Prudential PLC Has $81.13 Million Position in Anthem, Inc. (ANTM)
Prudential PLC lowered its position in shares of Anthem, Inc. (NYSE:ANTM) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 431,240 shares of the company’s stock after selling 12,055 shares during the period. Prudential PLC owned 0.16% of Anthem worth $81,129,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Orbis Allan Gray Ltd lifted its stake in Anthem by 4.3% during the second quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock worth $799,933,000 after purchasing an additional 176,023 shares during the last quarter. AHL Partners LLP boosted its holdings in Anthem by 0.3% in the second quarter. AHL Partners LLP now owns 82,529 shares of the company’s stock valued at $15,526,000 after purchasing an additional 223 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares in the last quarter. Institute for Wealth Management LLC. acquired a new position in Anthem in the second quarter valued at approximately $556,000. Finally, Tudor Investment Corp ET AL boosted its holdings in Anthem by 376.8% in the second quarter. Tudor Investment Corp ET AL now owns 12,398 shares of the company’s stock valued at $2,332,000 after purchasing an additional 9,798 shares in the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.
In related news, EVP Thomas C. Zielinski sold 9,127 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the completion of the transaction, the executive vice president now directly owns 26,571 shares in the company, valued at approximately $5,081,703.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.00, for a total value of $4,161,625.00. Following the transaction, the insider now owns 87,668 shares of the company’s stock, valued at $17,270,596. The disclosure for this sale can be found here. Insiders have sold a total of 30,776 shares of company stock worth $6,007,143 over the last quarter. Insiders own 0.36% of the company’s stock.
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Several analysts have recently weighed in on ANTM shares. Zacks Investment Research downgraded shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morgan Stanley increased their target price on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $202.00 target price on shares of Anthem in a research report on Wednesday. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $204.00 price target on shares of Anthem in a research note on Friday, July 14th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $187.50.
Anthem, Inc. (NYSE:ANTM) traded up 0.34% during midday trading on Wednesday, hitting $193.89. The stock had a trading volume of 259,650 shares. Anthem, Inc. has a one year low of $114.85 and a one year high of $198.98. The firm has a market cap of $50.91 billion, a PE ratio of 18.33 and a beta of 0.71. The stock has a 50-day moving average price of $190.53 and a 200 day moving average price of $183.68.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. The company 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.33 earnings per share. On average, analysts predict that Anthem, Inc. will post $11.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.45%. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, September 7th. Anthem’s dividend payout ratio is presently 26.52%.
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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