Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Anthem Inc (NYSE:ANTM) by 44.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 429,179 shares of the company’s stock after selling 348,975 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of Anthem worth $117,617,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in ANTM. Westpac Banking Corp increased its position in Anthem by 44.2% during the 3rd quarter. Westpac Banking Corp now owns 30,975 shares of the company’s stock worth $8,489,000 after buying an additional 9,492 shares during the period. Menora Mivtachim Holdings LTD. increased its position in Anthem by 35.0% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 199,815 shares of the company’s stock worth $54,759,000 after buying an additional 51,800 shares during the period. DekaBank Deutsche Girozentrale increased its position in Anthem by 2.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 113,616 shares of the company’s stock worth $30,369,000 after buying an additional 2,493 shares during the period. FIL Ltd increased its position in Anthem by 11.3% during the 3rd quarter. FIL Ltd now owns 616,142 shares of the company’s stock worth $168,853,000 after buying an additional 62,533 shares during the period. Finally, American International Group Inc. increased its position in Anthem by 9.0% during the 3rd quarter. American International Group Inc. now owns 87,396 shares of the company’s stock worth $23,951,000 after buying an additional 7,194 shares during the period. Institutional investors own 87.59% of the company’s stock.
ANTM has been the topic of several recent research reports. Credit Suisse Group increased their price objective on Anthem from $284.00 to $311.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. Morgan Stanley increased their price objective on Anthem from $368.00 to $372.00 and gave the stock an “overweight” rating in a research report on Thursday, November 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $275.00 price objective on shares of Anthem in a research report on Thursday, October 25th. Jefferies Financial Group reiterated a “buy” rating and set a $316.00 price objective on shares of Anthem in a research report on Friday, October 12th. Finally, Citigroup increased their price objective on Anthem from $290.00 to $292.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 6th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $294.73.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.11. The company had revenue of $22.98 billion for the quarter, compared to analyst estimates of $22.85 billion. Anthem had a return on equity of 13.99% and a net margin of 4.98%. Anthem’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.65 EPS. Equities analysts forecast that Anthem Inc will post 15.66 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, December 4th. Anthem’s dividend payout ratio (DPR) is currently 24.92%.
In related news, EVP Thomas C. Zielinski sold 7,826 shares of the firm’s stock in a transaction dated 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 $8,536,594.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie A. Hill sold 500 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were 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 have sold 23,525 shares of company stock worth $6,488,523. 0.31% of the stock is currently owned by insiders.
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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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