4,850 Shares in Anthem Inc (ANTM) Purchased by L & S Advisors Inc

L & S Advisors Inc acquired a new position in shares of Anthem Inc (NYSE:ANTM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,850 shares of the company’s stock, valued at approximately $1,274,000.

A number of other hedge funds also recently added to or reduced their stakes in ANTM. Commonwealth Equity Services LLC increased its position in Anthem by 7.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 26,267 shares of the company’s stock worth $7,198,000 after purchasing an additional 1,779 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in Anthem by 20.3% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 9,774 shares of the company’s stock worth $2,679,000 after purchasing an additional 1,652 shares in the last quarter. MML Investors Services LLC increased its position in Anthem by 34.0% during the 3rd quarter. MML Investors Services LLC now owns 11,785 shares of the company’s stock worth $3,230,000 after purchasing an additional 2,990 shares in the last quarter. South State Corp increased its position in Anthem by 13.3% during the 3rd quarter. South State Corp now owns 63,252 shares of the company’s stock worth $17,334,000 after purchasing an additional 7,420 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Anthem by 149.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,854 shares of the company’s stock worth $508,000 after purchasing an additional 1,110 shares in the last quarter. Institutional investors and hedge funds own 87.88% of the company’s stock.

NYSE ANTM traded down $1.81 on Friday, hitting $303.65. The company’s stock had a trading volume of 388,224 shares, compared to its average volume of 1,698,249. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.56 and a current ratio of 1.56. Anthem Inc has a 1-year low of $215.52 and a 1-year high of $317.99. The stock has a market cap of $78.34 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 1.07 and a beta of 0.93.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.24. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The firm had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. During the same period in the prior year, the company posted $1.29 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Analysts predict that Anthem Inc will post 19.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 18th will be paid a $0.80 dividend. This is a positive change from Anthem’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, March 15th. Anthem’s dividend payout ratio is currently 18.88%.

In other news, EVP Gloria M. Mccarthy sold 7,700 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $302.98, for a total value of $2,332,946.00. Following the sale, the executive vice president now directly owns 46,456 shares of the company’s stock, valued at approximately $14,075,238.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gloria M. Mccarthy sold 7,701 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $303.73, for a total transaction of $2,339,024.73. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,601 shares of company stock worth $7,631,276. Insiders own 0.31% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Barclays set a $338.00 price objective on shares of Anthem and gave the stock a “buy” rating in a research report on Friday, March 8th. Credit Suisse Group upped their price objective on shares of Anthem from $344.00 to $368.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. ValuEngine cut shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $333.00 price target for the company in a research report on Friday, February 1st. Finally, Stephens upped their price target on shares of Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, January 31st. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Anthem currently has a consensus rating of “Buy” and an average price target of $332.07.

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Anthem Profile

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.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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