Stephens Inc. AR increased its position in Anthem Inc (NYSE:ANTM) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,874 shares of the company’s stock after acquiring an additional 809 shares during the period. Stephens Inc. AR’s holdings in Anthem were worth $3,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of ANTM. Xact Kapitalforvaltning AB raised its stake in shares of Anthem by 1.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock valued at $8,850,000 after buying an additional 873 shares during the last quarter. British Airways Pensions Investment Management Ltd raised its stake in shares of Anthem by 9.4% during the 3rd quarter. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company’s stock valued at $36,380,000 after buying an additional 16,403 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of Anthem by 10.0% during the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 8,214 shares of the company’s stock valued at $1,560,000 after buying an additional 750 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Anthem by 15.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock valued at $1,561,000 after buying an additional 1,109 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. purchased a new position in shares of Anthem during the 3rd quarter valued at about $295,000. Institutional investors own 87.41% of the company’s stock.
A number of equities analysts have weighed in on ANTM shares. B. Riley reiterated a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Jefferies Group lifted their price target on Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Credit Suisse Group began coverage on Anthem in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price target for the company. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $215.00 price target on shares of Anthem in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $230.80.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The business had revenue of $22.45 billion for the quarter, compared to analysts’ expectations of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. equities research analysts anticipate that Anthem Inc will post 15.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.75 per share. This is a boost from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s payout ratio is currently 19.50%.
Anthem announced that its Board of Directors has initiated 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 buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other Anthem news, Chairman Joseph Swedish sold 21,125 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $231.43, for a total value of $4,888,958.75. Following the sale, the chairman now owns 87,668 shares of the company’s stock, valued at $20,289,005.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the sale, the executive vice president now directly owns 30,667 shares in the company, valued at approximately $7,043,596.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 167,457 shares of company stock worth $39,862,398. Insiders own 0.36% of the company’s stock.
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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