of the sale, the senior vice president now owns 1,222 shares of the company’s stock, valued at $265,687.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,955 shares of company stock valued at $13,179,953. Company insiders own 0.36% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Leerink Swann reaffirmed an “outperform” rating on shares of Anthem in a report on Tuesday, November 7th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Jefferies Group LLC reiterated a “hold” rating and set a $204.00 price objective on shares of Anthem in a research report on Sunday, August 20th. Finally, Morgan Stanley upped their price objective on shares of Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Anthem has an average rating of “Buy” and a consensus price target of $199.31.
Anthem, Inc. (ANTM) traded down $1.33 during mid-day trading on Tuesday, hitting $219.50. 1,304,100 shares of the stock were exchanged, compared to its average volume of 1,587,133. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. Anthem, Inc. has a one year low of $135.68 and a one year high of $222.24. The company has a market capitalization of $56,720.00, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.73 and a beta of 0.77.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the business posted $2.45 earnings per share. Anthem’s revenue for the quarter was up 4.6% on a year-over-year basis. analysts anticipate that Anthem, Inc. will post 11.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.28%. Anthem’s payout ratio is presently 25.32%.
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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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