National Pension Service lifted its position in Anthem Inc (NYSE:ANTM) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 230,091 shares of the company’s stock after buying an additional 8,649 shares during the quarter. National Pension Service’s holdings in Anthem were worth $51,773,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Interstate Bank grew its holdings in shares of 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 during the last quarter. Salem Investment Counselors Inc. grew its holdings in Anthem by 1.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after acquiring an additional 10 shares during the last quarter. Harding Loevner LP bought a new stake in Anthem during the 2nd quarter worth about $151,000. Wealthcare Advisory Partners LLC bought a new stake in Anthem during the 3rd quarter worth about $154,000. Finally, Krilogy Financial LLC bought a new stake in Anthem during the 2nd quarter worth about $160,000. 87.41% of the stock is currently owned by institutional investors and hedge funds.
ANTM has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Jefferies Group increased their price objective on shares of Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $207.00 price objective on the stock in a report on Wednesday, September 20th. Royal Bank of Canada reissued a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Finally, Credit Suisse Group initiated coverage on shares of Anthem in a report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $205.60.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 3.35% and a return on equity of 12.97%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.45 EPS. sell-side analysts expect that Anthem Inc will post 11.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, December 4th. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
Anthem announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, insider Joseph Swedish sold 21,125 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $209.85, for a total value of $4,433,081.25. Following the sale, the insider now directly owns 87,668 shares in the company, valued at approximately $18,397,129.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 30,667 shares in the company, valued at $7,043,596.56. The disclosure for this sale can be found here. Insiders sold a total of 126,759 shares of company stock worth $29,115,506 in the last ninety days. Insiders own 0.36% of the company’s stock.
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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