Strs Ohio trimmed its position in shares of Anthem Inc (NYSE:ANTM) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 347,434 shares of the company’s stock after selling 27,145 shares during the quarter. Strs Ohio’s holdings in Anthem were worth $83,418,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in ANTM. NuWave Investment Management LLC boosted its holdings in Anthem by 46.3% during the second quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock valued at $34,000 after purchasing an additional 38 shares in the last quarter. Sonora Investment Management LLC raised its position in Anthem by 38.0% in the 2nd quarter. Sonora Investment Management LLC now owns 138 shares of the company’s stock worth $39,000 after purchasing an additional 38 shares during the last quarter. Convergence Investment Partners LLC raised its position in Anthem by 4.2% in the 2nd quarter. Convergence Investment Partners LLC now owns 943 shares of the company’s stock worth $266,000 after purchasing an additional 38 shares during the last quarter. Wright Investors Service Inc. raised its position in Anthem by 0.4% in the 2nd quarter. Wright Investors Service Inc. now owns 10,050 shares of the company’s stock worth $2,836,000 after purchasing an additional 41 shares during the last quarter. Finally, Advantage Investment Management LLC raised its position in Anthem by 10.1% in the 2nd quarter. Advantage Investment Management LLC now owns 458 shares of the company’s stock worth $129,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 88.39% of the company’s stock.
Several research firms recently weighed in on ANTM. Wells Fargo & Co restated a “buy” rating on shares of Anthem in a research report on Friday, July 26th. Mizuho assumed coverage on shares of Anthem in a research report on Thursday. They set a “neutral” rating and a $262.00 target price for the company. ValuEngine upgraded shares of Anthem from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley dropped their target price on shares of Anthem from $371.00 to $356.00 and set an “overweight” rating for the company in a research report on Thursday, September 26th. Finally, Deutsche Bank assumed coverage on shares of Anthem in a research report on Thursday, September 12th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $320.67.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $4.64 EPS for the quarter, topping the consensus estimate of $4.61 by $0.03. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The firm had revenue of $25.20 billion for the quarter, compared to analysts’ expectations of $24.88 billion. During the same period in the previous year, the firm posted $4.25 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, research analysts expect that Anthem Inc will post 19.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $3.20 annualized dividend and a yield of 1.26%. Anthem’s dividend payout ratio (DPR) is presently 20.14%.
In other news, Director Robert L. Dixon, Jr. sold 520 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $294.11, for a total value of $152,937.20. Following the sale, the director now directly owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% 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.
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