HL Financial Services LLC grew its holdings in Anthem Inc (NYSE:ANTM) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,450 shares of the company’s stock after acquiring an additional 772 shares during the quarter. HL Financial Services LLC’s holdings in Anthem were worth $776,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. First Interstate Bank raised its stake in Anthem by 1,910.7% in the third quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after purchasing an additional 535 shares in the last quarter. Bartlett & Co. LLC raised its stake in Anthem by 50.5% in the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after purchasing an additional 264 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Anthem in the third quarter valued at about $154,000. Krilogy Financial LLC acquired a new position in Anthem in the second quarter valued at about $160,000. Finally, E&G Advisors LP acquired a new position in Anthem in the fourth quarter valued at about $203,000. 87.41% of the stock is owned by institutional investors.
In other news, Chairman Joseph Swedish sold 21,125 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $231.43, for a total value of $4,888,958.75. Following the completion of the transaction, the chairman now owns 87,668 shares of the company’s stock, valued at $20,289,005.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were 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. In the last three months, insiders have sold 167,457 shares of company stock valued at $39,862,398. Insiders own 0.36% of the company’s stock.
Anthem Inc (NYSE:ANTM) opened at $230.45 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.55. The company has a market capitalization of $61,411.97, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.38 and a beta of 0.83. Anthem Inc has a 52 week low of $155.35 and a 52 week high of $267.95.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The firm had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share. sell-side analysts forecast that Anthem Inc will post 15.1 EPS for the current year.
Anthem declared that its board has initiated a stock buyback plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced 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 an increase from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. This represents a $3.00 annualized dividend and a yield of 1.30%. Anthem’s payout ratio is presently 19.50%.
A number of research analysts recently commented on ANTM shares. B. Riley reaffirmed a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Jefferies Group boosted their price target on Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Credit Suisse Group started coverage on Anthem in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $215.00 price target on shares of Anthem in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Anthem presently has a consensus rating of “Buy” and a consensus target price of $230.80.
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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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