New Mexico Educational Retirement Board Sells 500 Shares of Anthem Inc (ANTM)

New Mexico Educational Retirement Board cut its holdings in shares of Anthem Inc (NYSE:ANTM) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,596 shares of the company’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in Anthem were worth $6,198,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ANTM. Oregon Public Employees Retirement Fund raised its holdings in shares of Anthem by 24,845.3% during the fourth 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 period. Vanguard Group Inc. raised its holdings in shares of Anthem by 2.9% during the third 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 period. Vanguard Group Inc raised its holdings in shares of Anthem by 2.9% during the third 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 period. Geode Capital Management LLC raised its holdings in shares of Anthem by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 3,387,625 shares of the company’s stock valued at $888,145,000 after acquiring an additional 273,738 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Anthem by 2.7% during the fourth quarter. Northern Trust Corp now owns 3,064,663 shares of the company’s stock valued at $804,872,000 after acquiring an additional 80,758 shares during the period. 89.09% of the stock is owned by institutional investors and hedge funds.

Shares of ANTM opened at $245.13 on Wednesday. Anthem Inc has a 12 month low of $219.96 and a 12 month high of $317.99. The firm has a market cap of $67.63 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. 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 announced its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The company had revenue of $23.30 billion for the quarter, compared to analyst estimates of $23.27 billion. During the same quarter in the prior year, the business posted $1.29 EPS. Anthem’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Anthem Inc will post 19.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.80 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.20 annualized dividend and a dividend yield of 1.31%. Anthem’s dividend payout ratio is 20.14%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $333.00 price target on the stock in a report on Friday, February 1st. Stephens upped their price objective on shares of Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, January 31st. ValuEngine lowered shares of Anthem from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Credit Suisse Group upped their price objective on shares of Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Finally, Argus initiated coverage on shares of Anthem in a research note on Thursday, January 24th. They issued a “buy” rating and a $333.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $332.07.

In related news, EVP Gloria M. Mccarthy sold 7,700 shares of the company’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $265.00, for a total transaction of $2,040,500.00. Following the completion of the sale, the executive vice president now directly owns 46,456 shares of the company’s stock, valued at approximately $12,310,840. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Julie A. Hill sold 500 shares of the company’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $299.75, for a total transaction of $149,875.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,601 shares of company stock worth $6,862,346. 0.17% of the stock is currently owned by company 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.

Further Reading: Stock Symbol

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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