Farallon Capital Management LLC lifted its holdings in shares of Anthem Inc (NYSE:ANTM) by 291.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 823,000 shares of the company’s stock after buying an additional 613,000 shares during the quarter. Anthem makes up approximately 1.5% of Farallon Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Farallon Capital Management LLC owned approximately 0.32% of Anthem worth $185,183,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. British Airways Pensions Investment Management Ltd raised its position in Anthem by 9.4% in the 3rd quarter. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company’s stock valued at $36,380,000 after purchasing an additional 16,403 shares in the last quarter. Creative Planning grew its stake in Anthem by 6.2% during the 4th quarter. Creative Planning now owns 17,689 shares of the company’s stock worth $3,980,000 after buying an additional 1,030 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Anthem by 15.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock worth $1,561,000 after buying an additional 1,109 shares during the last quarter. Laurel Wealth Advisors Inc. purchased a new position in Anthem during the 3rd quarter worth approximately $295,000. Finally, Wells Fargo & Company MN grew its stake in shares of Anthem by 20.2% in the 3rd quarter. Wells Fargo & Company MN now owns 845,634 shares of the company’s stock valued at $160,569,000 after purchasing an additional 142,007 shares during the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.
Anthem Inc (NYSE ANTM) traded down $1.19 during trading on Wednesday, reaching $229.03. 1,669,881 shares of the company’s stock traded hands, compared to its average volume of 1,613,633. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $58,870.00, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.32 and a beta of 0.87. Anthem Inc has a 52-week low of $158.66 and a 52-week high of $267.95.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the business posted $1.76 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. equities research analysts forecast that Anthem Inc will post 15.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.75 per share. This is a boost from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a yield of 1.31%. Anthem’s dividend payout ratio (DPR) is currently 29.53%.
Anthem announced that its Board of Directors has initiated a share buyback plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
ANTM has been the subject of several recent analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $275.00 price target on shares of Anthem in a report on Friday, January 19th. Cowen reissued a “buy” rating and issued a $280.00 price target on shares of Anthem in a report on Wednesday, January 31st. Wells Fargo & Co lifted their price objective on Anthem from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley lifted their price objective on Anthem from $247.00 to $266.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Finally, ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $233.25.
In related news, insider Joseph Swedish sold 64,403 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $244.37, for a total value of $15,738,161.11. Following the sale, the insider now directly owns 84,346 shares of the company’s stock, valued at approximately $20,611,632.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the sale, the executive vice president now directly owns 30,667 shares in the company, valued at $7,043,596.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,720 shares of company stock valued at $47,512,932. Corporate insiders own 0.36% of the company’s stock.
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Anthem Company Profile
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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