Teacher Retirement System of Texas lowered its stake in Anthem Inc. (NYSE:ANTM) by 6.3% during the third quarter, Holdings Channel reports. The fund owned 105,605 shares of the company’s stock after selling 7,072 shares during the period. Teacher Retirement System of Texas’ holdings in Anthem were worth $13,233,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new stake in shares of Anthem during the second quarter worth approximately $242,981,000. Nordea Investment Management AB increased its stake in shares of Anthem by 34.4% in the second quarter. Nordea Investment Management AB now owns 6,420,978 shares of the company’s stock worth $843,331,000 after buying an additional 1,642,691 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Anthem by 793.1% in the second quarter. Ameriprise Financial Inc. now owns 1,642,830 shares of the company’s stock worth $215,768,000 after buying an additional 1,458,880 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Anthem by 18.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,575,511 shares of the company’s stock worth $1,126,308,000 after buying an additional 1,306,670 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Anthem by 55.2% in the second quarter. First Eagle Investment Management LLC now owns 2,331,026 shares of the company’s stock worth $306,157,000 after buying an additional 829,542 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

Shares of Anthem Inc. (NYSE:ANTM) traded up 1.45% during mid-day trading on Tuesday, hitting $145.32. 871,916 shares of the stock traded hands. Anthem Inc. has a 52 week low of $114.85 and a 52 week high of $148.00. The company has a market cap of $38.28 billion, a price-to-earnings ratio of 17.06 and a beta of 0.57. The stock has a 50-day moving average of $128.22 and a 200-day moving average of $129.31.

Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by $0.02. The company earned $21.13 billion during the quarter, compared to the consensus estimate of $20.77 billion. Anthem had a net margin of 2.74% and a return on equity of 11.64%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $2.73 earnings per share. Analysts anticipate that Anthem Inc. will post $10.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 1st. Anthem’s dividend payout ratio (DPR) is presently 30.52%.

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A number of brokerages recently commented on ANTM. Wells Fargo & Co. upgraded shares of Anthem from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 15th. Wolfe Research upgraded shares of Anthem from a “market perform” rating to an “outperform” rating and set a $173.00 price objective for the company in a research report on Tuesday, November 22nd. Leerink Swann restated an “outperform” rating on shares of Anthem in a research report on Tuesday, August 16th. FBR & Co reiterated a “market perform” rating and set a $155.00 price target on shares of Anthem in a research report on Monday, August 15th. Finally, Zacks Investment Research upgraded shares of Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and an average price target of $158.39.

In related news, insider Joseph Swedish sold 24,513 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $131.48, for a total transaction of $3,222,969.24. Following the completion of the sale, the insider now directly owns 87,381 shares of the company’s stock, valued at $11,488,853.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ronald W. Penczek sold 820 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $138.29, for a total transaction of $113,397.80. Following the sale, the senior vice president now directly owns 1,320 shares of the company’s stock, valued at $182,542.80. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.

Anthem Company Profile

Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.

5 Day Chart for NYSE:ANTM

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