Employers Holdings Inc. purchased a new stake in shares of Anthem Inc (NYSE:ANTM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,500 shares of the company’s stock, valued at approximately $2,399,000. Anthem accounts for 1.3% of Employers Holdings Inc.’s investment portfolio, making the stock its 16th largest holding.
A number of other large investors have also made changes to their positions in the stock. NuWave Investment Management LLC increased its stake in shares of Anthem by 46.3% in the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares in the last quarter. Sonora Investment Management LLC increased its holdings in Anthem by 38.0% during the second quarter. Sonora Investment Management LLC now owns 138 shares of the company’s stock valued at $39,000 after buying an additional 38 shares during the period. Convergence Investment Partners LLC boosted its stake in Anthem by 4.2% in the second quarter. Convergence Investment Partners LLC now owns 943 shares of the company’s stock valued at $266,000 after acquiring an additional 38 shares in the last quarter. Brighton Jones LLC boosted its stake in Anthem by 3.7% in the first quarter. Brighton Jones LLC now owns 1,082 shares of the company’s stock valued at $311,000 after acquiring an additional 39 shares in the last quarter. Finally, Wright Investors Service Inc. lifted its stake in shares of Anthem by 0.4% during the second quarter. Wright Investors Service Inc. now owns 10,050 shares of the company’s stock worth $2,836,000 after buying an additional 41 shares during the period. Institutional investors own 87.53% of the company’s stock.
A number of research firms recently issued reports on ANTM. SunTrust Banks decreased their target price on shares of Anthem to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Cantor Fitzgerald restated a “buy” rating and set a $360.00 target price on shares of Anthem in a research report on Sunday, April 21st. Morgan Stanley boosted their target price on shares of Anthem from $359.00 to $371.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Citigroup upgraded shares of Anthem from a “neutral” rating to a “buy” rating and set a $325.00 target price for the company in a research report on Friday, May 10th. Finally, Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $293.00 target price for the company in a research report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $325.67.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $0.03. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The company had revenue of $25.20 billion during the quarter, compared to analysts’ expectations of $24.88 billion. During the same quarter in the previous year, the company earned $4.25 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, analysts predict that Anthem Inc will post 19.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.20 dividend on an annualized basis and a yield of 1.16%. Anthem’s payout ratio is 20.14%.
In other news, SVP Ronald W. Penczek sold 763 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $279.00, for a total transaction of $212,877.00. Following the completion of the sale, the senior vice president now owns 2,295 shares of the company’s stock, valued at $640,305. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas C. Zielinski sold 8,826 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $283.92, for a total transaction of $2,505,877.92. Following the sale, the executive vice president now directly owns 33,183 shares of the company’s stock, valued at approximately $9,421,317.36. The disclosure for this sale can be found here. Insiders sold 11,765 shares of company stock valued at $3,327,092 in the last ninety days. 0.17% of the stock is owned by corporate insiders.
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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