Norinchukin Bank The increased its position in Anthem Inc (NYSE:ANTM) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,529 shares of the company’s stock after acquiring an additional 983 shares during the quarter. Norinchukin Bank The’s holdings in Anthem were worth $4,619,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. FineMark National Bank & Trust lifted its position in Anthem by 8.3% during the fourth quarter. FineMark National Bank & Trust now owns 2,933 shares of the company’s stock valued at $660,000 after purchasing an additional 225 shares during the last quarter. Dowling & Yahnke LLC lifted its position in Anthem by 3.3% during the fourth quarter. Dowling & Yahnke LLC now owns 7,445 shares of the company’s stock valued at $1,675,000 after purchasing an additional 241 shares during the last quarter. Commerce Bank lifted its position in Anthem by 2.0% during the third quarter. Commerce Bank now owns 12,330 shares of the company’s stock valued at $2,341,000 after purchasing an additional 242 shares during the last quarter. Global X Management Co. LLC lifted its position in Anthem by 3.8% during the fourth quarter. Global X Management Co. LLC now owns 7,181 shares of the company’s stock valued at $1,616,000 after purchasing an additional 263 shares during the last quarter. Finally, Bartlett & Co. LLC lifted its position in Anthem by 50.5% during 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 during the last quarter. Institutional investors own 85.30% of the company’s stock.
Several equities research analysts have issued reports on ANTM shares. B. Riley reiterated a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Royal Bank of Canada reiterated a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Credit Suisse Group started coverage on shares of Anthem in a research report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 target price for the company. ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Bank of America boosted their price objective on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $230.80.
Anthem Inc (ANTM) opened at $235.02 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. Anthem Inc has a one year low of $158.66 and a one year high of $267.95. The company has a market cap of $60,343.85, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.35 and a beta of 0.83.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. The company had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 earnings per share. analysts anticipate that Anthem Inc will post 15.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.75 per share. This is an increase from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s payout ratio is presently 19.50%.
Anthem announced that its board has authorized a share buyback program on Thursday, December 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In other Anthem news, Chairman Joseph Swedish sold 21,125 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the transaction, the chairman now directly owns 87,668 shares of the company’s stock, valued at approximately $20,289,005.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the transaction, the executive vice president now directly owns 30,667 shares in the company, valued at $7,043,596.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,457 shares of company stock worth $39,862,398. Insiders own 0.36% of the company’s stock.
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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