Anthem Inc (ANTM) Shares Sold by Suntrust Banks Inc.

Suntrust Banks Inc. lowered its holdings in Anthem Inc (NYSE:ANTM) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,137 shares of the company’s stock after selling 1,657 shares during the period. Suntrust Banks Inc.’s holdings in Anthem were worth $8,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FineMark National Bank & Trust lifted its holdings in Anthem by 8.3% in the 4th quarter. FineMark National Bank & Trust now owns 2,933 shares of the company’s stock worth $660,000 after buying an additional 225 shares during the period. Dowling & Yahnke LLC lifted its holdings in Anthem by 3.3% in the 4th quarter. Dowling & Yahnke LLC now owns 7,445 shares of the company’s stock worth $1,675,000 after buying an additional 241 shares during the period. Commerce Bank lifted its holdings in Anthem by 2.0% in the 3rd quarter. Commerce Bank now owns 12,330 shares of the company’s stock worth $2,341,000 after buying an additional 242 shares during the period. Global X Management Co. LLC lifted its holdings in Anthem by 3.8% in the 4th quarter. Global X Management Co. LLC now owns 7,181 shares of the company’s stock worth $1,616,000 after buying an additional 263 shares during the period. Finally, Bartlett & Co. LLC lifted its holdings 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 buying an additional 264 shares during the period. Institutional investors and hedge funds own 85.30% of the company’s stock.

In related news, insider Joseph Swedish sold 67,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $235.87, for a total transaction of $15,921,225.00. Following the completion of the transaction, the insider now owns 134,043 shares of the company’s stock, valued at approximately $31,616,722.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the firm’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 value 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 approximately $7,043,596.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,457 shares of company stock valued at $39,862,398. 0.36% of the stock is owned by corporate insiders.

Anthem Inc (ANTM) opened at $233.68 on Friday. The company has a market capitalization of $59,335.15, a P/E ratio of 16.27, a PEG ratio of 1.34 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.51. Anthem Inc has a one year low of $158.66 and a one year high of $267.95.

Anthem (NYSE:ANTM) last released its 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. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The company had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter last year, the business posted $1.76 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. analysts expect that Anthem Inc will post 15.09 earnings per share for the current year.

Anthem declared that its board has authorized a share buyback plan on Thursday, December 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, March 8th. This is a positive change from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio (DPR) is 19.50%.

Several equities research analysts have weighed in on the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $275.00 price objective on shares of Anthem in a report on Friday, January 19th. Cowen reiterated a “buy” rating and issued a $280.00 price objective on shares of Anthem in a report on Wednesday, January 31st. Wells Fargo & Co increased their price objective on Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley increased their price objective on Anthem from $247.00 to $266.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $230.80.

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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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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