BT Investment Management Ltd grew its position in Anthem Inc (NYSE:ANTM) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 45,654 shares of the company’s stock after acquiring an additional 2,194 shares during the quarter. BT Investment Management Ltd’s holdings in Anthem were worth $10,273,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Calton & Associates Inc. acquired a new position in shares of Anthem during the 4th quarter worth about $100,000. First Interstate Bank raised its position in shares of Anthem by 1,910.7% during 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. Wealthcare Advisory Partners LLC acquired a new position in shares of Anthem during the 3rd quarter worth about $154,000. Krilogy Financial LLC acquired a new position in shares of Anthem during the 2nd quarter worth about $160,000. Finally, Bartlett & Co. LLC raised its position in shares of Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 87.41% of the company’s stock.
Shares of Anthem Inc (NYSE ANTM) opened at $238.44 on Thursday. Anthem Inc has a one year low of $156.81 and a one year high of $267.95. The stock has a market cap of $60,295.07, a PE ratio of 19.58, a P/E/G ratio of 1.35 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.55.
Anthem declared that its Board of Directors has approved a stock repurchase program on Thursday, December 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.75 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 annualized dividend and a dividend yield of 1.26%. Anthem’s dividend payout ratio is 19.50%.
In other news, 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 value of $3,314,052.72. Following the completion of the sale, the executive vice president now owns 30,667 shares of the company’s stock, valued at approximately $7,043,596.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Joseph Swedish sold 21,125 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the completion of the sale, the chairman now directly owns 87,668 shares of the company’s stock, valued at approximately $20,289,005.24. The disclosure for this sale can be found here. In the last three months, insiders sold 167,457 shares of company stock valued at $39,862,398. Corporate insiders own 0.36% of the company’s stock.
Several research analysts recently weighed in on ANTM shares. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Bank of America upped their price target on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Morgan Stanley upped their price target on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $230.80.
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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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