Assenagon Asset Management S.A. purchased a new position in Anthem, Inc. (NYSE:ANTM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 535,907 shares of the company’s stock, valued at approximately $101,758,000. Anthem comprises about 0.9% of Assenagon Asset Management S.A.’s holdings, making the stock its 14th largest holding. Assenagon Asset Management S.A. owned about 0.20% of Anthem at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors bought a new stake in shares of Anthem in the second quarter worth $128,000. Salem Investment Counselors Inc. increased its stake in shares of Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after buying an additional 10 shares during the last quarter. Harding Loevner LP bought a new stake in shares of Anthem in the second quarter worth $151,000. Krilogy Financial LLC bought a new stake in shares of Anthem in the second quarter worth $160,000. Finally, Cedar Wealth Management LLC increased its stake in shares of Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 87.66% of the company’s stock.

Several analysts have weighed in on ANTM shares. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley boosted their target price on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Piper Jaffray Companies reiterated a “hold” rating and set a $202.00 target price on shares of Anthem in a research note on Wednesday, October 4th. Finally, Bank of America Corporation boosted their target price on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $191.18.

ILLEGAL ACTIVITY NOTICE: “Assenagon Asset Management S.A. Invests $101.76 Million in Anthem, Inc. (ANTM)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/assenagon-asset-management-s-a-invests-101-76-million-in-anthem-inc-antm/1647875.html.

In other news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.00, for a total value of $4,161,625.00. Following the completion of the sale, the insider now directly owns 87,668 shares in the company, valued at $17,270,596. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now owns 36,924 shares of the company’s stock, valued at $7,045,099.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,901 shares of company stock valued at $10,034,202. 0.36% of the stock is currently owned by corporate insiders.

Shares of Anthem, Inc. (NYSE:ANTM) traded up 0.77% during trading on Friday, hitting $194.69. 1,235,030 shares of the stock traded hands. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $199.23. The firm’s 50-day moving average price is $189.39 and its 200-day moving average price is $185.72. The company has a market cap of $51.12 billion, a price-to-earnings ratio of 18.41 and a beta of 0.71.

Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. During the same period in the prior year, the company posted $3.33 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that Anthem, Inc. will post $11.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This is a positive change from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.44%. Anthem’s dividend payout ratio (DPR) is 26.52%.

Anthem Company Profile

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.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

Receive News & Ratings for Anthem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.