Sei Investments Co. raised its stake in Anthem Inc (NYSE:ANTM) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 286,675 shares of the company’s stock after purchasing an additional 13,712 shares during the period. Sei Investments Co. owned 0.11% of Anthem worth $52,839,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Calton & Associates Inc. bought a new stake in shares of Anthem during the fourth quarter worth about $100,000. First Interstate Bank grew its position in Anthem by 1,910.7% in the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after purchasing an additional 535 shares in the last quarter. Bartlett & Co. LLC grew its position in Anthem by 50.5% in the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after purchasing an additional 264 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Anthem in the 3rd quarter worth about $154,000. Finally, E&G Advisors LP bought a new stake in Anthem in the 4th quarter worth about $203,000. 86.67% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Joseph Swedish sold 64,403 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $244.37, for a total transaction of $15,738,161.11. Following the sale, the insider now directly owns 84,346 shares in the company, valued at approximately $20,611,632.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the company’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 transaction of $3,314,052.72. Following the sale, the executive vice president now owns 30,667 shares in the company, valued at $7,043,596.56. The disclosure for this sale can be found here. Insiders have sold a total of 167,457 shares of company stock worth $39,862,398 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.
Anthem Inc (ANTM) opened at $233.45 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.51. The firm has a market cap of $59,766.14, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83. Anthem Inc has a 52 week low of $158.66 and a 52 week high of $267.95.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.04. The company had revenue of $22.45 billion for the quarter, compared to analysts’ expectations of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. Anthem’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 EPS. equities research analysts anticipate that Anthem Inc will post 15.09 EPS for the current year.
Anthem announced that its board has initiated a stock buyback program on Thursday, December 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid 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 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s dividend payout ratio is presently 19.50%.
ANTM has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Morgan Stanley upped their price objective 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. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Bank of America upped their price objective 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. Finally, ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Anthem presently has a consensus rating of “Buy” and an average 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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