Principal Financial Group Inc. Cuts Stake in Anthem Inc (ANTM)

Principal Financial Group Inc. cut its position in Anthem Inc (NYSE:ANTM) by 31.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 385,076 shares of the company’s stock after selling 177,628 shares during the period. Principal Financial Group Inc. owned approximately 0.15% of Anthem worth $101,133,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC acquired a new stake in Anthem during the fourth quarter worth about $28,000. Laurel Wealth Advisors LLC acquired a new stake in Anthem during the fourth quarter worth about $36,000. Athena Capital Advisors LLC acquired a new stake in Anthem during the fourth quarter worth about $39,000. Semmax Financial Advisors Inc. acquired a new stake in Anthem during the fourth quarter worth about $42,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Anthem during the fourth quarter worth about $49,000. 87.81% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Gloria M. Mccarthy sold 7,701 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $303.73, for a total value of $2,339,024.73. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julie A. Hill sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $299.75, for a total value of $149,875.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,601 shares of company stock worth $7,631,276. Company insiders own 0.31% of the company’s stock.

Several analysts recently commented on the company. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $333.00 target price on the stock in a report on Friday, February 1st. Barclays set a $338.00 price objective on Anthem and gave the company a “buy” rating in a report on Friday, March 8th. Credit Suisse Group raised their price objective on Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Stephens raised their price objective on Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, January 31st. Finally, ValuEngine lowered Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Anthem presently has an average rating of “Buy” and a consensus price target of $332.07.

NYSE ANTM opened at $303.01 on Thursday. The company has a market capitalization of $79.16 billion, a PE ratio of 19.07, a PEG ratio of 1.10 and a beta of 0.93. Anthem Inc has a 1-year low of $215.52 and a 1-year high of $317.99. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.60.

Anthem (NYSE:ANTM) last released its earnings results on Wednesday, January 30th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.24. The business had revenue of $23.30 billion for the quarter, compared to the consensus estimate of $23.27 billion. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share. On average, research analysts predict that Anthem Inc will post 19.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 18th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, March 15th. This is an increase from Anthem’s previous quarterly dividend of $0.75. Anthem’s dividend payout ratio (DPR) is 20.14%.

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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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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