Nordea Investment Management AB grew its stake in shares of Anthem, Inc. (NYSE:ANTM) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,215,569 shares of the company’s stock after purchasing an additional 339,111 shares during the period. Anthem makes up 1.9% of Nordea Investment Management AB’s investment portfolio, making the stock its 9th largest holding. Nordea Investment Management AB owned approximately 1.64% of Anthem worth $800,452,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Interstate Bank boosted its stake in Anthem by 1,910.7% during the third quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after acquiring an additional 535 shares in the last quarter. Captrust Financial Advisors bought a new stake in Anthem during the second quarter worth about $128,000. Salem Investment Counselors Inc. boosted its stake in Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after acquiring an additional 10 shares in the last quarter. Harding Loevner LP bought a new stake in Anthem during the second quarter worth about $151,000. Finally, Krilogy Financial LLC bought a new stake in Anthem during the second quarter worth about $160,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.
Anthem, Inc. (NYSE ANTM) opened at $220.39 on Friday. The stock has a market cap of $56,587.34, a P/E ratio of 17.69, a PEG ratio of 1.73 and a beta of 0.77. Anthem, Inc. has a 52 week low of $140.50 and a 52 week high of $222.24. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.25. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.45 earnings per share. research analysts forecast that Anthem, Inc. will post 11.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be paid a $0.70 dividend. The ex-dividend date is Monday, December 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.27%. Anthem’s dividend payout ratio is presently 25.32%.
In other news, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total transaction of $4,027,058.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julie A. Hill sold 1,602 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total transaction of $345,551.40. Following the transaction, the director now directly owns 35,322 shares of the company’s stock, valued at $7,618,955.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,955 shares of company stock worth $13,179,953. Insiders own 0.36% of the company’s stock.
Several research firms recently commented on ANTM. Cantor Fitzgerald reissued a “buy” rating and set a $215.00 price objective on shares of Anthem in a research note on Wednesday, September 20th. BMO Capital Markets began coverage on shares of Anthem in a research note on Monday, October 16th. They set a “market perform” rating on the stock. Bank of America Corporation boosted their price objective on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Jefferies Group LLC reissued a “hold” rating and set a $204.00 price objective on shares of Anthem in a research note on Sunday, August 20th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $202.00 price objective on shares of Anthem in a research note on Wednesday, October 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $201.07.
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Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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