5 Best Dividend Stocks According to Thomas Steyer’s Farallon Capital

In this article, we discuss the 5 best dividend stocks according to Thomas Steyer’s Farallon Capital. If you want to skip our detailed analysis of the hedge fund and its recent developments, go directly to read 10 Best Dividend Stocks According to Thomas Steyer’s Farallon Capital. 

5. Anthem, Inc. (NYSE:ANTM)

Number of Hedge Fund Holders: 59
Dividend Yield as of January 9: 1.04%

Anthem, Inc. (NYSE:ANTM) is an American health company that provides health insurance to 117 million consumers. On October 20, the company announced a quarterly dividend of $1.13 per share, with a dividend yield of 1.04%. Anthem, Inc. (NYSE:ANTM) has been increasing its dividend for the past 10 years consistently, reporting a 16% average annual growth.

In Q3 2021, Farallon Capital owned shares worth $318.7 million in Anthem, Inc. (NYSE:ANTM), which accounted for 1.61% of the hedge fund’s portfolio. In its third-quarter results, the company posted an EPS of $6.79, beating estimates by $0.42. Acknowledging the company’s strong fundamentals, recently, Truist lifted its price target on Anthem, Inc. (NYSE:ANTM) to $540, with a Buy rating on the shares.

At the end of Q3 2021, 59 hedge funds tracked by Insider Monkey reported owning stakes in Anthem, Inc. (NYSE:ANTM), compared with 67 in the previous quarter. These stakes hold a consolidated value of $4.5 billion. Eagle Capital Management was the company’s largest shareholder in Q3, owning over 2.5 million shares.