Tredje AP fonden lifted its stake in shares of Anthem Inc (NYSE:ANTM) by 19.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,657 shares of the company’s stock after acquiring an additional 3,073 shares during the quarter. Tredje AP fonden’s holdings in Anthem were worth $3,840,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of ANTM. Janney Montgomery Scott LLC boosted its position in shares of Anthem by 8.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 20,218 shares of the company’s stock worth $6,107,000 after buying an additional 1,535 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Anthem by 8.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 565 shares of the company’s stock worth $171,000 after buying an additional 43 shares during the period. Global Retirement Partners LLC boosted its position in shares of Anthem by 3.5% in the fourth quarter. Global Retirement Partners LLC now owns 2,011 shares of the company’s stock worth $607,000 after buying an additional 68 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of Anthem in the fourth quarter worth $376,000. Finally, Nwam LLC acquired a new stake in shares of Anthem in the fourth quarter worth $429,000. 86.40% of the stock is owned by institutional investors and hedge funds.
In other news, Director Julie A. Hill sold 1,102 shares of Anthem stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $283.26, for a total value of $312,152.52. Following the transaction, the director now directly owns 31,822 shares in the company, valued at $9,013,899.72. 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 19,306 shares of Anthem stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $278.34, for a total value of $5,373,632.04. Following the completion of the transaction, the executive vice president now owns 48,303 shares in the company, valued at $13,444,657.02. The disclosure for this sale can be found here. Insiders sold 55,553 shares of company stock worth $15,286,509 over the last quarter. 0.22% of the stock is currently owned by corporate insiders.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, April 29th. The company reported $6.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.54 by ($0.06). The company had revenue of $29.45 billion for the quarter, compared to the consensus estimate of $28.63 billion. Anthem had a net margin of 4.38% and a return on equity of 16.38%. Anthem’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business earned $6.03 earnings per share. Equities research analysts predict that Anthem Inc will post 22.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.37%. Anthem’s payout ratio is presently 19.55%.
Several brokerages have recently commented on ANTM. Royal Bank of Canada reaffirmed a “buy” rating and issued a $319.00 target price on shares of Anthem in a research report on Sunday, April 12th. Bank of America reduced their price objective on Anthem from $330.00 to $324.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. SunTrust Banks lifted their price objective on Anthem from $280.00 to $320.00 and gave the company a “hold” rating in a research report on Thursday. Credit Suisse Group reduced their price objective on Anthem from $380.00 to $355.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Stephens reduced their price objective on Anthem from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $328.31.
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.
Read More: What is insider trading?
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.