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.
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.
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem, Inc. (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 MarketBeat.com's FREE daily email newsletter.