JPMorgan Chase & Co. lessened its holdings in Anthem Inc (NYSE:ANTM) by 25.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,757,201 shares of the company’s stock after selling 596,006 shares during the period. JPMorgan Chase & Co. owned about 0.69% of Anthem worth $386,057,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of ANTM. Morningstar Investment Services LLC purchased a new stake in shares of Anthem during the first quarter worth $15,753,000. Natixis Advisors L.P. raised its holdings in shares of Anthem by 1.4% during the first quarter. Natixis Advisors L.P. now owns 113,576 shares of the company’s stock worth $24,953,000 after acquiring an additional 1,570 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Anthem by 36.4% during the first quarter. Toronto Dominion Bank now owns 159,569 shares of the company’s stock worth $35,049,000 after acquiring an additional 42,624 shares in the last quarter. Matarin Capital Management LLC purchased a new stake in shares of Anthem during the first quarter worth $4,571,000. Finally, Hosking Partners LLP raised its holdings in shares of Anthem by 4.6% during the first quarter. Hosking Partners LLP now owns 125,104 shares of the company’s stock worth $27,485,000 after acquiring an additional 5,486 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on ANTM shares. ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group reiterated an “outperform” rating and set a $280.00 price objective (up from $255.00) on shares of Anthem in a report on Thursday, February 1st. Barclays started coverage on Anthem in a report on Thursday, March 8th. They set an “overweight” rating and a $270.00 price objective for the company. JPMorgan Chase & Co. upgraded Anthem from a “neutral” rating to an “overweight” rating in a report on Thursday, April 26th. Finally, Zacks Investment Research upgraded 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. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $249.00.
In other news, CEO Brian T. Griffin sold 59,421 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $224.41, for a total value of $13,334,666.61. Following the sale, the chief executive officer now directly owns 25,619 shares of the company’s stock, valued at $5,749,159.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Ronald W. Penczek sold 1,966 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $231.90, for a total value of $455,915.40. Following the completion of the sale, the senior vice president now directly owns 2,132 shares in the company, valued at $494,410.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,264 shares of company stock worth $30,794,160. Corporate insiders own 0.31% of the company’s stock.
NYSE ANTM opened at $232.39 on Friday. Anthem Inc has a fifty-two week low of $179.40 and a fifty-two week high of $267.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market cap of $59.31 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.29 and a beta of 0.87.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, April 25th. The company reported $5.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.83 by $0.58. Anthem had a return on equity of 12.77% and a net margin of 4.60%. The company had revenue of $22.34 billion for the quarter, compared to analyst estimates of $22.55 billion. During the same period last year, the company earned $4.68 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. analysts anticipate that Anthem Inc will post 15.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Friday, June 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.29%. Anthem’s dividend payout ratio (DPR) is currently 24.92%.
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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