Retirement Systems of Alabama Reduces Position in Anthem, Inc. (ANTM)
Retirement Systems of Alabama lowered its stake in shares of Anthem, Inc. (NYSE:ANTM) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,694 shares of the company’s stock after selling 1,084 shares during the quarter. Retirement Systems of Alabama owned about 0.07% of Anthem worth $36,399,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. increased its position in Anthem by 0.5% during the second quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock worth $201,000 after acquiring an additional 5 shares during the period. Salem Investment Counselors Inc. increased its position in Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after acquiring an additional 10 shares during the period. Cedar Wealth Management LLC increased its position in Anthem by 1.7% during the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after acquiring an additional 15 shares during the period. Gofen & Glossberg LLC IL increased its position in Anthem by 0.6% during the second quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock worth $478,000 after acquiring an additional 15 shares during the period. Finally, Dowling & Yahnke LLC increased its position in Anthem by 0.3% during the second quarter. Dowling & Yahnke LLC now owns 7,175 shares of the company’s stock worth $1,350,000 after acquiring an additional 18 shares during the period. 88.91% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research report on Thursday, September 14th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Cantor Fitzgerald reiterated a “buy” rating and set a $220.00 price target on shares of Anthem in a research note on Wednesday, October 25th. Finally, Cowen and Company reiterated a “buy” rating and set a $160.00 price target on shares of Anthem in a research note on Thursday, September 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $197.69.
In related news, SVP Ronald W. Penczek sold 978 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total transaction of $212,636.76. Following the transaction, the senior vice president now owns 1,222 shares in the company, valued at approximately $265,687.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph Swedish sold 21,125 shares of the company’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 transaction, the insider now owns 87,668 shares in the company, valued at approximately $17,270,596. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,955 shares of company stock worth $13,179,953. 0.36% of the stock is owned by corporate insiders.
Shares of Anthem, Inc. (ANTM) traded up $0.73 during trading hours on Monday, hitting $219.00. 373,780 shares of the stock traded hands, compared to its average volume of 1,589,956. Anthem, Inc. has a 52 week low of $131.38 and a 52 week high of $220.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $56,043.11, a P/E ratio of 17.52, a PEG ratio of 1.71 and a beta of 0.77.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.45 EPS. equities research analysts predict that Anthem, Inc. will post 11.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.28%. Anthem’s dividend payout ratio (DPR) is 25.32%.
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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