NFJ Investment Group LLC Lowers Holdings in Anthem, Inc. (NYSE:ANTM)

NFJ Investment Group LLC cut its position in Anthem, Inc. (NYSE:ANTM) by 15.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,412 shares of the company’s stock after selling 21,948 shares during the quarter. Anthem comprises 0.8% of NFJ Investment Group LLC’s investment portfolio, making the stock its 19th biggest position. NFJ Investment Group LLC’s holdings in Anthem were worth $44,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Financial Planning Inc. purchased a new stake in shares of Anthem during the 2nd quarter valued at $29,000. Allred Capital Management LLC purchased a new stake in shares of Anthem during the 1st quarter valued at $28,000. Burleson & Company LLC purchased a new stake in shares of Anthem during the 1st quarter valued at $37,000. Bbva USA purchased a new stake in shares of Anthem during the 2nd quarter valued at $42,000. Finally, Evoke Wealth LLC raised its position in shares of Anthem by 61.3% during the 1st quarter. Evoke Wealth LLC now owns 121 shares of the company’s stock valued at $43,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

NYSE ANTM traded down $0.12 during trading hours on Wednesday, reaching $378.95. 26,800 shares of the company’s stock traded hands, compared to its average volume of 1,168,767. Anthem, Inc. has a 52-week low of $244.10 and a 52-week high of $406.00. The firm has a market cap of $92.39 billion, a PE ratio of 22.24, a PEG ratio of 1.07 and a beta of 1.03. The firm has a 50-day simple moving average of $378.35 and a 200 day simple moving average of $377.19. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.49 and a quick ratio of 1.49.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Tuesday, July 20th. The company reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.34 by $0.69. Anthem had a net margin of 3.27% and a return on equity of 15.24%. The company had revenue of $33.28 billion during the quarter, compared to analysts’ expectations of $33.22 billion. During the same period last year, the company posted $9.20 EPS. Anthem’s revenue was up 14.1% on a year-over-year basis. Sell-side analysts forecast that Anthem, Inc. will post 25.6 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Investors of record on Friday, September 10th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, September 9th. This represents a $4.52 dividend on an annualized basis and a yield of 1.19%. Anthem’s dividend payout ratio (DPR) is currently 20.11%.

ANTM has been the topic of several recent research reports. Seaport Res Ptn reaffirmed a “buy” rating on shares of Anthem in a report on Friday, July 9th. Cantor Fitzgerald increased their target price on shares of Anthem from $430.00 to $455.00 and gave the company an “overweight” rating in a report on Thursday, July 22nd. Jefferies Financial Group increased their target price on shares of Anthem from $447.00 to $453.00 and gave the company a “buy” rating in a report on Thursday, July 22nd. Stephens increased their target price on shares of Anthem from $430.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, July 22nd. Finally, Morgan Stanley increased their target price on shares of Anthem from $459.00 to $468.00 and gave the company an “overweight” rating in a report on Tuesday, August 31st. Two analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $419.76.

In other news, Director Ryan M. Schneider bought 1,300 shares of the firm’s stock in a transaction on Friday, July 23rd. The stock was acquired at an average cost of $384.36 per share, with a total value of $499,668.00. Following the completion of the acquisition, the director now owns 4,714 shares of the company’s stock, valued at $1,811,873.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.28% of the company’s stock.

Anthem Profile

Anthem, Inc provides life, hospital and medical insurance plans. It offers a broad spectrum of network-based managed care health benefit plans to the large and small employer, individual, Medicaid, and Medicare markets. The company operates through the following segments: Commercial & Specialty Business, Government Business, IngenioRx and Other.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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