Wedbush Securities Inc. lowered its position in shares of Anthem Inc (NYSE:ANTM) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,861 shares of the company’s stock after selling 137 shares during the quarter. Wedbush Securities Inc.’s holdings in Anthem were worth $489,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd raised its holdings in Anthem by 138.2% during the third quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock worth $22,004,000 after acquiring an additional 46,590 shares in the last quarter. Visionary Asset Management Inc. bought a new stake in Anthem in the third quarter valued at approximately $223,000. Diligent Investors LLC bought a new stake in Anthem in the third quarter valued at approximately $200,000. Monument Capital Management bought a new stake in Anthem in the fourth quarter valued at approximately $1,886,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Anthem by 41.9% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 232,836 shares of the company’s stock valued at $61,149,000 after buying an additional 68,725 shares during the period. Institutional investors own 97.06% of the company’s stock.
Shares of ANTM traded up $0.32 during trading hours on Tuesday, reaching $302.49. The stock had a trading volume of 9,864 shares, compared to its average volume of 1,790,846. Anthem Inc has a 12 month low of $215.52 and a 12 month high of $311.60. The stock has a market capitalization of $78.69 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.56.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The company 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 company earned $1.29 EPS. Anthem’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts forecast that Anthem Inc will post 19.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be given a dividend of $0.80 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, March 15th. Anthem’s dividend payout ratio (DPR) is currently 18.88%.
Several analysts have issued reports on ANTM shares. Cantor Fitzgerald restated a “buy” rating and issued a $275.00 price objective on shares of Anthem in a research note on Thursday, October 25th. Barclays reaffirmed an “overweight” rating and issued a $300.00 target price (up previously from $270.00) on shares of Anthem in a research report on Thursday, November 1st. BMO Capital Markets upped their target price on Anthem from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Credit Suisse Group upped their target price on Anthem from $311.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Finally, Morgan Stanley upped their target price on Anthem from $368.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, November 1st. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $329.93.
In other news, EVP Peter D. Haytaian sold 4,500 shares of Anthem stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $278.48, for a total value of $1,253,160.00. Following the completion of the transaction, the executive vice president now directly owns 47,006 shares of the company’s stock, valued at approximately $13,090,230.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter D. Haytaian sold 3,000 shares of Anthem stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $256.31, for a total value of $768,930.00. Following the completion of the transaction, the executive vice president now directly owns 42,206 shares of the company’s stock, valued at $10,817,819.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,400 shares of company stock valued at $6,545,411. 0.31% of the stock is owned by corporate insiders.
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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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