Earnest Partners LLC trimmed its holdings in Anthem Inc (NYSE:ANTM) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,792 shares of the company’s stock after selling 6,275 shares during the quarter. Earnest Partners LLC’s holdings in Anthem were worth $25,154,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Anthem by 8.7% in the third quarter. Nordea Investment Management AB now owns 4,215,569 shares of the company’s stock valued at $800,452,000 after acquiring an additional 339,111 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Anthem by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,864,024 shares of the company’s stock valued at $643,146,000 after acquiring an additional 51,003 shares during the period. Viking Global Investors LP boosted its holdings in shares of Anthem by 190.5% in the fourth quarter. Viking Global Investors LP now owns 2,537,576 shares of the company’s stock valued at $570,980,000 after acquiring an additional 1,664,112 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Anthem by 0.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,393,810 shares of the company’s stock valued at $454,537,000 after acquiring an additional 12,975 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Anthem by 4.3% in the fourth quarter. OppenheimerFunds Inc. now owns 2,163,579 shares of the company’s stock valued at $486,826,000 after acquiring an additional 88,627 shares during the period. 88.33% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on ANTM shares. B. Riley reissued a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Credit Suisse Group restated an “outperform” rating and set a $280.00 price target (up previously from $255.00) on shares of Anthem in a research note on Thursday, February 1st. ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Bank of America upped their price target on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Anthem presently has an average rating of “Buy” and a consensus price target of $233.25.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The firm had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. Anthem’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 earnings per share. equities analysts expect that Anthem Inc will post 15.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.75 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. This represents a $3.00 annualized dividend and a yield of 1.30%. Anthem’s dividend payout ratio is presently 20.89%.
Anthem declared that its board has initiated a stock buyback program on Thursday, December 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other Anthem news, SVP Ronald W. Penczek sold 1,966 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $231.90, for a total value of $455,915.40. Following the completion of the transaction, the senior vice president now owns 2,132 shares in the company, valued at $494,410.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the transaction, the executive vice president now owns 30,667 shares of the company’s stock, valued at approximately $7,043,596.56. The disclosure for this sale can be found here. Insiders sold 200,720 shares of company stock valued at $47,512,932 in the last quarter. 0.36% of the stock is currently owned by company insiders.
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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).
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.