Investors Sell Anthem (ANTM) on Strength Following Insider Selling

Traders sold shares of Anthem Inc (NYSE:ANTM) on strength during trading hours on Wednesday after an insider sold shares in the company. $159.26 million flowed into the stock on the tick-up and $223.11 million flowed out of the stock on the tick-down, for a money net flow of $63.85 million out of the stock. Of all stocks tracked, Anthem had the 28th highest net out-flow for the day. Anthem traded up $10.08 for the day and closed at $275.57Specifically, CAO Ronald W. Penczek sold 763 shares of Anthem stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $265.56, for a total transaction of $202,622.28. Following the transaction, the chief accounting officer now directly owns 1,334 shares in the company, valued at $354,257.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter D. Haytaian sold 2,936 shares of Anthem stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $270.00, for a total value of $792,720.00. Following the transaction, the executive vice president now owns 58,642 shares in the company, valued at $15,833,340. The disclosure for this sale can be found here. Insiders have sold 15,447 shares of company stock worth $4,143,846 over the last quarter. 0.31% of the stock is owned by company insiders.

A number of equities research analysts have commented on the company. Cantor Fitzgerald reissued a “buy” rating and set a $275.00 price target on shares of Anthem in a report on Thursday, October 25th. Jefferies Financial Group reissued a “buy” rating and set a $316.00 price target on shares of Anthem in a report on Friday, October 12th. Cowen assumed coverage on Anthem in a report on Monday, September 17th. They set an “outperform” rating and a $318.00 price target on the stock. Citigroup cut Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price target on the stock. in a report on Monday, September 10th. Finally, Morgan Stanley raised Anthem from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $273.00 to $368.00 in a report on Wednesday, September 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $274.21.

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $69.08 billion, a P/E ratio of 22.89, a PEG ratio of 1.44 and a beta of 0.92.

Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.70 by $0.11. Anthem had a return on equity of 13.28% and a net margin of 4.79%. The firm had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $22.85 billion. During the same period in the previous year, the firm posted $2.65 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Anthem Inc will post 15.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.09%. Anthem’s dividend payout ratio (DPR) is 24.92%.

Several hedge funds have recently modified their holdings of ANTM. Allianz Asset Management GmbH increased its holdings in shares of Anthem by 31.5% in the first quarter. Allianz Asset Management GmbH now owns 2,108,871 shares of the company’s stock worth $463,319,000 after purchasing an additional 505,252 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Anthem by 271.2% in the first quarter. Summit Trail Advisors LLC now owns 4,209 shares of the company’s stock worth $246,000 after purchasing an additional 3,075 shares during the last quarter. Washington Trust Bank increased its holdings in shares of Anthem by 2.1% in the second quarter. Washington Trust Bank now owns 34,137 shares of the company’s stock worth $8,125,000 after purchasing an additional 708 shares during the last quarter. DnB Asset Management AS increased its holdings in shares of Anthem by 2.0% in the second quarter. DnB Asset Management AS now owns 102,450 shares of the company’s stock worth $24,386,000 after purchasing an additional 2,000 shares during the last quarter. Finally, XR Securities LLC bought a new stake in shares of Anthem in the second quarter worth about $510,000. 86.85% of the stock is currently owned by hedge funds and other institutional investors.

Anthem Company Profile (NYSE:ANTM)

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: Hedge Funds – Risk or Reward?

Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply