Chicago Partners Investment Group LLC Cuts Holdings in Anthem, Inc. (ANTM)
Chicago Partners Investment Group LLC decreased its stake in shares of Anthem, Inc. (NYSE:ANTM) by 40.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 957 shares of the company’s stock after selling 643 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Anthem were worth $182,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Anthem by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after purchasing an additional 479,046 shares during the last quarter. Orbis Allan Gray Ltd increased its position in shares of Anthem by 4.3% during the 2nd 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. Nordea Investment Management AB increased its position in shares of Anthem by 8.7% during the 3rd quarter. Nordea Investment Management AB now owns 4,215,569 shares of the company’s stock worth $800,452,000 after purchasing an additional 339,111 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Anthem by 2.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 3,103,892 shares of the company’s stock worth $589,367,000 after purchasing an additional 71,119 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Anthem by 0.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,393,810 shares of the company’s stock worth $454,537,000 after purchasing an additional 12,975 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.
ANTM has been the topic of several recent analyst reports. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Morgan Stanley boosted their target price on Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Bank of America boosted their target price on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Jefferies Group boosted their target price on Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Finally, Credit Suisse Group initiated coverage on Anthem in a report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and a consensus target price of $201.07.
Shares of Anthem, Inc. (NYSE:ANTM) opened at $226.21 on Friday. The stock has a market capitalization of $58,084.25, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.77 and a beta of 0.79. Anthem, Inc. has a one year low of $140.50 and a one year high of $236.39. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $22.10 billion. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 EPS. equities analysts predict that Anthem, Inc. will post 11.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be paid a $0.70 dividend. The ex-dividend date is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.24%. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
Anthem announced that its board has initiated a stock buyback plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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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