Cetera Investment Advisers reduced its holdings in Anthem Inc (NYSE:ANTM) by 13.0% during the 1st quarter, Holdings Channel reports. The fund owned 998 shares of the company’s stock after selling 149 shares during the period. Cetera Investment Advisers’ holdings in Anthem were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in ANTM. Oregon Public Employees Retirement Fund boosted its holdings in shares of Anthem by 24,845.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,122,063 shares of the company’s stock valued at $103,000 after acquiring an additional 27,013,337 shares during the last quarter. Norges Bank purchased a new stake in shares of Anthem in the 4th quarter valued at $667,351,000. CI Investments Inc. boosted its holdings in shares of Anthem by 373.8% in the 4th quarter. CI Investments Inc. now owns 1,241,273 shares of the company’s stock valued at $325,995,000 after acquiring an additional 979,273 shares during the last quarter. Investec Asset Management LTD purchased a new stake in shares of Anthem in the 4th quarter valued at $219,306,000. Finally, Vanguard Group Inc boosted its holdings in shares of Anthem by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 18,729,474 shares of the company’s stock valued at $5,132,811,000 after acquiring an additional 532,579 shares during the last quarter. 88.88% of the stock is currently owned by institutional investors and hedge funds.
ANTM opened at $263.82 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. Anthem Inc has a 1 year low of $220.80 and a 1 year high of $317.99. The firm has a market capitalization of $66.52 billion, a P/E ratio of 15.65, a PEG ratio of 0.91 and a beta of 0.85.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 10th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, June 7th. Anthem’s dividend payout ratio is currently 20.14%.
In related news, EVP Gloria M. Mccarthy sold 7,701 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $303.73, for a total value of $2,339,024.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.17% of the company’s stock.
Several research firms have recently commented on ANTM. SunTrust Banks dropped their price objective on shares of Anthem to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Morgan Stanley dropped their price objective on shares of Anthem from $391.00 to $359.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $293.00 price objective on the stock in a report on Thursday. Citigroup raised shares of Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price objective on the stock in a report on Friday, May 10th. Finally, ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $324.87.
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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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