Advisory Services Network LLC cut its position in shares of Anthem Inc (NYSE:ANTM) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,959 shares of the company’s stock after selling 433 shares during the quarter. Advisory Services Network LLC’s holdings in Anthem were worth $891,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in ANTM. Calton & Associates Inc. purchased a new stake in Anthem during the 4th quarter valued at about $100,000. First Interstate Bank boosted its holdings in Anthem by 1,910.7% during the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after acquiring an additional 535 shares during the period. Bartlett & Co. LLC boosted its holdings in Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after acquiring an additional 264 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in Anthem during the 3rd quarter valued at about $154,000. Finally, E&G Advisors LP purchased a new stake in Anthem during the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.
In other news, insider Joseph Swedish sold 67,500 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $235.87, for a total value of $15,921,225.00. Following the completion of the transaction, the insider now owns 134,043 shares of the company’s stock, valued at approximately $31,616,722.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the transaction, the executive vice president now directly owns 30,667 shares of the company’s stock, valued at approximately $7,043,596.56. The disclosure for this sale can be found here. Insiders sold a total of 167,457 shares of company stock valued at $39,862,398 in the last three months. Corporate insiders own 0.36% of the company’s stock.
Shares of Anthem Inc (ANTM) opened at $235.02 on Friday. Anthem Inc has a fifty-two week low of $158.66 and a fifty-two week high of $267.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.51. The firm has a market capitalization of $60,340.00, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The firm had revenue of $22.45 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. sell-side analysts forecast that Anthem Inc will post 15.09 earnings per share for the current year.
Anthem declared that its board has authorized a share buyback plan on Thursday, December 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 annualized dividend and a dividend yield of 1.28%. This is a positive change from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio is currently 19.50%.
ANTM has been the subject of several analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $220.00 target price on shares of Anthem in a report on Wednesday, October 25th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Morgan Stanley increased their target price on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Jefferies Group restated a “hold” rating and set a $226.00 target price on shares of Anthem in a report on Thursday, October 26th. Finally, Credit Suisse Group initiated coverage on Anthem in a report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $230.80.
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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