Billionaire Andreas Halvorsen’s Viking Global Portfolio: 5 New Stock Picks

In this article, we discuss 5 new stock picks of billionaire Andreas Halvorsen’s Viking Global. If you want to see more stocks in this selection, click Billionaire Andreas Halvorsen’s Viking Global Portfolio: 10 New Stock Picks. 

5. Anthem, Inc. (NYSE:ANTM)

Number of Hedge Fund Holders: 69

Anthem, Inc. (NYSE:ANTM) operates as a health benefits company in the United States. It operates through four segments – Commercial & Specialty Business, Government Business, IngenioRx, and Other. Securities filings for Q1 2022 reveal that Andreas Halvorsen’s Viking Global acquired 140,895 shares of Anthem, Inc. (NYSE:ANTM), worth $69.2 million. 

On April 20, Anthem, Inc. (NYSE:ANTM) declared a $1.28 per share quarterly dividend, in line with previous. The dividend is payable on June 24, to shareholders of record on June 10. The company also posted a Q1 EPS of $8.25 and a revenue of $37.89 billion, outperforming Street forecasts by $0.42 and $582.73 million, respectively. 

Bernstein analyst Lance Wilkes on May 27 resumed coverage of Anthem, Inc. (NYSE:ANTM) with an Outperform rating and a price target of $596, up from $577, saying he is positive on the Healthcare Services group and sees it positioned to perform well in an inflationary backdrop. For Anthem, Inc. (NYSE:ANTM), the analyst cited strategic growth due to its market leading position in his Medicare Advantage and Individual coverage.

Among the hedge funds tracked by Insider Monkey, Anthem, Inc. (NYSE:ANTM) was part of 69 public stock portfolios at the end of Q1 2022, up from 63 funds in the earlier quarter. Boykin Curry’s Eagle Capital Management is the largest shareholder of the company, with 2.3 million shares worth $1.16 billion. 

Here is what ClearBridge Investments Large Cap Value Strategy has to say about Anthem, Inc. (NYSE:ANTM) in its Q4 2021 investor letter:

“The quarter also saw strong showings from Anthem; has been operating well and is a key player in the evolution of health care insurance and delivery, providing more integrated and cost-effective solutions and receiving a tailwind from an aging population. The company tends to be volatile based on changes in medical loss ratios (MLR), though we view this volatility as a short term for business models that are able to reprice policies relatively quickly. We added significantly to the position during the year.”