Tesco Pension Investment Ltd bought a new position in Anthem, Inc. (NYSE:ANTM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 744,087 shares of the company’s stock, valued at approximately $139,985,000. Anthem makes up about 4.1% of Tesco Pension Investment Ltd’s holdings, making the stock its 12th largest position. Tesco Pension Investment Ltd owned approximately 0.28% of Anthem as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd boosted its stake in Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock worth $448,585,000 after buying an additional 996,248 shares in the last quarter. Bank of The West boosted its stake in Anthem by 1.1% in the first quarter. Bank of The West now owns 27,277 shares of the company’s stock worth $4,511,000 after buying an additional 284 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in Anthem by 35.3% in the first quarter. Integrated Investment Consultants LLC now owns 1,150 shares of the company’s stock worth $190,000 after buying an additional 300 shares in the last quarter. Highland Capital Management LLC bought a new stake in Anthem during the first quarter worth approximately $324,000. Finally, Karp Capital Management Corp bought a new stake in Anthem during the first quarter worth approximately $35,580,000. 88.66% of the stock is owned by institutional investors and hedge funds.
Anthem, Inc. (ANTM) traded down 0.02% during trading on Friday, reaching $190.65. 1,227,876 shares of the company’s stock traded hands. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $194.94. The firm has a 50 day moving average of $189.74 and a 200 day moving average of $171.52. The firm has a market capitalization of $50.52 billion, a PE ratio of 18.47 and a beta of 0.73.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.85 by $0.83. Anthem had a net margin of 3.19% and a return on equity of 13.13%. The company had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $21.23 billion. During the same period last year, the company earned $3.46 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts forecast that Anthem, Inc. will post $11.78 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $2.60 annualized dividend and a dividend yield of 1.36%. Anthem’s dividend payout ratio is currently 25.22%.
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A number of analysts have recently commented on ANTM shares. Cantor Fitzgerald raised shares of Anthem from a “hold” rating to an “overweight” rating and boosted their target price for the stock from $165.00 to $210.00 in a research note on Thursday, April 27th. Sanford C. Bernstein boosted their target price on shares of Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Deutsche Bank AG boosted their target price on shares of Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Citigroup Inc. reissued a “buy” rating and set a $205.00 target price on shares of Anthem in a research note on Wednesday, June 28th. Finally, Morgan Stanley started coverage on shares of Anthem in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $174.26.
In other Anthem news, Director Julie A. Hill sold 555 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total transaction of $100,210.80. Following the sale, the director now directly owns 37,448 shares of the company’s stock, valued at approximately $6,761,610.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald W. Penczek sold 867 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total transaction of $162,527.82. Following the sale, the senior vice president now directly owns 1,872 shares in the company, valued at $350,925.12. The disclosure for this sale can be found here. Insiders have sold a total of 4,103 shares of company stock worth $749,555 over the last ninety days. 0.36% of the stock is owned by corporate insiders.
Anthem Company Profile
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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