Pinebridge Investments L.P. cut its stake in Anthem Inc (NYSE:ANTM) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,432 shares of the company’s stock after selling 5,410 shares during the quarter. Pinebridge Investments L.P.’s holdings in Anthem were worth $10,223,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in ANTM. First Allied Advisory Services Inc. grew its position in Anthem by 93.1% during the fourth quarter. First Allied Advisory Services Inc. now owns 2,997 shares of the company’s stock valued at $676,000 after buying an additional 1,445 shares during the period. D.A. Davidson & CO. grew its position in Anthem by 45.3% during the fourth quarter. D.A. Davidson & CO. now owns 8,937 shares of the company’s stock valued at $2,011,000 after buying an additional 2,786 shares during the period. Global X Management Co. LLC grew its position in Anthem by 3.8% during the fourth quarter. Global X Management Co. LLC now owns 7,181 shares of the company’s stock valued at $1,616,000 after buying an additional 263 shares during the period. Toronto Dominion Bank grew its position in Anthem by 10.6% during the fourth quarter. Toronto Dominion Bank now owns 116,945 shares of the company’s stock valued at $26,314,000 after buying an additional 11,239 shares during the period. Finally, Advisory Research Inc. grew its position in Anthem by 13.8% during the fourth quarter. Advisory Research Inc. now owns 5,034 shares of the company’s stock valued at $1,133,000 after buying an additional 612 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.
In other news, insider Joseph Swedish sold 64,403 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $244.37, for a total value of $15,738,161.11. Following the transaction, the insider now owns 84,346 shares of the company’s stock, valued at $20,611,632.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the completion of the transaction, the executive vice president now directly owns 30,667 shares in the company, valued at approximately $7,043,596.56. The disclosure for this sale can be found here. Insiders sold 167,457 shares of company stock worth $39,862,398 in the last three months. Insiders own 0.36% of the company’s stock.
Anthem Inc (NYSE:ANTM) opened at $232.06 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. Anthem Inc has a 1-year low of $158.66 and a 1-year high of $267.95. The firm has a market cap of $60,343.85, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.35 and a beta of 0.83.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The business had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. equities research analysts forecast that Anthem Inc will post 15.09 EPS for the current fiscal year.
Anthem declared that its board 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 buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, March 8th. This is an increase from Anthem’s previous quarterly dividend of $0.70. Anthem’s payout ratio is 19.50%.
Several analysts recently issued reports 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 boosted their target price on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Morgan Stanley boosted their target price on shares of Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Finally, BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price 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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