Investors Sell Anthem (ANTM) on Strength (ANTM)

Traders sold shares of Anthem Inc (NYSE:ANTM) on strength during trading hours on Thursday. $45.44 million flowed into the stock on the tick-up and $71.03 million flowed out of the stock on the tick-down, for a money net flow of $25.59 million out of the stock. Of all equities tracked, Anthem had the 33rd highest net out-flow for the day. Anthem traded up $1.65 for the day and closed at $233.68

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

The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. The company has a market cap of $60,000.00, a PE ratio of 16.27, a P/E/G ratio of 1.34 and a beta of 0.83.

Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The firm had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share. equities research analysts forecast that Anthem Inc will post 15.09 EPS 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. This represents a $3.00 annualized dividend and a yield of 1.28%. This is an increase from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s dividend payout ratio is presently 19.50%.

Anthem declared that its board has approved a stock buyback program 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. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Anthem news, EVP Gloria M. Mccarthy sold 14,429 shares of the 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 transaction, the executive vice president now directly owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Swedish sold 64,403 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $244.37, for a total transaction of $15,738,161.11. Following the transaction, the insider now directly owns 84,346 shares in the company, valued at $20,611,632.02. The disclosure for this sale can be found here. Insiders have sold 167,457 shares of company stock worth $39,862,398 over the last three months. Company insiders own 0.36% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Calton & Associates Inc. bought a new stake in Anthem during the fourth quarter valued at about $100,000. Icon Wealth Partners LLC bought a new stake in Anthem during the fourth quarter valued at about $126,000. First Interstate Bank boosted its holdings 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. Bartlett & Co. LLC boosted its holdings 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. Finally, Wealthcare Advisory Partners LLC bought a new stake in Anthem during the third quarter valued at about $154,000. 85.30% of the stock is currently owned by hedge funds and other institutional investors.

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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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