Southpoint Capital Advisors LP trimmed its stake in shares of Anthem, Inc. (NYSE:ANTM) by 16.7% in the first quarter, Holdings Channel.com reports. The firm owned 500,000 shares of the company’s stock after selling 100,000 shares during the quarter. Anthem comprises approximately 3.0% of Southpoint Capital Advisors LP’s investment portfolio, making the stock its 10th biggest position. Southpoint Capital Advisors LP’s holdings in Anthem were worth $179,475,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in ANTM. Norges Bank acquired a new position in Anthem during the 4th quarter worth approximately $866,682,000. Artisan Partners Limited Partnership grew its holdings in Anthem by 39.7% during the 1st quarter. Artisan Partners Limited Partnership now owns 3,362,687 shares of the company’s stock worth $1,207,037,000 after acquiring an additional 956,173 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Anthem by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,686,564 shares of the company’s stock worth $4,553,842,000 after acquiring an additional 715,968 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Anthem by 27.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,526,510 shares of the company’s stock worth $811,237,000 after acquiring an additional 541,603 shares during the last quarter. Finally, EdgePoint Investment Group Inc. bought a new stake in Anthem during the 1st quarter worth approximately $187,713,000. Institutional investors and hedge funds own 88.45% of the company’s stock.
A number of equities research analysts have weighed in on ANTM shares. Mizuho boosted their target price on shares of Anthem from $380.00 to $385.00 and gave the stock a “neutral” rating in a report on Thursday. They noted that the move was a valuation call. BMO Capital Markets upped their price objective on shares of Anthem from $450.00 to $465.00 and gave the company an “outperform” rating in a research note on Thursday. Zacks Investment Research lowered shares of Anthem from a “hold” rating to a “sell” rating and set a $379.00 target price on the stock. in a research note on Thursday, March 25th. Seaport Global Securities initiated coverage on shares of Anthem in a research note on Friday, July 9th. They set a “buy” rating and a $430.00 target price on the stock. Finally, Royal Bank of Canada increased their target price on shares of Anthem from $399.00 to $408.00 and gave the stock a “sector perform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $415.67.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Tuesday, July 20th. The company reported $7.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.34 by $0.69. Anthem had a net margin of 3.78% and a return on equity of 17.10%. The business had revenue of $33.28 billion during the quarter, compared to the consensus estimate of $33.22 billion. During the same quarter last year, the company posted $9.20 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities analysts predict that Anthem, Inc. will post 25.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Investors of record on Friday, September 10th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $4.52 dividend on an annualized basis and a yield of 1.18%. Anthem’s dividend payout ratio (DPR) is presently 20.11%.
In other news, CFO John E. Gallina sold 46,444 shares of the firm’s stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $394.89, for a total value of $18,340,271.16. Following the completion of the transaction, the chief financial officer now directly owns 60,095 shares in the company, valued at $23,730,914.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ramiro G. Peru sold 1,308 shares of the firm’s stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $398.02, for a total transaction of $520,610.16. Following the completion of the transaction, the director now owns 9,462 shares of the company’s stock, valued at $3,766,065.24. The disclosure for this sale can be found here. Insiders have sold 49,060 shares of company stock valued at $19,376,233 in the last 90 days. 0.28% of the stock is currently owned by corporate insiders.
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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