Nomura Asset Management Co. Ltd. boosted its stake in shares of Anthem, Inc. (NYSE:ANTM) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,397 shares of the company’s stock after purchasing an additional 1,433 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Anthem were worth $10,140,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of ANTM. First Interstate Bank increased its holdings in Anthem by 1,910.7% during the third quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after buying an additional 535 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Anthem during the second quarter valued at approximately $128,000. Salem Investment Counselors Inc. increased its holdings in Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after buying an additional 10 shares during the last quarter. Harding Loevner LP purchased a new stake in Anthem during the second quarter valued at approximately $151,000. Finally, Krilogy Financial LLC purchased a new stake in Anthem during the second quarter valued at approximately $160,000. Institutional investors own 87.26% of the company’s stock.
In other Anthem news, Director Julie A. Hill sold 1,602 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total transaction of $345,551.40. Following the completion of the transaction, the director now owns 35,322 shares in the company, valued at $7,618,955.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joseph Swedish sold 21,125 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the transaction, the chairman now owns 87,668 shares of the company’s stock, valued at approximately $20,289,005.24. The disclosure for this sale can be found here. Insiders have sold 65,955 shares of company stock valued at $13,907,287 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.
Anthem, Inc. (NYSE:ANTM) opened at $222.71 on Thursday. The firm has a market cap of $57,383.41, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.75 and a beta of 0.79. Anthem, Inc. has a 52 week low of $140.50 and a 52 week high of $236.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. Anthem’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $2.45 earnings per share. equities analysts predict that Anthem, Inc. will post 11.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.26%. Anthem’s payout ratio is 25.32%.
ANTM has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. Jefferies Group reissued a “hold” rating and issued a $204.00 price objective on shares of Anthem in a research note on Sunday, August 20th. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $215.00 price objective on shares of Anthem in a research note on Thursday, September 14th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Anthem presently has an average rating of “Buy” and a consensus target price of $201.07.
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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