Cubist Systematic Strategies LLC grew its holdings in Anthem, Inc. (NYSE:ANTM) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,117 shares of the company’s stock after purchasing an additional 435 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Anthem were worth $972,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Interstate Bank lifted its stake in Anthem by 1,910.7% in the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after purchasing an additional 535 shares in the last quarter. Captrust Financial Advisors purchased a new position in Anthem in the 2nd quarter worth approximately $128,000. Salem Investment Counselors Inc. lifted its stake in Anthem by 1.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after purchasing an additional 10 shares in the last quarter. Harding Loevner LP purchased a new position in Anthem in the 2nd quarter worth approximately $151,000. Finally, Krilogy Financial LLC purchased a new position in Anthem in the 2nd quarter worth approximately $160,000. 87.41% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on ANTM. B. Riley reaffirmed a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Leerink Swann reaffirmed an “outperform” rating on shares of Anthem in a research report on Tuesday, November 7th. BidaskClub lowered shares of Anthem from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $215.00 price target on shares of Anthem in a research report on Thursday, September 14th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $201.07.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.25. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $22.10 billion. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.45 earnings per share. equities research analysts expect that Anthem, Inc. will post 11.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s payout ratio is 25.32%.
Anthem declared that its board has approved a stock buyback program on Thursday, December 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total value of $4,027,058.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald W. Penczek sold 978 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total transaction of $212,636.76. Following the completion of the transaction, the senior vice president now owns 1,222 shares of the company’s stock, valued at approximately $265,687.24. The disclosure for this sale can be found here. In the last three months, insiders sold 65,955 shares of company stock worth $13,907,287. 0.36% of the stock is owned by corporate insiders.
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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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