State of Michigan Retirement System lifted its stake in Anthem Inc (NYSE:ANTM) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,410 shares of the company’s stock after acquiring an additional 6,266 shares during the quarter. State of Michigan Retirement System’s holdings in Anthem were worth $16,939,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Symmetry Partners LLC acquired a new stake in shares of Anthem in the second quarter valued at about $505,000. HighTower Advisors LLC acquired a new stake in shares of Anthem in the first quarter valued at about $2,884,000. Empowered Funds LLC increased its position in shares of Anthem by 30.3% in the second quarter. Empowered Funds LLC now owns 9,324 shares of the company’s stock valued at $2,452,000 after acquiring an additional 2,170 shares during the last quarter. FDx Advisors Inc. increased its position in shares of Anthem by 35.7% in the first quarter. FDx Advisors Inc. now owns 2,289 shares of the company’s stock valued at $520,000 after acquiring an additional 602 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of Anthem by 2.0% in the second quarter. CENTRAL TRUST Co now owns 2,991 shares of the company’s stock valued at $787,000 after acquiring an additional 60 shares during the last quarter. 86.82% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Julie A. Hill sold 1,102 shares of the business’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 completion of the sale, the director now directly owns 31,822 shares in the company, valued at $9,013,899.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Gloria M. Mccarthy sold 18,261 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $276.11, for a total value of $5,042,044.71. Following the completion of the sale, the executive vice president now owns 60,360 shares of the company’s stock, valued at $16,665,999.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,465 shares of company stock valued at $5,667,815. 0.22% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on ANTM. UBS Group lifted their target price on Anthem from $307.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. They noted that the move was a valuation call. 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 report on Wednesday, April 29th. ValuEngine downgraded Anthem from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. SunTrust Banks boosted their price target on Anthem from $280.00 to $320.00 and gave the stock a “hold” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley boosted their price target on Anthem from $310.00 to $423.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $333.50.

Shares of NYSE:ANTM traded down $3.39 during trading on Friday, reaching $273.80. 1,005,292 shares of the stock were exchanged, compared to its average volume of 1,187,834. Anthem Inc has a 12 month low of $171.03 and a 12 month high of $309.10. The firm has a market cap of $68.86 billion, a PE ratio of 11.89, a PEG ratio of 0.84 and a beta of 0.95. The stock has a 50-day moving average price of $264.60 and a 200-day moving average price of $268.06. The company has a current ratio of 1.64, a quick ratio of 1.53 and a debt-to-equity ratio of 0.58.

Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.77 by $0.43. The company had revenue of $29.20 billion during the quarter, compared to analysts’ expectations of $29.37 billion. Anthem had a return on equity of 19.44% and a net margin of 5.24%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.64 earnings per share. On average, sell-side analysts expect that Anthem Inc will post 22.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, September 9th. Anthem’s dividend payout ratio (DPR) is currently 19.55%.

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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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