Traders Sell Shares of Anthem (ANTM) on Strength (ANTM)

Investors sold shares of Anthem Inc (NYSE:ANTM) on strength during trading on Friday. $44.39 million flowed into the stock on the tick-up and $114.90 million flowed out of the stock on the tick-down, for a money net flow of $70.51 million out of the stock. Of all stocks tracked, Anthem had the 0th highest net out-flow for the day. Anthem traded up $2.96 for the day and closed at $235.02

A number of brokerages have commented on ANTM. Wells Fargo & Co increased their price objective on shares of Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Credit Suisse Group reissued an “outperform” rating and set a $280.00 price objective (up previously from $255.00) on shares of Anthem in a report on Thursday, February 1st. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley increased their price objective on shares of Anthem from $247.00 to $266.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $230.80.

The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $60,343.74, a PE ratio of 16.37, a PEG ratio of 1.35 and a beta of 0.83.

Anthem (NYSE:ANTM) last released its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The company had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the company posted $1.76 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. analysts forecast that Anthem Inc will post 15.09 earnings per share for the current fiscal year.

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. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.28%. Anthem’s dividend payout ratio is presently 19.50%.

Anthem declared that its board has initiated a share repurchase plan on Thursday, December 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In related news, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total value of $3,314,052.72. Following the sale, the executive vice president now directly owns 30,667 shares in the company, valued at approximately $7,043,596.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Swedish sold 64,403 shares of the 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 completion of the sale, the insider now owns 84,346 shares in the company, valued at $20,611,632.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 167,457 shares of company stock worth $39,862,398. Corporate insiders own 0.36% of the company’s stock.

Several large investors have recently made changes to their positions in ANTM. Calton & Associates Inc. acquired a new stake in shares of Anthem in the 4th quarter valued at approximately $100,000. First Interstate Bank raised its position in shares of Anthem by 1,910.7% in the 3rd 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. Icon Wealth Partners LLC acquired a new stake in shares of Anthem in the 4th quarter valued at approximately $126,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Anthem in the 3rd quarter valued at approximately $154,000. Finally, Bartlett & Co. LLC raised its position in shares of Anthem by 50.5% in the 4th 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. Institutional investors and hedge funds own 86.67% of the company’s stock.

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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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