Sio Capital Management LLC boosted its stake in Anthem Inc (NYSE:ANTM) by 17.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 52,387 shares of the company’s stock after acquiring an additional 7,941 shares during the quarter. Anthem accounts for about 6.9% of Sio Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Sio Capital Management LLC’s holdings in Anthem were worth $11,509,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in ANTM. Viking Global Investors LP grew its stake in Anthem by 190.5% in the 4th quarter. Viking Global Investors LP now owns 2,537,576 shares of the company’s stock valued at $570,980,000 after acquiring an additional 1,664,112 shares during the period. CI Global Investments Inc. acquired a new stake in Anthem in the 1st quarter valued at $170,362,000. Allianz Asset Management GmbH boosted its stake in Anthem by 66.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,603,619 shares of the company’s stock worth $360,830,000 after purchasing an additional 637,439 shares during the last quarter. Farallon Capital Management LLC boosted its stake in Anthem by 291.9% during the 4th quarter. Farallon Capital Management LLC now owns 823,000 shares of the company’s stock worth $185,183,000 after purchasing an additional 613,000 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Anthem by 2.7% during the 1st quarter. BlackRock Inc. now owns 22,596,529 shares of the company’s stock worth $4,964,457,000 after purchasing an additional 596,099 shares during the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.
ANTM has been the topic of several recent research reports. JPMorgan Chase & Co. raised shares of Anthem from a “neutral” rating to an “overweight” rating in a research note on Thursday, April 26th. Barclays initiated coverage on shares of Anthem in a research note on Thursday, March 8th. They set an “overweight” rating and a $270.00 target price on the stock. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $252.00 target price on the stock in a research note on Monday, April 9th. Morgan Stanley lifted their target price on shares of Anthem from $266.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 26th. Finally, Credit Suisse Group lifted their target price on shares of Anthem from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, April 26th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $254.08.
In related news, Director Robert L. Dixon, Jr. sold 1,000 shares of the business’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $231.10, for a total value of $231,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian T. Griffin sold 59,421 shares of the business’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $224.41, for a total transaction of $13,334,666.61. Following the completion of the sale, the chief executive officer now owns 25,619 shares in the company, valued at $5,749,159.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,421 shares of company stock worth $13,798,767. 0.31% of the stock is owned by insiders.
NYSE ANTM opened at $238.03 on Friday. Anthem Inc has a 52 week low of $179.40 and a 52 week high of $267.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $61.06 billion, a PE ratio of 19.77, a P/E/G ratio of 1.33 and a beta of 0.84.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, April 25th. The company reported $5.41 EPS for the quarter, topping the consensus estimate of $4.83 by $0.58. Anthem had a return on equity of 12.77% and a net margin of 4.60%. The business had revenue of $22.34 billion for the quarter, compared to analyst estimates of $22.55 billion. During the same quarter in the previous year, the firm earned $4.68 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. sell-side analysts expect that Anthem Inc will post 15.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 25th. Investors of record on Friday, June 8th were issued a $0.75 dividend. The ex-dividend date was Thursday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.26%. Anthem’s dividend payout ratio (DPR) is currently 24.92%.
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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