Barings LLC Has $2,650,000 Stake in Anthem, Inc. (NYSE:ANTM)
Barings LLC maintained its position in shares of Anthem, Inc. (NYSE:ANTM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,024 shares of the company’s stock at the end of the first quarter. Barings LLC’s holdings in Anthem were worth $2,650,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after buying an additional 21,914,321 shares during the last quarter. Dodge & Cox acquired a new position in shares of Anthem during the fourth quarter valued at about $432,031,000. Norges Bank purchased a new stake in Anthem during the fourth quarter valued at $376,884,000. Boston Partners boosted its stake in Anthem by 112.6% in the first quarter. Boston Partners now owns 3,895,863 shares of the company’s stock valued at $644,298,000 after buying an additional 2,063,562 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Anthem by 53.5% in the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after buying an additional 1,548,077 shares during the period. 88.69% of the stock is owned by hedge funds and other institutional investors.
Anthem, Inc. (NYSE:ANTM) traded up 0.01% during mid-day trading on Friday, hitting $192.56. 1,124,539 shares of the stock were exchanged. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94. The stock has a 50 day moving average of $185.31 and a 200-day moving average of $166.86. The stock has a market cap of $51.03 billion, a price-to-earnings ratio of 18.68 and a beta of 0.73.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.85 by $0.83. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The firm had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $21.23 billion. During the same quarter last year, the business posted $3.46 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts predict that Anthem, Inc. will post $11.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were issued a dividend of $0.65 per share. The ex-dividend date was Wednesday, June 7th. This represents a $2.60 annualized dividend and a yield of 1.35%. Anthem’s dividend payout ratio is presently 25.22%.
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Several brokerages recently issued reports on ANTM. Credit Suisse Group began coverage on shares of Anthem in a research note on Wednesday. They set a “neutral” rating and a $195.00 target price on the stock. Bank of America Corporation raised their price objective on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $204.00 price objective on shares of Anthem in a research note on Friday. Deutsche Bank AG raised their price target on shares of Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Morgan Stanley assumed coverage on shares of Anthem in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $174.26.
In related news, Director Julie A. Hill sold 555 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total value of $100,210.80. Following the transaction, the director now owns 37,448 shares in the company, valued at $6,761,610.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ramiro G. Peru sold 2,681 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total value of $486,815.98. Following the completion of the sale, the director now directly owns 13,571 shares of the company’s stock, valued at $2,464,222.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,103 shares of company stock valued at $749,555. 0.36% of the stock is currently owned by insiders.
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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