Lazard Asset Management LLC Trims Position in Anthem Inc (NYSE:ANTM)

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Lazard Asset Management LLC cut its position in shares of Anthem Inc (NYSE:ANTM) by 33.7% in the 1st quarter, Holdings Channel reports. The firm owned 122,408 shares of the company’s stock after selling 62,331 shares during the period. Lazard Asset Management LLC’s holdings in Anthem were worth $35,127,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its holdings in shares of Anthem by 24,845.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 27,122,063 shares of the company’s stock worth $103,000 after acquiring an additional 27,013,337 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Anthem by 2.9% in the third quarter. Vanguard Group Inc now owns 18,729,474 shares of the company’s stock worth $5,132,811,000 after acquiring an additional 532,579 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Anthem by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 3,387,625 shares of the company’s stock valued at $888,145,000 after purchasing an additional 273,738 shares during the period. Northern Trust Corp grew its position in shares of Anthem by 1.9% in the first quarter. Northern Trust Corp now owns 3,122,110 shares of the company’s stock valued at $895,982,000 after purchasing an additional 57,447 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Anthem by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,955,527 shares of the company’s stock valued at $776,161,000 after purchasing an additional 13,088 shares during the period. 87.14% of the stock is owned by hedge funds and other institutional investors.

NYSE ANTM traded down $2.48 on Wednesday, hitting $280.97. 734,730 shares of the stock traded hands, compared to its average volume of 1,886,210. Anthem Inc has a twelve month low of $226.23 and a twelve month high of $317.99. The stock has a market capitalization of $72.84 billion, a P/E ratio of 17.68, a PEG ratio of 0.98 and a beta of 0.73. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58.

Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $6.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.86 by $0.17. Anthem had a return on equity of 14.99% and a net margin of 4.23%. The firm had revenue of $24.39 billion for the quarter, compared to analysts’ expectations of $24.31 billion. During the same quarter in the prior year, the firm posted $5.41 earnings per share. Anthem’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts anticipate that Anthem Inc will post 19.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, June 7th. Anthem’s payout ratio is currently 20.14%.

A number of equities research analysts have issued reports on the company. SunTrust Banks lowered their price target on Anthem to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Barclays boosted their price target on Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. UBS Group assumed coverage on Anthem in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $294.00 target price for the company. Morgan Stanley decreased their target price on Anthem from $391.00 to $359.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Finally, Citigroup raised Anthem from a “neutral” rating to a “buy” rating and set a $325.00 target price for the company in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Anthem has a consensus rating of “Buy” and a consensus target price of $324.87.

In other news, SVP Ronald W. Penczek sold 763 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $279.00, for a total transaction of $212,877.00. Following the sale, the senior vice president now directly owns 2,295 shares in the company, valued at approximately $640,305. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ramiro G. Peru sold 1,656 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $275.00, for a total value of $455,400.00. Following the sale, the director now owns 11,173 shares in the company, valued at $3,072,575. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

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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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