GAM Holding AG lowered its position in shares of Anthem Inc (NYSE:ANTM) by 22.0% during the third quarter, HoldingsChannel.com reports. The firm owned 4,935 shares of the company’s stock after selling 1,388 shares during the quarter. GAM Holding AG’s holdings in Anthem were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ANTM. Alliancebernstein L.P. grew its position in Anthem by 0.3% during the third quarter. Alliancebernstein L.P. now owns 2,958,593 shares of the company’s stock worth $810,802,000 after buying an additional 7,671 shares in the last quarter. OppenheimerFunds Inc. grew its position in Anthem by 3.3% during the second quarter. OppenheimerFunds Inc. now owns 2,412,481 shares of the company’s stock worth $574,244,000 after buying an additional 77,194 shares in the last quarter. Artisan Partners Limited Partnership grew its position in Anthem by 40.2% during the second quarter. Artisan Partners Limited Partnership now owns 1,788,388 shares of the company’s stock worth $425,690,000 after buying an additional 512,962 shares in the last quarter. Iridian Asset Management LLC CT grew its position in Anthem by 129.1% during the third quarter. Iridian Asset Management LLC CT now owns 1,569,169 shares of the company’s stock worth $430,031,000 after buying an additional 884,335 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Anthem by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,159,985 shares of the company’s stock worth $276,112,000 after buying an additional 12,805 shares in the last quarter. Institutional investors own 87.12% of the company’s stock.
In other news, EVP Peter D. Haytaian sold 4,500 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $270.00, for a total value of $1,215,000.00. Following the completion of the transaction, the executive vice president now directly owns 51,206 shares in the company, valued at approximately $13,825,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Zielinski sold 7,826 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $289.71, for a total value of $2,267,270.46. Following the completion of 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 sold a total of 20,826 shares of company stock valued at $5,815,620 over the last quarter. 0.31% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on ANTM shares. Citigroup downgraded Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price target on the stock. in a research report on Monday, September 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $316.00 target price on shares of Anthem in a report on Friday, October 12th. Morgan Stanley raised Anthem from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $273.00 to $368.00 in a report on Wednesday, September 5th. Credit Suisse Group raised their target price on Anthem from $284.00 to $311.00 and gave the company an “outperform” rating in a report on Tuesday, September 4th. Finally, BMO Capital Markets raised their target price on Anthem from $300.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, November 1st. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and a consensus price target of $300.33.
Shares of ANTM stock opened at $287.41 on Friday. The firm has a market capitalization of $75.76 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 1.43 and a beta of 0.85. Anthem Inc has a fifty-two week low of $215.52 and a fifty-two week high of $300.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.54 and a current ratio of 1.53.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 EPS for the quarter, beating the Zacks’ consensus estimate of $3.70 by $0.11. Anthem had a return on equity of 13.99% and a net margin of 4.98%. The company had revenue of $22.98 billion during the quarter, compared to analysts’ expectations of $22.85 billion. During the same period in the prior year, the company earned $2.65 EPS. Anthem’s revenue was up 4.0% compared to the same quarter last year. On average, analysts forecast that Anthem Inc will post 15.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, December 4th. Anthem’s payout ratio is 24.92%.
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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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