California Public Employees Retirement System Acquires 21,490 Shares of Anthem, Inc. (ANTM)
California Public Employees Retirement System boosted its position in shares of Anthem, Inc. (NYSE:ANTM) by 3.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 704,799 shares of the company’s stock after buying an additional 21,490 shares during the quarter. California Public Employees Retirement System owned approximately 0.27% of Anthem worth $133,827,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of ANTM. Pioneer Investment Management Inc. bought a new stake in Anthem during the 2nd quarter valued at $5,132,000. Global X Management Co. LLC raised its holdings in Anthem by 36.3% in the 2nd quarter. Global X Management Co. LLC now owns 6,085 shares of the company’s stock worth $1,145,000 after purchasing an additional 1,619 shares in the last quarter. Trexquant Investment LP bought a new position in Anthem in the 2nd quarter worth $245,000. First Trust Advisors LP raised its holdings in Anthem by 4.8% in the 2nd quarter. First Trust Advisors LP now owns 238,540 shares of the company’s stock worth $44,877,000 after purchasing an additional 10,864 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Anthem by 3.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 88,923 shares of the company’s stock worth $16,729,000 after purchasing an additional 3,235 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.
In related news, Chairman Joseph Swedish sold 21,125 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the sale, the chairman now directly owns 87,668 shares of the company’s stock, valued at approximately $20,289,005.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie A. Hill sold 1,602 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total transaction of $345,551.40. Following the sale, the director now directly owns 35,322 shares in the company, valued at $7,618,955.40. The disclosure for this sale can be found here. Insiders sold a total of 65,955 shares of company stock worth $13,907,287 over the last ninety days. Insiders own 0.36% of the company’s stock.
Several research analysts have commented on ANTM shares. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Morgan Stanley upped their price objective on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Bank of America upped their price objective on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Jefferies Group upped their price objective on shares of Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Finally, Credit Suisse Group started coverage on shares of Anthem in a report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $201.07.
Shares of Anthem, Inc. (ANTM) opened at $224.85 on Monday. The firm has a market cap of $57,732.60, a PE ratio of 18.05, a PEG ratio of 1.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. Anthem, Inc. has a 1 year low of $140.50 and a 1 year high of $236.39.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.40 by $0.25. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 EPS. research analysts anticipate that Anthem, Inc. will post 11.97 earnings per share for the current fiscal year.
Anthem announced that its Board of Directors has approved a stock buyback plan on Thursday, December 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio is presently 25.32%.
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.
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