Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Anthem Inc (NYSE:ANTM) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,150 shares of the company’s stock after selling 3,603 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Anthem were worth $18,677,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Cornerstone Wealth Management LLC acquired a new stake in shares of Anthem during the 2nd quarter worth about $235,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Anthem by 47.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 638 shares of the company’s stock worth $152,000 after purchasing an additional 205 shares during the last quarter. Creative Planning boosted its stake in shares of Anthem by 9.3% during the 2nd quarter. Creative Planning now owns 19,223 shares of the company’s stock worth $4,576,000 after purchasing an additional 1,634 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of Anthem by 4.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 13,057 shares of the company’s stock worth $3,108,000 after purchasing an additional 528 shares during the last quarter. Finally, Stony Point Wealth Management Inc. acquired a new stake in shares of Anthem during the 2nd quarter worth about $208,000. 87.59% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on ANTM. Jefferies Financial Group reissued a “buy” rating and issued a $296.00 target price on shares of Anthem in a research report on Thursday, July 26th. Credit Suisse Group raised their target price on shares of Anthem from $311.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. BMO Capital Markets raised their target price on shares of Anthem from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, November 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $275.00 target price on shares of Anthem in a research report on Thursday, October 25th. Finally, Morgan Stanley raised their target price on shares of Anthem from $269.00 to $273.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $294.73.

In other news, EVP Peter D. Haytaian sold 2,936 shares of Anthem stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $270.00, for a total transaction of $792,720.00. Following the sale, the executive vice president now owns 58,642 shares in the company, valued at $15,833,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter D. Haytaian sold 3,500 shares of Anthem stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $265.92, for a total transaction of $930,720.00. Following the sale, the executive vice president now owns 57,674 shares in the company, valued at approximately $15,336,670.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,525 shares of company stock worth $6,488,523. 0.31% of the stock is currently owned by corporate insiders.

Shares of ANTM stock opened at $286.33 on Monday. The company has a market cap of $74.06 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.47 and a beta of 0.86. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.54 and a current ratio of 1.53. Anthem Inc has a fifty-two week low of $215.52 and a fifty-two week high of $290.84.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.11. The firm had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $22.85 billion. Anthem had a net margin of 4.98% and a return on equity of 13.99%. Anthem’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 earnings per share. As a group, equities research analysts anticipate that Anthem Inc will post 15.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, December 5th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $3.00 dividend on an annualized basis and a yield of 1.05%. Anthem’s dividend payout ratio (DPR) is 24.92%.

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Anthem Company Profile

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.

Further Reading: Tariff

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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