Neuberger Berman Group LLC Sells 60,688 Shares of Anthem, Inc. (ANTM)
Neuberger Berman Group LLC reduced its position in shares of Anthem, Inc. (NYSE:ANTM) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,053 shares of the company’s stock after selling 60,688 shares during the period. Neuberger Berman Group LLC owned about 0.15% of Anthem worth $73,684,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System increased its stake in shares of Anthem by 3.1% in the third quarter. California Public Employees Retirement System now owns 704,799 shares of the company’s stock worth $133,827,000 after buying an additional 21,490 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Anthem by 4.0% in the third quarter. Janney Montgomery Scott LLC now owns 14,395 shares of the company’s stock worth $2,733,000 after buying an additional 560 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Anthem in the third quarter worth $825,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Anthem by 15.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock worth $1,561,000 after buying an additional 1,109 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Anthem by 9.3% in the third quarter. Cubist Systematic Strategies LLC now owns 5,117 shares of the company’s stock worth $972,000 after buying an additional 435 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on ANTM shares. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their price target on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Bank of America boosted their target price on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, Jefferies Group boosted their target price on shares of Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Anthem currently has a consensus rating of “Buy” and a consensus target price of $201.07.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.25. The firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 earnings per share. equities research analysts forecast that Anthem, Inc. will post 11.97 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.24%. Anthem’s dividend payout ratio is currently 25.32%.
Anthem declared that its board has approved a stock repurchase program on Thursday, December 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
In other news, Director Julie A. Hill sold 1,602 shares of the company’s 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 completion of the transaction, the director now owns 35,322 shares in the company, valued at $7,618,955.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joseph Swedish sold 21,125 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the transaction, the chairman now owns 87,668 shares of the company’s stock, valued at approximately $20,289,005.24. The disclosure for this sale can be found here. Insiders have sold 65,955 shares of company stock valued at $13,907,287 in the last 90 days. 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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