Pinebridge Investments L.P. Takes $4 Million Position in Anthem Inc (NYSE:ANTM)

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Pinebridge Investments L.P. bought a new stake in Anthem Inc (NYSE:ANTM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,157 shares of the company’s stock, valued at approximately $3,996,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. NuWave Investment Management LLC boosted its position in shares of Anthem by 46.3% during the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares in the last quarter. Sonora Investment Management LLC boosted its position in shares of Anthem by 38.0% during the 2nd quarter. Sonora Investment Management LLC now owns 138 shares of the company’s stock worth $39,000 after purchasing an additional 38 shares in the last quarter. Convergence Investment Partners LLC boosted its position in shares of Anthem by 4.2% in the 2nd quarter. Convergence Investment Partners LLC now owns 943 shares of the company’s stock worth $266,000 after buying an additional 38 shares in the last quarter. Wright Investors Service Inc. boosted its position in shares of Anthem by 0.4% in the 2nd quarter. Wright Investors Service Inc. now owns 10,050 shares of the company’s stock worth $2,836,000 after buying an additional 41 shares in the last quarter. Finally, Advantage Investment Management LLC boosted its position in shares of Anthem by 10.1% in the 2nd quarter. Advantage Investment Management LLC now owns 458 shares of the company’s stock worth $129,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 89.26% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating and set a $289.00 price objective on the stock. in a research report on Monday, August 19th. Deutsche Bank assumed coverage on shares of Anthem in a research report on Thursday. They issued a “buy” rating on the stock. Morgan Stanley boosted their price objective on shares of Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Wells Fargo & Co reiterated a “buy” rating on shares of Anthem in a research report on Friday, July 26th. Finally, ValuEngine lowered shares of Anthem from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $325.40.

NYSE:ANTM traded up $4.92 on Friday, reaching $253.08. The stock had a trading volume of 1,706,539 shares, compared to its average volume of 1,449,150. The company has a market cap of $63.48 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 0.92 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.64 and a quick ratio of 1.64. The firm’s fifty day moving average is $273.51 and its two-hundred day moving average is $280.53. Anthem Inc has a 12-month low of $227.16 and a 12-month high of $317.99.

Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 24th. The company reported $4.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.61 by $0.03. The company had revenue of $25.20 billion for the quarter, compared to analyst estimates of $24.88 billion. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.25 EPS. As a group, research analysts forecast that Anthem Inc will post 19.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.20 dividend on an annualized basis and a yield of 1.26%. Anthem’s dividend payout ratio (DPR) is 20.14%.

In other Anthem news, Director Robert L. Dixon, Jr. sold 520 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $294.11, for a total value of $152,937.20. Following the transaction, the director now directly owns 9,971 shares in the company, valued at approximately $2,932,570.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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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