Public Employees Retirement Association of Colorado lessened its stake in Anthem Inc (NYSE:ANTM) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 46,691 shares of the company’s stock after selling 271 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Anthem were worth $11,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ANTM. Financial Gravity Wealth Inc. acquired a new position in shares of Anthem during the 1st quarter valued at $103,000. Reilly Financial Advisors LLC lifted its holdings in shares of Anthem by 144.9% during the 1st quarter. Reilly Financial Advisors LLC now owns 556 shares of the company’s stock valued at $122,000 after acquiring an additional 329 shares in the last quarter. ClariVest Asset Management LLC lifted its holdings in shares of Anthem by 884.4% during the 1st quarter. ClariVest Asset Management LLC now owns 630 shares of the company’s stock valued at $139,000 after acquiring an additional 566 shares in the last quarter. Kaizen Advisory LLC lifted its holdings in shares of Anthem by 139.2% during the 2nd quarter. Kaizen Advisory LLC now owns 598 shares of the company’s stock valued at $142,000 after acquiring an additional 348 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Anthem by 47.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 638 shares of the company’s stock valued at $152,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 86.04% of the company’s stock.

Shares of NYSE:ANTM opened at $257.97 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.61. Anthem Inc has a fifty-two week low of $179.40 and a fifty-two week high of $267.95. The stock has a market cap of $67.06 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89.

Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.16 by $0.09. Anthem had a net margin of 4.79% and a return on equity of 13.28%. The business had revenue of $22.71 billion during the quarter, compared to the consensus estimate of $22.66 billion. During the same quarter in the prior year, the firm earned $3.37 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities analysts expect that Anthem Inc will post 15.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Monday, September 10th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, September 7th. Anthem’s dividend payout ratio is presently 24.92%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $274.00 price target on the stock in a research note on Wednesday, June 20th. Cantor Fitzgerald reissued a “buy” rating and issued a $275.00 target price on shares of Anthem in a research report on Wednesday, July 25th. ValuEngine downgraded shares of Anthem from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Sanford C. Bernstein set a $332.00 target price on shares of Anthem and gave the stock an “outperform” rating in a research report on Thursday, April 26th. Finally, Morgan Stanley boosted their target price on shares of Anthem from $269.00 to $273.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $269.00.

In other Anthem news, EVP Craig E. Samitt sold 19,541 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $246.68, for a total transaction of $4,820,373.88. Following the completion of the transaction, the executive vice president now directly owns 20,857 shares of the company’s stock, valued at approximately $5,145,004.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julie A. Hill sold 1,000 shares of the business’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $233.00, for a total transaction of $233,000.00. Following the transaction, the director now directly owns 35,075 shares of the company’s stock, valued at $8,172,475. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,541 shares of company stock valued at $5,284,474. Insiders own 0.31% of the company’s stock.

Anthem Company Profile

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.

Read More: Earnings Per Share (EPS) Explained

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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