Canada Pension Plan Investment Board boosted its stake in shares of Anthem, Inc. (NYSE:ANTM) by 64.3% during the second quarter, Holdings Channel reports. The institutional investor owned 260,090 shares of the company’s stock after buying an additional 101,764 shares during the period. Canada Pension Plan Investment Board’s holdings in Anthem were worth $48,931,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. boosted its position in shares of Anthem by 16.2% in the first quarter. Raymond James Trust N.A. now owns 3,457 shares of the company’s stock valued at $572,000 after buying an additional 482 shares during the last quarter. Highland Capital Management LLC bought a new position in shares of Anthem during the first quarter valued at $324,000. CrestPoint Capital Management LLC boosted its position in shares of Anthem by 14.0% in the first quarter. CrestPoint Capital Management LLC now owns 9,800 shares of the company’s stock valued at $1,621,000 after buying an additional 1,200 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Anthem by 3.1% in the first quarter. Capstone Asset Management Co. now owns 31,792 shares of the company’s stock valued at $5,258,000 after buying an additional 951 shares during the last quarter. Finally, TNB Financial bought a new position in shares of Anthem during the first quarter valued at $382,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Anthem, Inc. (ANTM) opened at 189.72 on Friday. The stock’s 50 day moving average price is $189.94 and its 200-day moving average price is $175.77. The company has a market cap of $49.82 billion, a PE ratio of 17.94 and a beta of 0.73. Anthem, Inc. has a one year low of $114.85 and a one year high of $194.94.

Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. During the same period in the prior year, the firm earned $3.33 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that Anthem, Inc. will post $11.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a dividend of $0.70 per share. This is an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio is currently 24.62%.

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Several equities analysts have recently weighed in on the company. Cantor Fitzgerald restated a “buy” rating and issued a $136.00 price objective on shares of Anthem in a report on Thursday, May 11th. Morgan Stanley assumed coverage on Anthem in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective for the company. Bank of America Corporation raised their price objective on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 14th. Deutsche Bank AG raised their price objective on Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 13th. Finally, Citigroup Inc. restated a “buy” rating and issued a $205.00 price objective on shares of Anthem in a report on Wednesday, June 28th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $180.00.

In other news, Director Ramiro G. Peru sold 2,681 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total transaction of $486,815.98. Following the completion of the transaction, the director now directly owns 13,571 shares of the company’s stock, valued at approximately $2,464,222.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ronald W. Penczek sold 867 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total transaction of $162,527.82. Following the transaction, the senior vice president now directly owns 1,872 shares of the company’s stock, valued at $350,925.12. The disclosure for this sale can be found here. Insiders have sold a total of 4,103 shares of company stock valued at $749,555 over the last three months. Insiders own 0.36% of the company’s stock.

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.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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