BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Anthem Inc (NYSE:ANTM) by 29.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,900 shares of the company’s stock after selling 22,536 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Anthem were worth $15,468,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. Morgan Stanley increased its stake in Anthem by 65.9% in the third quarter. Morgan Stanley now owns 676,812 shares of the company’s stock valued at $185,481,000 after purchasing an additional 268,900 shares in the last quarter. Vanguard Group Inc boosted its holdings in Anthem by 2.9% during the third quarter. Vanguard Group Inc now owns 18,729,474 shares of the company’s stock worth $5,132,811,000 after purchasing an additional 532,579 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Anthem by 193.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,865 shares of the company’s stock worth $489,000 after purchasing an additional 1,229 shares during the last quarter. NewSquare Capital LLC purchased a new position in Anthem during the fourth quarter worth about $246,000. Finally, James Investment Research Inc. boosted its holdings in Anthem by 18.4% during the fourth quarter. James Investment Research Inc. now owns 100,524 shares of the company’s stock worth $26,401,000 after purchasing an additional 15,599 shares during the last quarter. Institutional investors and hedge funds own 88.88% of the company’s stock.
ANTM opened at $277.06 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $68.17 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 0.93 and a beta of 0.85. Anthem Inc has a twelve month low of $220.80 and a twelve month high of $317.99.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, June 7th. Anthem’s payout ratio is 20.14%.
Several research analysts recently weighed in on the stock. Argus assumed coverage on shares of Anthem in a report on Thursday, January 24th. They set a “buy” rating and a $333.00 price target on the stock. Barclays set a $338.00 price target on shares of Anthem and gave the stock a “buy” rating in a report on Friday, March 8th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $293.00 price target on the stock in a report on Thursday, May 16th. SunTrust Banks cut their price target on shares of Anthem to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Finally, Morgan Stanley restated an “overweight” rating and set a $391.00 price target (up from $372.00) on shares of Anthem in a report on Thursday, January 31st. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $324.87.
In other Anthem news, EVP Gloria M. Mccarthy sold 7,701 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by insiders.
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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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