Teachers Retirement System of The State of Kentucky lowered its position in Anthem Inc (NYSE:ANTM) by 33.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,860 shares of the company’s stock after selling 36,230 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Anthem were worth $19,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ninety One SA PTY Ltd bought a new stake in shares of Anthem during the first quarter valued at approximately $26,000. 1776 Wealth LLC raised its stake in shares of Anthem by 148.0% during the second quarter. 1776 Wealth LLC now owns 124 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares in the last quarter. Virtus ETF Advisers LLC raised its stake in shares of Anthem by 315.8% during the second quarter. Virtus ETF Advisers LLC now owns 158 shares of the company’s stock valued at $42,000 after acquiring an additional 120 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its stake in shares of Anthem by 130.8% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 180 shares of the company’s stock valued at $47,000 after acquiring an additional 102 shares in the last quarter. Finally, Tarbox Family Office Inc. raised its stake in shares of Anthem by 77.5% during the second quarter. Tarbox Family Office Inc. now owns 181 shares of the company’s stock valued at $48,000 after acquiring an additional 79 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.
ANTM has been the subject of a number of recent research reports. Goldman Sachs Group initiated coverage on shares of Anthem in a research note on Friday, June 5th. They issued a “neutral” rating and a $340.00 price objective for the company. Deutsche Bank reduced their price objective on shares of Anthem from $362.00 to $349.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Jefferies Financial Group boosted their price objective on shares of Anthem from $271.00 to $281.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. Cantor Fitzgerald reissued a “buy” rating and issued a $360.00 price objective on shares of Anthem in a research note on Tuesday, June 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Anthem from $319.00 to $331.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $336.47.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $9.20 earnings per share for the quarter, beating analysts’ consensus estimates of $8.77 by $0.43. The firm had revenue of $29.20 billion for the quarter, compared to analyst estimates of $29.37 billion. Anthem had a net margin of 5.24% and a return on equity of 19.44%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.64 earnings per share. As a group, research analysts predict that Anthem Inc will post 22.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, September 9th. Anthem’s dividend payout ratio (DPR) is presently 19.55%.
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.
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