National Pension Service Has $22,027,000 Stake in Anthem Inc. (ANTM)
National Pension Service increased its position in Anthem Inc. (NYSE:ANTM) by 8.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 175,779 shares of the company’s stock after buying an additional 14,164 shares during the period. National Pension Service owned about 0.07% of Anthem worth $22,027,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Emerald Acquisition Ltd. acquired a new stake in shares of Anthem during the second quarter worth $242,981,000. Nisa Investment Advisors LLC raised its stake 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 worth $16,831,000 after buying an additional 550 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Anthem by 12.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,124 shares of the company’s stock worth $12,625,000 after buying an additional 10,953 shares in the last quarter. BB&T Corp raised its stake in shares of Anthem by 44.5% in the second quarter. BB&T Corp now owns 149,999 shares of the company’s stock worth $19,701,000 after buying an additional 46,191 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Anthem by 2.1% in the second quarter. California Public Employees Retirement System now owns 823,609 shares of the company’s stock worth $108,173,000 after buying an additional 16,700 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.
Anthem Inc. (NYSE:ANTM) traded down 0.75% on Wednesday, hitting $144.19. The stock had a trading volume of 324,747 shares. The firm has a market cap of $37.98 billion, a PE ratio of 16.93 and a beta of 0.57. The company has a 50-day moving average price of $128.22 and a 200 day moving average price of $129.31. Anthem Inc. has a 52-week low of $114.85 and a 52-week high of $148.00.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.47 by $0.02. Anthem had a return on equity of 11.64% and a net margin of 2.74%. The business earned $21.13 billion during the quarter, compared to analysts’ expectations of $20.77 billion. During the same quarter in the previous year, the company posted $2.73 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities analysts forecast that Anthem Inc. will post $10.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $2.60 annualized dividend and a dividend yield of 1.79%. Anthem’s payout ratio is 30.52%.
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ANTM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered Anthem from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $154.00 to $132.00 in a research report on Monday, October 17th. Wolfe Research upgraded Anthem from a “market perform” rating to an “outperform” rating and set a $173.00 price objective on the stock in a research report on Tuesday, November 22nd. Zacks Investment Research upgraded Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Cantor Fitzgerald set a $125.00 price target on Anthem and gave the company a “hold” rating in a research report on Wednesday, November 2nd. Finally, Leerink Swann lifted their price target on Anthem from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, November 3rd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Anthem currently has a consensus rating of “Buy” and a consensus price target of $158.39.
In related news, insider Joseph Swedish sold 24,513 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $131.48, for a total value of $3,222,969.24. Following the transaction, the insider now owns 87,381 shares of the company’s stock, valued at $11,488,853.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Ronald W. Penczek sold 820 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $138.29, for a total value of $113,397.80. Following the completion of the transaction, the senior vice president now directly owns 1,320 shares in the company, valued at approximately $182,542.80. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.
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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