Robeco Institutional Asset Management B.V. increased its position in shares of Anthem, Inc. (NYSE:ANTM) by 77.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 448,169 shares of the company’s stock after buying an additional 195,467 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.17% of Anthem worth $84,313,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Endurant Capital Management LP increased its stake in shares of Anthem by 99.6% in the first quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock worth $9,277,000 after buying an additional 27,998 shares in the last quarter. Union Bankshares Corp increased its stake in shares of Anthem by 1.4% in the second quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock worth $681,000 after buying an additional 49 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Anthem during the first quarter worth about $35,580,000. Advantus Capital Management Inc increased its stake in shares of Anthem by 1.1% in the first quarter. Advantus Capital Management Inc now owns 26,586 shares of the company’s stock worth $4,397,000 after buying an additional 291 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Anthem by 4.2% in the first quarter. Vanguard Group Inc. now owns 17,325,680 shares of the company’s stock worth $2,865,321,000 after buying an additional 700,705 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.
Shares of Anthem, Inc. (ANTM) traded down 0.11% during trading on Friday, reaching $192.68. 1,421,023 shares of the company traded hands. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $196.48. The firm has a 50 day moving average of $190.92 and a 200 day moving average of $178.75. The stock has a market capitalization of $50.59 billion, a PE ratio of 18.22 and a beta of 0.73.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. During the same period last year, the business posted $3.33 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts predict that Anthem, Inc. will post $11.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 1.45%. Anthem’s dividend payout ratio (DPR) is 24.62%.
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ANTM has been the topic of a number of research reports. 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 report 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 report on Friday, April 28th. Citigroup Inc. restated a “buy” rating and issued a $205.00 target price on shares of Anthem in a report on Wednesday, June 28th. Morgan Stanley initiated coverage on shares of Anthem in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 target price on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $215.00 target price (up from $210.00) on shares of Anthem in a report on Wednesday, July 26th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $183.83.
In related news, Director Ramiro G. Peru sold 2,681 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total transaction of $486,815.98. Following the transaction, the director now directly owns 13,571 shares in the company, valued at $2,464,222.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald W. Penczek sold 867 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total value of $162,527.82. Following the transaction, the senior vice president now owns 1,872 shares in the company, valued at $350,925.12. The disclosure for this sale can be found here. Insiders have sold 13,199 shares of company stock worth $2,494,862 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
About Anthem
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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