AdvisorNet Financial Inc lessened its holdings in shares of Anthem Inc (NYSE:ANTM) by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 590 shares of the company’s stock after selling 75 shares during the quarter. AdvisorNet Financial Inc’s holdings in Anthem were worth $155,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. First Merchants Corp lifted its position in shares of Anthem by 67.1% during the 4th quarter. First Merchants Corp now owns 1,968 shares of the company’s stock worth $517,000 after purchasing an additional 790 shares during the last quarter. WINTON GROUP Ltd raised its holdings in Anthem by 138.2% in the 3rd quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock valued at $22,004,000 after acquiring an additional 46,590 shares in the last quarter. Monument Capital Management acquired a new position in Anthem in the 4th quarter valued at approximately $1,886,000. Sumitomo Mitsui Asset Management Company LTD raised its holdings in Anthem by 41.9% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 232,836 shares of the company’s stock valued at $61,149,000 after acquiring an additional 68,725 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its holdings in Anthem by 16.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 441 shares of the company’s stock valued at $116,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 87.81% of the company’s stock.
In other news, EVP Gloria M. Mccarthy sold 7,701 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $303.73, for a total transaction of $2,339,024.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gloria M. Mccarthy sold 7,700 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $302.98, for a total value of $2,332,946.00. Following the sale, the executive vice president now owns 46,456 shares of the company’s stock, valued at approximately $14,075,238.88. The disclosure for this sale can be found here. Insiders have sold 26,601 shares of company stock valued at $7,631,276 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently issued reports on ANTM shares. Argus started coverage on Anthem in a report on Thursday, January 24th. They issued a “buy” rating and a $333.00 target price for the company. Stephens increased their target price on Anthem from $310.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, January 31st. Morgan Stanley restated an “overweight” rating and set a $391.00 price target (up from $372.00) on shares of Anthem in a research report on Thursday, January 31st. Barclays set a $338.00 price target on Anthem and gave the stock a “buy” rating in a research report on Friday, March 8th. Finally, ValuEngine lowered Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $332.07.
Shares of NYSE ANTM traded down $3.35 during mid-day trading on Friday, hitting $301.51. The company had a trading volume of 1,096,138 shares, compared to its average volume of 1,682,189. The stock has a market capitalization of $77.49 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 1.56. Anthem Inc has a one year low of $215.52 and a one year high of $317.99.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.24. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The business had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. During the same quarter last year, the company posted $1.29 earnings per share. Anthem’s quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts expect that Anthem Inc will post 19.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, March 15th. This represents a $3.20 dividend on an annualized basis and a yield of 1.06%. This is a boost from Anthem’s previous quarterly dividend of $0.75. Anthem’s dividend payout ratio (DPR) is presently 20.14%.
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Anthem Company Profile
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.
Further Reading: Dividend
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