Palladium Partners LLC lessened its holdings in shares of Anthem Inc (NYSE:ANTM) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 37,398 shares of the company’s stock after selling 710 shares during the period. Palladium Partners LLC’s holdings in Anthem were worth $8,415,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Calton & Associates Inc. acquired a new stake in Anthem in the fourth quarter valued at approximately $100,000. First Interstate Bank raised its holdings 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 acquiring an additional 535 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Anthem in the third quarter valued at approximately $154,000. Krilogy Financial LLC acquired a new stake in Anthem in the second quarter valued at approximately $160,000. Finally, Bartlett & Co. LLC raised its holdings 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 acquiring an additional 264 shares in the last quarter. 87.41% of the stock is currently owned by institutional investors and hedge funds.
In other Anthem news, insider Joseph Swedish sold 67,500 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $235.87, for a total value of $15,921,225.00. Following the completion of the sale, the insider now owns 134,043 shares of the company’s stock, valued at $31,616,722.41. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the firm’s stock in a transaction 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 sale, 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. Over the last quarter, insiders sold 167,457 shares of company stock worth $39,862,398. 0.36% of the stock is currently owned by insiders.
Anthem Inc (NYSE ANTM) opened at $230.45 on Tuesday. Anthem Inc has a 1 year low of $155.35 and a 1 year high of $267.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.51. The firm has a market cap of $59,170.00, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.38 and a beta of 0.83.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $1.76 EPS. Anthem’s quarterly revenue was up 4.5% on a year-over-year basis. equities analysts anticipate that Anthem Inc will post 15.1 earnings per share for the current year.
Anthem announced that its board has approved a share repurchase plan on Thursday, December 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s dividend payout ratio (DPR) is 19.50%.
Several equities analysts have commented on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Bank of America increased their price target on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Morgan Stanley increased their price target on shares of Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Finally, BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Anthem has an average rating of “Buy” and a consensus price target 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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