Retirement Systems of Alabama lessened its stake in shares of Anthem Inc (NYSE:ANTM) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 261,980 shares of the company’s stock after selling 17,600 shares during the quarter. Retirement Systems of Alabama’s holdings in Anthem were worth $68,804,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its stake in Anthem by 3.3% in the fourth quarter. CENTRAL TRUST Co now owns 2,845 shares of the company’s stock worth $747,000 after acquiring an additional 90 shares during the period. Moody National Bank Trust Division lifted its stake in Anthem by 0.3% in the fourth quarter. Moody National Bank Trust Division now owns 57,948 shares of the company’s stock worth $15,219,000 after acquiring an additional 174 shares during the period. Fulton Bank N.A. lifted its stake in Anthem by 4.0% in the fourth quarter. Fulton Bank N.A. now owns 8,226 shares of the company’s stock worth $2,160,000 after acquiring an additional 317 shares during the period. Polaris Capital Management LLC lifted its stake in Anthem by 5.3% in the third quarter. Polaris Capital Management LLC now owns 202,120 shares of the company’s stock worth $55,391,000 after acquiring an additional 10,124 shares during the period. Finally, Vanguard Group Inc lifted its stake in Anthem by 2.9% in the third quarter. Vanguard Group Inc now owns 18,729,474 shares of the company’s stock worth $5,132,811,000 after acquiring an additional 532,579 shares during the period. 86.84% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Julie A. Hill sold 500 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $287.25, for a total transaction of $143,625.00. Following the completion of the transaction, the director now directly owns 34,327 shares in the company, valued at $9,860,430.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter D. Haytaian sold 3,500 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $267.59, for a total value of $936,565.00. Following the transaction, the executive vice president now owns 48,206 shares of the company’s stock, valued at $12,899,443.54. The disclosure for this sale can be found here. Insiders have sold 19,326 shares of company stock valued at $5,369,550 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.
Shares of NYSE:ANTM traded up $0.92 on Thursday, hitting $252.27. 1,683,916 shares of the company traded hands, compared to its average volume of 2,038,689. Anthem Inc has a 52 week low of $215.52 and a 52 week high of $300.57. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.54. The company has a market capitalization of $64.64 billion, a PE ratio of 20.95, a PEG ratio of 1.09 and a beta of 0.91.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.11. Anthem had a return on equity of 13.99% and a net margin of 4.98%. The firm had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $22.85 billion. During the same period last year, the company earned $2.65 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts anticipate that Anthem Inc will post 15.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, December 4th. This represents a $3.00 annualized dividend and a dividend yield of 1.19%. Anthem’s payout ratio is presently 24.92%.
ANTM has been the subject of several recent research reports. ValuEngine lowered Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research report on Monday. Barclays reissued a “buy” rating and set a $282.00 price objective on shares of Anthem in a research report on Sunday. Evercore ISI raised Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 price objective for the company in a research report on Thursday, January 3rd. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $330.00 price objective (up previously from $305.00) on shares of Anthem in a research report on Monday, December 3rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $310.57.
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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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