Sanders Capital LLC Lowers Stake in Anthem Inc. (ANTM)
Sanders Capital LLC reduced its stake in Anthem Inc. (NYSE:ANTM) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,856,865 shares of the company’s stock after selling 43,010 shares during the period. Anthem accounts for about 3.1% of Sanders Capital LLC’s investment portfolio, making the stock its 16th largest position. Sanders Capital LLC owned about 1.09% of Anthem worth $383,994,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Panagora Asset Management Inc. raised its position in shares of Anthem by 5.7% in the first quarter. Panagora Asset Management Inc. now owns 805,876 shares of the company’s stock valued at $112,009,000 after buying an additional 43,632 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Anthem by 41.4% in the first quarter. Renaissance Technologies LLC now owns 407,200 shares of the company’s stock valued at $56,597,000 after buying an additional 119,300 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Anthem by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 128,149 shares of the company’s stock valued at $16,831,000 after buying an additional 550 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Anthem by 1.5% in the first quarter. Nuveen Asset Management LLC now owns 195,133 shares of the company’s stock valued at $27,121,000 after buying an additional 2,833 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of Anthem by 328.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 198,778 shares of the company’s stock valued at $27,628,000 after buying an additional 152,390 shares during the last quarter. Institutional investors own 89.44% of the company’s stock.
Anthem Inc. (NYSE:ANTM) traded down 0.37% during midday trading on Friday, hitting $121.90. 1,699,153 shares of the stock traded hands. The company’s 50 day moving average price is $125.86 and its 200 day moving average price is $133.07. Anthem Inc. has a 12 month low of $115.63 and a 12 month high of $149.87. The firm has a market cap of $32.08 billion, a PE ratio of 14.10 and a beta of 0.53.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $3.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.10. Anthem had a net margin of 2.83% and a return on equity of 12.16%. The firm had revenue of $21.27 billion for the quarter, compared to the consensus estimate of $20.53 billion. During the same quarter in the prior year, the company posted $3.10 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts predict that Anthem Inc. will post $10.87 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Friday, September 9th were issued a dividend of $0.65 per share. The ex-dividend date was Wednesday, September 7th. This represents a $2.60 annualized dividend and a dividend yield of 2.13%. Anthem’s dividend payout ratio (DPR) is currently 30.06%.
Several analysts recently commented on ANTM shares. Zacks Investment Research raised shares of Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Citigroup Inc. reissued a “buy” rating and set a $172.00 price objective on shares of Anthem in a research report on Tuesday, June 21st. Leerink Swann reissued a “buy” rating and set a $155.00 price objective on shares of Anthem in a research report on Monday, September 26th. FBR & Co reaffirmed a “market perform” rating and set a $155.00 price target on shares of Anthem in a report on Monday, August 15th. Finally, Wolfe Research assumed coverage on shares of Anthem in a report on Tuesday, June 28th. They set a “market perform” rating and a $168.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $161.55.
In related news, EVP Gloria M. Mccarthy sold 4,186 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $130.39, for a total value of $545,812.54. Following the sale, the executive vice president now owns 49,426 shares in the company, valued at $6,444,656.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ronald W. Penczek sold 552 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $128.37, for a total value of $70,860.24. Following the completion of the sale, the senior vice president now owns 2,407 shares in the company, valued at approximately $308,986.59. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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