Artisan Partners Limited Partnership boosted its position in Anthem Inc (NYSE:ANTM) by 27.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,275,426 shares of the company’s stock after buying an additional 275,393 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.50% of Anthem worth $280,211,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Calton & Associates Inc. bought a new stake in Anthem in the 4th quarter valued at $100,000. Reilly Financial Advisors LLC boosted its holdings in Anthem by 144.9% in the 1st quarter. Reilly Financial Advisors LLC now owns 556 shares of the company’s stock valued at $122,000 after purchasing an additional 329 shares during the period. Icon Wealth Partners LLC bought a new stake in Anthem in the 4th quarter valued at $126,000. ClariVest Asset Management LLC boosted its holdings in Anthem by 884.4% in the 1st quarter. ClariVest Asset Management LLC now owns 630 shares of the company’s stock valued at $139,000 after purchasing an additional 566 shares during the period. Finally, Smart Portfolios LLC bought a new stake in Anthem in the 1st quarter valued at $161,000. 87.71% of the stock is owned by hedge funds and other institutional investors.
Shares of Anthem opened at $233.93 on Wednesday, Marketbeat.com reports. Anthem Inc has a 12-month low of $175.66 and a 12-month high of $267.95. The stock has a market cap of $59.17 billion, a P/E ratio of 19.43, a PEG ratio of 1.29 and a beta of 0.87. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.67.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, April 25th. The company reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.58. Anthem had a net margin of 4.60% and a return on equity of 12.77%. The firm had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $22.55 billion. During the same period last year, the firm posted $4.68 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. equities research analysts expect that Anthem Inc will post 15.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, June 7th. Anthem’s dividend payout ratio is currently 24.92%.
ANTM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $252.00 price objective for the company in a report on Monday, April 9th. Barclays initiated coverage on shares of Anthem in a report on Thursday, March 8th. They set an “overweight” rating and a $270.00 price objective for the company. JPMorgan Chase raised shares of Anthem from a “neutral” rating to an “overweight” rating in a report on Thursday, April 26th. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Morgan Stanley raised their price objective on shares of Anthem from $247.00 to $266.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $249.00.
In other Anthem news, insider Joseph Swedish sold 27,846 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $231.12, for a total value of $6,435,767.52. Following the completion of the sale, the insider now owns 84,545 shares in the company, valued at approximately $19,540,040.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John E. Gallina sold 24,576 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $229.81, for a total transaction of $5,647,810.56. Following the completion of the sale, the chief financial officer now owns 22,139 shares of the company’s stock, valued at approximately $5,087,763.59. The disclosure for this sale can be found here. Insiders have sold a total of 135,264 shares of company stock valued at $30,794,160 over the last three months. 0.31% of the stock is currently owned by insiders.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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