Anthem, Inc. (ANTM) Stake Decreased by Ameriprise Financial Inc.
Ameriprise Financial Inc. cut its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 28.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,307,325 shares of the company’s stock after selling 519,521 shares during the period. Ameriprise Financial Inc. owned about 0.51% of Anthem worth $248,237,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in ANTM. Vanguard Group Inc. lifted its position in shares of Anthem by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after purchasing an additional 479,046 shares during the last quarter. Orbis Allan Gray Ltd lifted its position in shares of Anthem by 4.3% during the second quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock worth $799,933,000 after purchasing an additional 176,023 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Anthem by 2.3% in the third 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 last quarter. APG Asset Management N.V. lifted its holdings in Anthem by 24.1% in the third 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 last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Anthem by 3.2% in the second 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 last quarter. Institutional investors own 87.47% of the company’s stock.
ANTM has been the topic of a number of recent research reports. Jefferies Group LLC raised their target price on shares of Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a report on Wednesday, September 20th. Morgan Stanley raised their target price on shares of Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. Credit Suisse Group initiated coverage on shares of Anthem in a report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 target price on the stock. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $215.00 target price on shares of Anthem in a report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $201.07.
In related news, insider Joseph Swedish sold 21,125 shares of the firm’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 transaction of $4,027,058.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Ronald W. Penczek sold 978 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total transaction of $212,636.76. Following the transaction, the senior vice president now owns 1,222 shares in the company, valued at approximately $265,687.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,955 shares of company stock worth $13,179,953. Corporate insiders own 0.36% of the company’s stock.
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Shares of Anthem, Inc. (NYSE ANTM) opened at $220.42 on Thursday. The firm has a market capitalization of $56,492.45, a P/E ratio of 17.66, a PEG ratio of 1.72 and a beta of 0.77. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53. Anthem, Inc. has a twelve month low of $140.34 and a twelve month high of $222.24.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.25. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $22.10 billion. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 earnings per share. sell-side analysts forecast that Anthem, Inc. will post 11.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.27%. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
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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