Earnest Partners LLC decreased its position in shares of Anthem Inc (NYSE:ANTM) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,792 shares of the company’s stock after selling 6,275 shares during the quarter. Earnest Partners LLC’s holdings in Anthem were worth $25,154,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in ANTM. FineMark National Bank & Trust raised its holdings in Anthem by 8.3% in the 4th quarter. FineMark National Bank & Trust now owns 2,933 shares of the company’s stock valued at $660,000 after buying an additional 225 shares during the period. Dowling & Yahnke LLC raised its holdings in Anthem by 3.3% in the 4th quarter. Dowling & Yahnke LLC now owns 7,445 shares of the company’s stock valued at $1,675,000 after buying an additional 241 shares during the period. Commerce Bank raised its holdings in Anthem by 2.0% in the 3rd quarter. Commerce Bank now owns 12,330 shares of the company’s stock valued at $2,341,000 after buying an additional 242 shares during the period. Reliance Trust Co. of Delaware raised its holdings in Anthem by 4.7% in the 4th quarter. Reliance Trust Co. of Delaware now owns 5,678 shares of the company’s stock valued at $1,278,000 after buying an additional 255 shares during the period. Finally, Global X Management Co. LLC raised its holdings in Anthem by 3.8% in the 4th quarter. Global X Management Co. LLC now owns 7,181 shares of the company’s stock valued at $1,616,000 after buying an additional 263 shares during the period. 88.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Anthem Inc (NYSE:ANTM) opened at $230.22 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.55 and a current ratio of 1.55. Anthem Inc has a one year low of $158.66 and a one year high of $267.95. The firm has a market cap of $58,780.24, a P/E ratio of 16.03, a P/E/G ratio of 1.32 and a beta of 0.87.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The firm had revenue of $22.45 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. analysts predict that Anthem Inc will post 15.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. Anthem’s dividend payout ratio is presently 20.89%.
Anthem declared that its Board of Directors has initiated a share buyback plan on Thursday, December 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
Several analysts recently issued reports on ANTM shares. Cowen restated a “buy” rating and issued a $280.00 price objective on shares of Anthem in a report on Wednesday, January 31st. Cantor Fitzgerald restated a “buy” rating and issued a $275.00 price objective on shares of Anthem in a report on Friday, January 19th. Jefferies Group upgraded shares of Anthem from a “hold” rating to a “buy” rating and reduced their price objective for the company from $235.00 to $211.00 in a report on Friday, January 12th. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Finally, ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $233.25.
In related news, SVP Ronald W. Penczek sold 1,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $231.90, for a total transaction of $455,915.40. Following the sale, the senior vice president now directly owns 2,132 shares in the company, valued at $494,410.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Swedish sold 67,500 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $235.87, for a total transaction of $15,921,225.00. Following the sale, the insider now owns 134,043 shares in the company, valued at $31,616,722.41. The disclosure for this sale can be found here. Insiders have sold 200,720 shares of company stock worth $47,512,932 over the last 90 days. 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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