Pacer Advisors Inc. Acquires 387 Shares of Anthem, Inc. (ANTM)
Pacer Advisors Inc. grew its holdings in Anthem, Inc. (NYSE:ANTM) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,921 shares of the company’s stock after purchasing an additional 387 shares during the quarter. Pacer Advisors Inc.’s holdings in Anthem were worth $1,504,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Anthem by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after buying an additional 479,046 shares during the last quarter. Orbis Allan Gray Ltd grew its position in Anthem by 4.3% during the 2nd quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock worth $799,933,000 after purchasing an additional 176,023 shares during the last quarter. First Eagle Investment Management LLC grew its position in Anthem by 2.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 3,103,892 shares of the company’s stock worth $589,367,000 after purchasing an additional 71,119 shares during the last quarter. APG Asset Management N.V. grew its position in Anthem by 24.1% during the 3rd quarter. APG Asset Management N.V. now owns 1,925,522 shares of the company’s stock worth $365,618,000 after purchasing an additional 373,500 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Anthem by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,777,978 shares of the company’s stock worth $334,491,000 after purchasing an additional 55,597 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.
Anthem, Inc. (NYSE:ANTM) traded up $0.31 during trading hours on Tuesday, reaching $219.81. 395,445 shares of the company’s stock were exchanged, compared to its average volume of 1,587,133. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $56,720.00, a PE ratio of 17.72, a PEG ratio of 1.73 and a beta of 0.77. Anthem, Inc. has a 52 week low of $135.68 and a 52 week high of $222.24.
Anthem (NYSE:ANTM) last posted its quarterly earnings data 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 company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.45 earnings per share. equities research analysts predict that Anthem, Inc. will post 11.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.70 per share. 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 dividend payout ratio is presently 25.32%.
In other news, SVP Ronald W. Penczek sold 978 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total value of $212,636.76. Following the completion of the sale, the senior vice president now directly owns 1,222 shares in the company, valued at $265,687.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Swedish sold 21,125 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $190.63, for a total transaction of $4,027,058.75. The disclosure for this sale can be found here. Insiders have sold 65,955 shares of company stock valued at $13,179,953 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
Several research firms have weighed in on ANTM. Morgan Stanley boosted their target price on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research report on Thursday, September 14th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Cantor Fitzgerald reissued a “buy” rating and set a $220.00 target price on shares of Anthem in a research report on Wednesday, October 25th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Anthem in a report on Thursday, September 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Anthem presently has an average rating of “Buy” and a consensus target price of $199.31.
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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