Miracle Mile Advisors LLC purchased a new position in Anthem Inc (NYSE:ANTM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,174 shares of the company’s stock, valued at approximately $489,000.
Other large investors also recently made changes to their positions in the company. Calton & Associates Inc. bought a new position in Anthem during the fourth quarter valued at about $100,000. First Interstate Bank increased its stake in Anthem by 1,910.7% during the third quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after acquiring an additional 535 shares during the period. Wealthcare Advisory Partners LLC bought a new position in Anthem during the third quarter valued at about $154,000. Krilogy Financial LLC bought a new position in Anthem during the second quarter valued at about $160,000. Finally, Bartlett & Co. LLC increased its stake in Anthem by 50.5% during the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after acquiring an additional 264 shares during the period. 86.67% of the stock is owned by institutional investors.
Anthem Inc (NYSE ANTM) traded up $2.96 during trading hours on Friday, reaching $235.02. The company’s stock had a trading volume of 1,082,810 shares, compared to its average volume of 1,968,178. Anthem Inc has a 12-month low of $158.66 and a 12-month high of $267.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.55. The firm has a market cap of $59,583.84, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The firm had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the business earned $1.76 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. analysts forecast that Anthem Inc will post 15.09 EPS for the current fiscal year.
Anthem announced that its board has approved a share buyback plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.75 per share. This is a boost from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. This represents a $3.00 annualized dividend and a dividend yield of 1.28%. Anthem’s payout ratio is presently 19.50%.
In other Anthem news, Chairman Joseph Swedish sold 21,125 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the completion of the sale, the chairman now owns 87,668 shares in the company, valued at approximately $20,289,005.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $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 valued at $39,862,398 in the last quarter. Corporate insiders own 0.36% of the company’s stock.
Several brokerages recently issued reports on ANTM. B. Riley restated a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a research note on Tuesday, November 7th. Wells Fargo & Co upped their price objective on Anthem from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $275.00 price objective on shares of Anthem in a research note on Friday, January 19th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $230.80.
TRADEMARK VIOLATION NOTICE: “2,174 Shares in Anthem Inc (ANTM) Purchased by Miracle Mile Advisors LLC” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/02/17/miracle-mile-advisors-llc-acquires-new-stake-in-anthem-inc-antm.html.
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.
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.