Legal & General Group Plc Has $305.18 Million Position in Anthem, Inc. (ANTM)
Legal & General Group Plc increased its position in Anthem, Inc. (NYSE:ANTM) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,607,408 shares of the company’s stock after buying an additional 15,731 shares during the quarter. Legal & General Group Plc owned 0.63% of Anthem worth $305,176,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Anthem by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock valued at $3,349,603,000 after acquiring an additional 479,046 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings in Anthem by 4.3% in the second quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock valued at $799,933,000 after acquiring an additional 176,023 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Anthem by 8.7% in the third quarter. Nordea Investment Management AB now owns 4,215,569 shares of the company’s stock valued at $800,452,000 after acquiring an additional 339,111 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Anthem by 2.3% in the third quarter. First Eagle Investment Management LLC now owns 3,103,892 shares of the company’s stock valued at $589,367,000 after acquiring an additional 71,119 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in Anthem by 24.1% in the third quarter. APG Asset Management N.V. now owns 1,925,522 shares of the company’s stock valued at $365,618,000 after acquiring an additional 373,500 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.
In other Anthem news, SVP Ronald W. Penczek sold 978 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total value of $212,636.76. Following the completion of the transaction, the senior vice president now owns 1,222 shares of the company’s stock, valued at approximately $265,687.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,955 shares of company stock worth $13,179,953. 0.36% of the stock is currently owned by company insiders.
Shares of Anthem, Inc. (ANTM) opened at $220.39 on Monday. Anthem, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $222.24. The company has a market cap of $56,587.34, a price-to-earnings ratio of 17.69, a PEG ratio of 1.73 and a beta of 0.77. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business posted $2.45 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts forecast that Anthem, Inc. will post 11.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Monday, December 4th. Anthem’s payout ratio is 25.32%.
ANTM has been the topic of several recent analyst reports. BidaskClub cut shares of Anthem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley lifted their price target on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $204.00 price target on shares of Anthem in a report on Sunday, August 20th. Finally, Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $201.07.
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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