Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of Anthem Inc (NYSE:ANTM) by 5.2% in the 1st quarter, Holdings Channel reports. The firm owned 69,210 shares of the company’s stock after selling 3,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Anthem were worth $15,713,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ANTM. Wealth Quarterback LLC purchased a new position in Anthem in the 4th quarter worth about $3,675,210,000. Norges Bank purchased a new stake in Anthem during the fourth quarter valued at about $774,815,000. Capital International Investors boosted its holdings in shares of Anthem by 22.8% in the fourth quarter. Capital International Investors now owns 6,978,994 shares of the company’s stock worth $2,107,866,000 after buying an additional 1,298,029 shares during the period. Artisan Partners Limited Partnership increased its position in shares of Anthem by 67.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,237,153 shares of the company’s stock worth $675,687,000 after acquiring an additional 902,478 shares in the last quarter. Finally, M&G Investment Management Ltd. acquired a new stake in shares of Anthem during the fourth quarter valued at approximately $187,621,000. Hedge funds and other institutional investors own 86.40% of the company’s stock.

Shares of NYSE ANTM traded down $1.57 during trading hours on Friday, hitting $277.11. The stock had a trading volume of 889,794 shares, compared to its average volume of 1,344,740. The firm’s 50-day moving average price is $258.58 and its two-hundred day moving average price is $275.14. Anthem Inc has a 52 week low of $171.03 and a 52 week high of $312.48. The company has a market capitalization of $70.26 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.53 and a current ratio of 1.53.

Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, April 29th. The company reported $6.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.54 by ($0.06). Anthem had a net margin of 4.38% and a return on equity of 16.38%. The business had revenue of $29.45 billion during the quarter, compared to analyst estimates of $28.63 billion. During the same quarter last year, the firm earned $6.03 earnings per share. Anthem’s revenue was up 20.7% compared to the same quarter last year. As a group, analysts expect that Anthem Inc will post 22.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, June 9th. Anthem’s dividend payout ratio is presently 19.55%.

ANTM has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on shares of Anthem from $310.00 to $423.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Credit Suisse Group decreased their target price on Anthem from $380.00 to $355.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Bank of America dropped their price target on Anthem from $330.00 to $324.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group lowered Anthem from a “buy” rating to a “hold” rating and set a $257.00 price objective for the company. in a research report on Thursday, April 9th. Finally, Cfra raised Anthem from a “hold” rating to a “buy” rating and lifted their target price for the company from $290.00 to $306.00 in a research note on Wednesday, April 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Anthem currently has a consensus rating of “Buy” and an average price target of $328.31.

In related news, Director Julie A. Hill sold 1,102 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $283.26, for a total value of $312,152.52. Following the transaction, the director now directly owns 31,822 shares of the company’s stock, valued at approximately $9,013,899.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gloria M. Mccarthy sold 16,884 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $270.00, for a total value of $4,558,680.00. Following the completion of the sale, the executive vice president now owns 42,099 shares of the company’s stock, valued at $11,366,730. The disclosure for this sale can be found here. Insiders have sold 55,553 shares of company stock worth $15,286,509 over the last three months. Company insiders own 0.22% of the company’s stock.

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: Bid-Ask Spread

Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.