Parametric Portfolio Associates LLC Buys 466,438 Shares of Anthem, Inc. (ANTM)
Parametric Portfolio Associates LLC lifted its stake in Anthem, Inc. (NYSE:ANTM) by 65.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,180,628 shares of the company’s stock after buying an additional 466,438 shares during the period. Parametric Portfolio Associates LLC owned about 0.45% of Anthem worth $222,112,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its holdings in Anthem by 2,873.5% during the 1st quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after purchasing an additional 21,914,321 shares in the last quarter. Wellington Management Group LLP increased its holdings in Anthem by 53.5% during the 1st quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after purchasing an additional 1,548,077 shares in the last quarter. OZ Management LP acquired a new stake in Anthem during the 1st quarter valued at $192,493,000. FMR LLC increased its holdings in Anthem by 8.2% during the 1st quarter. FMR LLC now owns 12,335,115 shares of the company’s stock valued at $2,039,982,000 after purchasing an additional 934,509 shares in the last quarter. Finally, JPMorgan Chase & Co. increased 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 purchasing an additional 811,537 shares in the last quarter. 87.65% of the stock is owned by institutional investors and hedge funds.
In other Anthem news, EVP Thomas C. Zielinski sold 9,127 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the sale, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the sale, the insider now directly owns 87,668 shares in the company, valued at approximately $17,270,596. The disclosure for this sale can be found here. Insiders sold 30,776 shares of company stock valued at $6,007,143 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
Anthem, Inc. (NYSE:ANTM) traded down 0.35% on Friday, hitting $182.86. The stock had a trading volume of 2,244,287 shares. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $198.98. The company has a market capitalization of $48.02 billion, a PE ratio of 17.29 and a beta of 0.70. The company has a 50 day moving average of $191.59 and a 200 day moving average of $182.25.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. Anthem’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.33 earnings per share. On average, equities analysts expect that Anthem, Inc. will post $11.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.53%. This is an increase from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio is presently 26.52%.
A number of equities research analysts recently weighed in on ANTM shares. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a report on Thursday, August 24th. BidaskClub cut Anthem from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation raised their price target on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 14th. Citigroup Inc. reaffirmed a “buy” rating and set a $205.00 price target on shares of Anthem in a report on Wednesday, June 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $215.00 price target on shares of Anthem in a report on Thursday, September 14th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $184.67.
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.
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem, Inc. (NYSE:ANTM).
Receive News & Stock Ratings for Anthem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc. and related stocks with our FREE daily email newsletter.