Tokio Marine Asset Management Co. Ltd. grew its position in shares of Anthem Inc (NYSE:ANTM) by 86.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,640 shares of the company’s stock after purchasing an additional 2,609 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Anthem were worth $1,619,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Security National Trust Co. increased its holdings in shares of Anthem by 58.0% during the 1st quarter. Security National Trust Co. now owns 790 shares of the company’s stock valued at $226,000 after purchasing an additional 290 shares in the last quarter. AMG National Trust Bank grew its stake in Anthem by 4.3% in the 1st quarter. AMG National Trust Bank now owns 5,627 shares of the company’s stock valued at $1,614,000 after acquiring an additional 234 shares during the period. NewSquare Capital LLC grew its stake in Anthem by 5.3% in the 1st quarter. NewSquare Capital LLC now owns 985 shares of the company’s stock valued at $283,000 after acquiring an additional 50 shares during the period. Virginia Retirement Systems ET AL grew its stake in Anthem by 32.7% in the 1st quarter. Virginia Retirement Systems ET AL now owns 196,200 shares of the company’s stock valued at $56,305,000 after acquiring an additional 48,400 shares during the period. Finally, Insight Wealth Strategies LLC grew its stake in Anthem by 3.3% in the 1st quarter. Insight Wealth Strategies LLC now owns 3,573 shares of the company’s stock valued at $1,026,000 after acquiring an additional 114 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on ANTM. Barclays lifted their price target on shares of Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $333.00 target price on the stock in a research note on Friday, February 1st. Morgan Stanley lowered their target price on shares of Anthem from $391.00 to $359.00 and set an “overweight” rating on the stock in a research note on Thursday. Cantor Fitzgerald reaffirmed a “buy” rating and set a $360.00 target price on shares of Anthem in a research note on Sunday, April 21st. Finally, SunTrust Banks lowered their target price on shares of Anthem to $300.00 and set a “hold” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $325.75.
Shares of ANTM stock traded up $7.48 on Friday, hitting $263.39. 837,195 shares of the stock traded hands, compared to its average volume of 1,956,703. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.60. The stock has a market cap of $64.48 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.89 and a beta of 0.92. Anthem Inc has a twelve month low of $219.96 and a twelve month high of $317.99.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.86 by $0.17. The firm had revenue of $24.39 billion for the quarter, compared to analysts’ expectations of $24.31 billion. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.41 EPS. As a group, equities research analysts predict that Anthem Inc will post 19.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.20 annualized dividend and a dividend yield of 1.21%. Anthem’s payout ratio is 20.14%.
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Anthem Company Profile
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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