Anthem Inc (NYSE:ANTM) EVP Gloria M. Mccarthy sold 14,429 shares of Anthem 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 sale, the executive vice president now directly owns 30,667 shares of the company’s stock, valued at approximately $7,043,596.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Anthem Inc (ANTM) traded up $4.41 during trading on Wednesday, hitting $247.85. 4,059,649 shares of the company’s stock were exchanged, compared to its average volume of 1,460,000. Anthem Inc has a 1-year low of $151.77 and a 1-year high of $267.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $63,640.00, a P/E ratio of 22.41, a P/E/G ratio of 1.77 and a beta of 0.79.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts expect that Anthem Inc will post 11.97 earnings per share for the current fiscal year.
Anthem announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.21%. This is an increase from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio is 25.32%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. WBI Investments Inc. grew its stake in Anthem by 637.6% during the 2nd quarter. WBI Investments Inc. now owns 56,233 shares of the company’s stock valued at $10,579,000 after acquiring an additional 48,609 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in 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 acquiring an additional 873 shares in the last quarter. British Airways Pensions Investment Management Ltd grew its stake in 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 acquiring an additional 16,403 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in 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 acquiring an additional 750 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Anthem by 15.6% in 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 period. 87.52% of the stock is owned by institutional investors.
Several research firms have issued reports on ANTM. Morgan Stanley lifted their price target on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Bank of America lifted their price target on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Credit Suisse Group started 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. Jefferies Group boosted their price objective on shares of Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a report on Friday, October 13th. Finally, B. Riley reissued a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $217.27.
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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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