Public Employees Retirement Association of Colorado Has $13.39 Million Position in Anthem Inc (NYSE:ANTM)
Public Employees Retirement Association of Colorado lowered its position in Anthem Inc (NYSE:ANTM) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,454 shares of the company’s stock after selling 1,426 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Anthem were worth $13,392,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Anthem by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 3,387,625 shares of the company’s stock worth $888,145,000 after purchasing an additional 273,738 shares in the last quarter. Northern Trust Corp raised its stake in Anthem by 1.9% in the 1st quarter. Northern Trust Corp now owns 3,122,110 shares of the company’s stock worth $895,982,000 after purchasing an additional 57,447 shares in the last quarter. Janus Henderson Group PLC raised its stake in Anthem by 10.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,245,114 shares of the company’s stock worth $644,305,000 after purchasing an additional 205,390 shares in the last quarter. Sanders Capital LLC raised its stake in Anthem by 10.1% in the 2nd quarter. Sanders Capital LLC now owns 2,196,547 shares of the company’s stock worth $696,954,000 after purchasing an additional 201,400 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Anthem by 7.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,184,357 shares of the company’s stock worth $339,887,000 after purchasing an additional 81,040 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.
In other Anthem news, Director Robert L. Dixon, Jr. sold 520 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $294.11, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ramiro G. Peru sold 1,656 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $275.00, for a total transaction of $455,400.00. Following the sale, the director now directly owns 11,173 shares in the company, valued at $3,072,575. The disclosure for this sale can be found here. Insiders have sold a total of 11,765 shares of company stock worth $3,327,092 over the last ninety days. 0.17% of the stock is currently owned by insiders.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $4.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.03. The company had revenue of $25.20 billion for the quarter, compared to analyst estimates of $24.88 billion. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.25 EPS. As a group, equities research analysts predict that Anthem Inc will post 19.35 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, September 9th. Anthem’s dividend payout ratio (DPR) is presently 20.14%.
ANTM has been the subject of several analyst reports. Citigroup upgraded shares of Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price objective for the company in a research note on Friday, May 10th. Barclays raised their target price on shares of Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Morgan Stanley raised their target price on shares of Anthem from $359.00 to $371.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Cantor Fitzgerald reissued a “buy” rating and issued a $360.00 target price on shares of Anthem in a report on Sunday, April 21st. Finally, UBS Group began coverage on shares of Anthem in a report on Tuesday, April 23rd. They issued a “buy” rating and a $294.00 target price on the stock. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $325.67.
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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