Asset Management One Co. Ltd. lessened its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 449,787 shares of the company’s stock after selling 29,511 shares during the quarter. Asset Management One Co. Ltd. owned about 0.18% of Anthem worth $85,400,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Anthem by 22.1% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 190,233 shares of the company’s stock worth $36,121,000 after buying an additional 34,483 shares during the last quarter. AMP Capital Investors Ltd boosted its position in shares of Anthem by 9.4% during the third quarter. AMP Capital Investors Ltd now owns 166,239 shares of the company’s stock valued at $31,566,000 after purchasing an additional 14,235 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Anthem by 4.4% during the third quarter. Allianz Asset Management GmbH now owns 966,180 shares of the company’s stock valued at $183,458,000 after purchasing an additional 40,680 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Anthem by 2.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 53,397 shares of the company’s stock valued at $10,140,000 after purchasing an additional 1,433 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Anthem by 2.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 167,282 shares of the company’s stock valued at $31,897,000 after purchasing an additional 3,900 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.
ANTM has been the topic of several research reports. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Morgan Stanley lifted their price target on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Bank of America lifted their price target on Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Jefferies Group lifted their price target on Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Finally, Credit Suisse Group started coverage on Anthem in a report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $201.07.
Shares of Anthem, Inc. (NYSE:ANTM) opened at $223.49 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $57,758.27, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. Anthem, Inc. has a 1 year low of $140.50 and a 1 year high of $236.39.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.25. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.45 earnings per share. sell-side analysts expect that Anthem, Inc. will post 11.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio (DPR) is 25.32%.
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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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