Old Mutual Global Investors UK Ltd. Takes $790,000 Position in Anthem, Inc. (ANTM)
Old Mutual Global Investors UK Ltd. acquired a new position in shares of Anthem, Inc. (NYSE:ANTM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,200 shares of the company’s stock, valued at approximately $790,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank lifted its holdings in shares of Anthem by 3.3% during the 2nd quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock worth $193,161,000 after acquiring an additional 32,900 shares during the last quarter. Endurant Capital Management LP lifted its holdings in shares of Anthem by 99.6% during the 1st quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock worth $9,277,000 after acquiring an additional 27,998 shares during the last quarter. Union Bankshares Corp lifted its holdings in shares of Anthem by 1.4% during the 2nd quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock worth $681,000 after acquiring an additional 49 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Anthem during the 2nd quarter worth $2,512,000. Finally, Karp Capital Management Corp bought a new stake in shares of Anthem during the 1st quarter worth $35,580,000. 87.69% of the stock is owned by institutional investors.
Shares of Anthem, Inc. (NYSE:ANTM) opened at 193.85 on Monday. The firm has a 50-day moving average of $191.60 and a 200 day moving average of $180.85. The company has a market capitalization of $50.90 billion, a P/E ratio of 18.33 and a beta of 0.70. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $198.98.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. During the same period last year, the company posted $3.33 EPS. The business’s revenue was up 4.3% on a year-over-year basis. On average, analysts anticipate that Anthem, Inc. will post $11.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a $0.70 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is presently 26.52%.
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In other news, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now owns 36,924 shares in the company, valued at approximately $7,045,099.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the completion of the sale, the insider now owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The disclosure for this sale can be found here. Insiders sold a total of 30,776 shares of company stock valued at $6,007,143 over the last three months. Corporate insiders own 0.36% of the company’s stock.
A number of analysts have recently issued reports on ANTM shares. Citigroup Inc. reaffirmed a “buy” rating and set a $205.00 price objective on shares of Anthem in a report on Wednesday, June 28th. Credit Suisse Group started coverage on shares of Anthem in a report on Wednesday, July 12th. They set a “neutral” rating and a $195.00 price objective for the company. BidaskClub downgraded shares of Anthem from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation lifted their price objective on shares of Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $183.94.
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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