First Eagle Investment Management LLC Has $809.03 Million Stake in Anthem Inc (ANTM)

First Eagle Investment Management LLC trimmed its holdings in shares of Anthem Inc (NYSE:ANTM) by 2.9% during the third quarter, Holdings Channel reports. The fund owned 2,952,111 shares of the company’s stock after selling 89,143 shares during the quarter. Anthem accounts for 2.0% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 16th largest holding. First Eagle Investment Management LLC’s holdings in Anthem were worth $809,026,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Anthem during the third quarter worth about $108,000. Legacy Advisors LLC bought a new stake in Anthem in the third quarter valued at about $113,000. JNBA Financial Advisors bought a new stake in Anthem in the third quarter valued at about $134,000. Flagship Harbor Advisors LLC bought a new stake in Anthem in the second quarter valued at about $120,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in Anthem in the third quarter valued at about $140,000. 87.59% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ANTM opened at $280.74 on Monday. The company has a market cap of $72.61 billion, a PE ratio of 23.32, a P/E/G ratio of 1.44 and a beta of 0.86. Anthem Inc has a 52 week low of $215.52 and a 52 week high of $290.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.54.

Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, October 31st. The company reported $3.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.70 by $0.11. The company had revenue of $22.98 billion during 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%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.65 earnings per share. Equities research analysts anticipate that Anthem Inc will post 15.66 EPS 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 presently 24.92%.

Several analysts recently weighed in on ANTM shares. BMO Capital Markets boosted their price objective on Anthem from $300.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, November 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $275.00 price objective on shares of Anthem in a report on Thursday, October 25th. Jefferies Financial Group reissued a “buy” rating and issued a $316.00 price objective on shares of Anthem in a report on Friday, October 12th. SunTrust Banks boosted their price objective on Anthem to $315.00 and gave the company a “hold” rating in a report on Thursday, November 1st. Finally, Citigroup boosted their price objective on Anthem from $290.00 to $292.00 and gave the company a “neutral” rating in a report on Tuesday, November 6th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $294.73.

In other news, CAO Ronald W. Penczek sold 763 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $265.56, for a total transaction of $202,622.28. Following the completion of the transaction, the chief accounting officer now directly owns 1,334 shares in the company, valued at $354,257.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president now owns 29,466 shares of the company’s stock, valued at $8,536,594.86. The disclosure for this sale can be found here. Insiders have sold 20,025 shares of company stock valued at $5,557,803 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

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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.

Further Reading: Float

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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