Envestnet Asset Management Inc. trimmed its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,875 shares of the company’s stock after selling 1,742 shares during the period. Envestnet Asset Management Inc.’s holdings in Anthem were worth $4,341,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC increased its stake in Anthem by 2,835.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock valued at $218,554,000 after purchasing an additional 1,122,159 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Anthem by 177.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock valued at $238,783,000 after buying an additional 811,537 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Anthem by 80.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,583,761 shares of the company’s stock valued at $297,953,000 after buying an additional 706,775 shares during the last quarter. BlueMountain Capital Management LLC grew its holdings in Anthem by 12,287.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 596,715 shares of the company’s stock valued at $112,260,000 after buying an additional 591,898 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Anthem during the 3rd quarter valued at $101,758,000. 87.75% of the stock is owned by institutional investors and hedge funds.
Anthem, Inc. (NYSE:ANTM) opened at $224.85 on Monday. Anthem, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $236.39. The firm has a market capitalization of $57,732.60, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51.
Anthem declared that its board has approved a stock repurchase plan on Thursday, December 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $190.63, for a total value of $4,027,058.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ronald W. Penczek sold 978 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total value of $212,636.76. Following the completion of the transaction, the senior vice president now directly owns 1,222 shares in the company, valued at $265,687.24. The disclosure for this sale can be found here. Insiders sold 65,955 shares of company stock worth $13,907,287 over the last three months. 0.36% of the stock is currently owned by corporate insiders.
A number of equities research analysts have commented on the company. B. Riley reiterated a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a report on Tuesday, November 7th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Jefferies Group restated a “hold” rating and set a $204.00 price objective on shares of Anthem in a report on Sunday, August 20th. 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 a consensus target price of $201.07.
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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