Skandinaviska Enskilda Banken AB publ decreased its position in shares of Anthem Inc (NYSE:ANTM) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,933 shares of the company’s stock after selling 2,746 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Anthem were worth $11,766,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Anthem during the 3rd quarter worth approximately $108,000. Legacy Advisors LLC acquired a new stake in shares of Anthem during the 3rd quarter worth approximately $113,000. JNBA Financial Advisors acquired a new stake in shares of Anthem during the 3rd quarter worth approximately $134,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Anthem during the 2nd quarter worth approximately $120,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Anthem during the 3rd quarter worth approximately $140,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:ANTM opened at $287.06 on Friday. Anthem Inc has a 1 year low of $214.95 and a 1 year high of $290.84. The company has a market cap of $74.99 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.49 and a beta of 0.86. 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 earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.11. The firm had revenue of $22.98 billion for the quarter, compared to analyst estimates of $22.85 billion. Anthem had a return on equity of 13.99% and a net margin of 4.98%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 EPS. Sell-side analysts expect that Anthem Inc will post 15.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, December 5th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $3.00 dividend on an annualized basis and a yield of 1.05%. Anthem’s payout ratio is currently 24.92%.
ANTM has been the topic of a number of analyst reports. Credit Suisse Group raised their price objective on shares of Anthem from $284.00 to $311.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 4th. Morgan Stanley increased their target price on Anthem from $368.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, November 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $275.00 target price on shares of Anthem in a research report on Thursday, October 25th. Jefferies Financial Group reiterated a “buy” rating and set a $316.00 target price on shares of Anthem in a research report on Friday, October 12th. Finally, SunTrust Banks increased their target price on Anthem to $315.00 and gave the company a “hold” rating in a research report on Thursday, November 1st. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and an average target price of $292.19.
In other Anthem news, EVP Peter D. Haytaian sold 3,500 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $265.92, for a total value of $930,720.00. Following the transaction, the executive vice president now owns 57,674 shares in the company, valued at approximately $15,336,670.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ronald W. Penczek sold 763 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $265.56, for a total value of $202,622.28. Following the completion of the transaction, the chief accounting officer now owns 1,334 shares in the company, valued at approximately $354,257.04. The disclosure for this sale can be found here. Insiders sold a total of 23,773 shares of company stock worth $6,554,741 in the last 90 days. 0.31% of the stock is currently owned by insiders.
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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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