Columbia Partners L L C Investment Management lessened its stake in Anthem Inc (NYSE:ANTM) by 40.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,420 shares of the company’s stock after selling 4,351 shares during the period. Columbia Partners L L C Investment Management’s holdings in Anthem were worth $1,444,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 valued at $660,000 after acquiring an additional 225 shares during the last quarter. 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 valued at $1,675,000 after acquiring an additional 241 shares during the last quarter. 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 valued at $2,341,000 after acquiring an additional 242 shares during the last quarter. 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 valued at $1,616,000 after acquiring an additional 263 shares during the last quarter. 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 valued at $177,000 after acquiring an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 85.30% of the company’s stock.
In related news, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was 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 owns 30,667 shares in the company, valued at $7,043,596.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Swedish sold 67,500 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $235.87, for a total value of $15,921,225.00. Following the completion of the transaction, the insider now owns 134,043 shares in the company, valued at approximately $31,616,722.41. The disclosure for this sale can be found here. Insiders sold a total of 167,457 shares of company stock worth $39,862,398 in the last quarter. 0.36% of the stock is owned by corporate insiders.
A number of research firms have commented on ANTM. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Bank of America upped their price objective on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Credit Suisse Group reaffirmed an “outperform” rating and set a $280.00 price objective (up from $255.00) on shares of Anthem in a research note on Thursday, February 1st. Finally, Jefferies Group raised shares of Anthem from a “hold” rating to a “buy” rating and reduced their price objective for the company from $235.00 to $211.00 in a research note on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $230.80.
Anthem Inc (ANTM) opened at $235.24 on Friday. The firm has a market capitalization of $60,400.00, a PE ratio of 23.15, a PEG ratio of 1.35 and a beta of 0.83. Anthem Inc has a twelve month low of $158.66 and a twelve month high of $267.95. The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 0.66.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 EPS. sell-side analysts forecast that Anthem Inc will post 15.09 earnings per share for the current fiscal year.
Anthem declared that its board has approved a share repurchase program on Thursday, December 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The firm 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 is an increase from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.28%. Anthem’s dividend payout ratio is currently 27.56%.
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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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