Sciencast Management LP bought a new stake in Anthem Inc (NYSE:ANTM) during the 1st quarter, Holdings Channel reports. The institutional investor bought 8,750 shares of the company’s stock, valued at approximately $2,532,000. Anthem accounts for approximately 0.9% of Sciencast Management LP’s investment portfolio, making the stock its 6th biggest position.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Prime Capital Investment Advisors LLC acquired a new position in Anthem during the 4th quarter valued at about $28,000. Laurel Wealth Advisors LLC acquired a new position in Anthem during the 4th quarter valued at about $36,000. Athena Capital Advisors LLC acquired a new position in Anthem during the 4th quarter valued at about $39,000. Semmax Financial Advisors Inc. acquired a new position in Anthem during the 4th quarter valued at about $42,000. Finally, Financial Gravity Companies Inc. acquired a new position in Anthem during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 89.09% of the company’s stock.
A number of research analysts have issued reports on ANTM shares. Stephens started coverage on shares of Anthem in a research report on Monday, January 14th. They set an “overweight” rating and a $310.00 target price on the stock. Barclays restated a “buy” rating and set a $282.00 target price on shares of Anthem in a research report on Sunday, January 6th. Evercore ISI raised Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 price target for the company in a research note on Thursday, January 3rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $344.00 price target (up from $330.00) on shares of Anthem in a research note on Thursday, January 31st. Finally, Morgan Stanley upped their price target on Anthem from $372.00 to $391.00 and gave the company an “overweight” rating in a research note on Thursday, January 31st. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Anthem has a consensus rating of “Buy” and a consensus price target of $332.07.
In related news, EVP Gloria M. Mccarthy sold 7,701 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $303.73, for a total transaction of $2,339,024.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gloria M. Mccarthy sold 7,700 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $302.98, for a total value of $2,332,946.00. Following the sale, the executive vice president now directly owns 46,456 shares of the company’s stock, valued at $14,075,238.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,601 shares of company stock valued at $6,862,346. 0.17% of the stock is owned by company insiders.
NYSE ANTM traded up $10.41 during trading hours on Monday, reaching $263.26. 87,005 shares of the company’s stock were exchanged, compared to its average volume of 1,363,791. Anthem Inc has a one year low of $219.96 and a one year high of $317.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $65.05 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 0.98 and a beta of 0.92.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, January 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.24. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The business had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. During the same period in the prior year, the business earned $1.29 EPS. Anthem’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts predict that Anthem Inc will post 19.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.22%. This is a boost from Anthem’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 15th. Anthem’s dividend payout ratio is presently 20.14%.
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Anthem Company Profile
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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