LS Investment Advisors LLC lowered its holdings in shares of Anthem (NYSE:ANTM) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,127 shares of the company’s stock after selling 363 shares during the period. LS Investment Advisors LLC’s holdings in Anthem were worth $2,225,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Calton & Associates Inc. acquired a new stake in Anthem during the fourth quarter worth approximately $100,000. Reilly Financial Advisors LLC grew its stake in Anthem by 144.9% during the first quarter. Reilly Financial Advisors LLC now owns 556 shares of the company’s stock worth $122,000 after purchasing an additional 329 shares during the period. Icon Wealth Partners LLC acquired a new stake in Anthem during the fourth quarter worth approximately $126,000. Smart Portfolios LLC acquired a new stake in Anthem during the first quarter worth approximately $161,000. Finally, Bartlett & Co. LLC grew its stake in Anthem by 50.5% during the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after purchasing an additional 264 shares during the period. 88.27% of the stock is owned by institutional investors and hedge funds.
Shares of Anthem opened at $232.31 on Tuesday, Marketbeat reports. The firm has a market cap of $59.22 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.29 and a beta of 0.87. Anthem has a 12 month low of $229.92 and a 12 month high of $234.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.49 and a current ratio of 1.49.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, April 25th. The company reported $5.41 EPS for the quarter, topping the Zacks’ consensus estimate of $4.83 by $0.58. The business had revenue of $22.34 billion for the quarter, compared to analyst estimates of $22.55 billion. Anthem had a return on equity of 12.77% and a net margin of 4.60%. Anthem’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $4.68 earnings per share. research analysts anticipate that Anthem will post 15.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Friday, June 8th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, June 7th. Anthem’s dividend payout ratio is currently 24.92%.
In other Anthem news, CEO Brian T. Griffin sold 59,421 shares of the firm’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $224.41, for a total value of $13,334,666.61. Following the completion of the sale, the chief executive officer now directly owns 25,619 shares of the company’s stock, valued at $5,749,159.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas C. Zielinski sold 20,455 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $229.23, for a total value of $4,688,899.65. The disclosure for this sale can be found here. Insiders sold 134,264 shares of company stock valued at $30,563,060 over the last three months. Company insiders own 0.31% of the company’s stock.
Several equities research analysts recently commented on the company. Sanford C. Bernstein set a $332.00 target price on Anthem and gave the stock an “outperform” rating in a research note on Thursday, April 26th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $275.00 target price on shares of Anthem in a research note on Wednesday, April 25th. Credit Suisse Group raised their target price on Anthem from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, April 26th. Morgan Stanley raised their target price on Anthem from $266.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 26th. Finally, Wells Fargo increased their price target on Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and an average target price of $249.00.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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