Nissay Asset Management Corp Japan ADV lessened its stake in shares of Anthem Inc (NYSE:ANTM) by 4.6% during the first quarter, Holdings Channel reports. The institutional investor owned 31,600 shares of the company’s stock after selling 1,521 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Anthem were worth $9,069,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Prime Capital Investment Advisors LLC acquired a new position in Anthem in the fourth quarter valued at $28,000. Destination Wealth Management acquired a new position in Anthem in the first quarter valued at $31,000. Lee Financial Co acquired a new position in Anthem in the first quarter valued at $32,000. Laurel Wealth Advisors LLC acquired a new position in Anthem in the fourth quarter valued at $36,000. Finally, Liberty Wealth Management LLC acquired a new position in Anthem in the first quarter valued at $36,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.
In other Anthem news, EVP Gloria M. Mccarthy sold 7,701 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $303.73, for a total value of $2,339,024.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $6.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.86 by $0.17. Anthem had a net margin of 4.23% and a return on equity of 14.99%. The business had revenue of $24.39 billion during the quarter, compared to the consensus estimate of $24.31 billion. During the same period in the prior year, the firm posted $5.41 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts forecast that Anthem Inc will post 19.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, June 7th. Anthem’s payout ratio is 20.14%.
Several equities analysts recently issued reports on the stock. Argus assumed coverage on shares of Anthem in a report on Thursday, January 24th. They issued a “buy” rating and a $333.00 target price on the stock. Barclays set a $338.00 price objective on shares of Anthem and gave the company a “buy” rating in a report on Friday, March 8th. SunTrust Banks decreased their target price on shares of Anthem to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Stephens started coverage on shares of Anthem in a research report on Monday, January 14th. They set an “overweight” rating and a $310.00 target price for the company. Finally, Morgan Stanley reissued an “overweight” rating and set a $391.00 target price (up from $372.00) on shares of Anthem in a research report on Thursday, January 31st. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $327.53.
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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