Ontario Teachers Pension Plan Board Has $12.75 Million Stake in Anthem Inc (ANTM)
Ontario Teachers Pension Plan Board lifted its stake in shares of Anthem Inc (NYSE:ANTM) by 28.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,647 shares of the company’s stock after acquiring an additional 12,640 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Anthem were worth $12,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of ANTM. Xact Kapitalforvaltning AB grew its stake in Anthem by 1.9% during the third quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock worth $8,850,000 after purchasing an additional 873 shares during the period. British Airways Pensions Investment Management Ltd grew its stake in Anthem by 9.4% during the third quarter. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company’s stock worth $36,380,000 after purchasing an additional 16,403 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in Anthem by 10.0% during the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 8,214 shares of the company’s stock worth $1,560,000 after purchasing an additional 750 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Anthem by 15.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock worth $1,561,000 after purchasing an additional 1,109 shares during the period. Finally, Laurel Wealth Advisors Inc. acquired a new stake in Anthem during the third quarter worth approximately $295,000. Institutional investors own 85.30% of the company’s stock.
Several equities research analysts recently commented on ANTM shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Bank of America raised their target price on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Morgan Stanley raised their target price on Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Finally, BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $230.80.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.04. The firm had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 earnings per share. equities research analysts expect that Anthem Inc will post 15.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.75 per share. This is a boost from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. This represents a $3.00 annualized dividend and a dividend yield of 1.28%. Anthem’s payout ratio is presently 19.50%.
Anthem declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the transaction, the executive vice president now owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph Swedish sold 67,500 shares of Anthem stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $235.87, for a total value of $15,921,225.00. Following the transaction, the insider now directly owns 134,043 shares in the company, valued at approximately $31,616,722.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,457 shares of company stock worth $39,862,398. 0.36% of the stock is owned by insiders.
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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