Anthem Inc (ANTM) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lessened its holdings in shares of Anthem Inc (NYSE:ANTM) by 33.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,490 shares of the company’s stock after selling 129,100 shares during the period. Canada Pension Plan Investment Board owned about 0.10% of Anthem worth $71,935,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. WINTON GROUP Ltd boosted its position in Anthem by 138.2% during the 3rd quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock valued at $22,004,000 after acquiring an additional 46,590 shares in the last quarter. Visionary Asset Management Inc. bought a new stake in Anthem during the 3rd quarter valued at approximately $223,000. Advisors Asset Management Inc. boosted its position in Anthem by 48.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 15,646 shares of the company’s stock valued at $2,353,000 after acquiring an additional 5,086 shares in the last quarter. Diligent Investors LLC bought a new stake in Anthem during the 3rd quarter valued at approximately $200,000. Finally, Partner Fund Management L.P. boosted its position in Anthem by 7.0% during the 2nd quarter. Partner Fund Management L.P. now owns 707,244 shares of the company’s stock valued at $168,345,000 after acquiring an additional 46,374 shares in the last quarter. Institutional investors own 87.59% of the company’s stock.

In other news, EVP Thomas C. Zielinski sold 7,826 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $289.71, for a total value of $2,267,270.46. Following the sale, the executive vice president now directly owns 29,466 shares of the company’s stock, valued at approximately $8,536,594.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Julie A. Hill sold 500 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $287.25, for a total value of $143,625.00. Following the completion of the sale, the director now directly owns 34,327 shares in the company, valued at $9,860,430.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,525 shares of company stock worth $6,488,523. Insiders own 0.31% of the company’s stock.

Several analysts have weighed in on the company. Barclays reaffirmed an “overweight” rating and set a $300.00 price objective (up from $270.00) on shares of Anthem in a research report on Thursday, November 1st. Citigroup cut Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price objective on the stock. in a research report on Monday, September 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $316.00 price objective on shares of Anthem in a research report on Friday, October 12th. Cowen assumed coverage on Anthem in a research report on Monday, September 17th. They set an “outperform” rating and a $318.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on Anthem from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $294.73.

Shares of ANTM opened at $280.74 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.54 and a debt-to-equity ratio of 0.59. Anthem Inc has a 52 week low of $215.52 and a 52 week high of $290.84. The company has a market capitalization of $72.15 billion, a PE ratio of 23.32, a P/E/G ratio of 1.43 and a beta of 0.86.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.11. Anthem had a return on equity of 13.99% and a net margin of 4.98%. The firm had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $22.85 billion. During the same period in the previous year, the firm posted $2.65 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts forecast that Anthem Inc will post 15.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.07%. Anthem’s dividend payout ratio is currently 24.92%.

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About Anthem

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.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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