MML Investors Services LLC lifted its stake in shares of Anthem Inc (NYSE:ANTM) by 60.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,312 shares of the company’s stock after acquiring an additional 1,992 shares during the quarter. MML Investors Services LLC’s holdings in Anthem were worth $1,195,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of ANTM. Amundi Pioneer Asset Management Inc. boosted its holdings in Anthem by 1,124.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 219,061 shares of the company’s stock worth $49,290,000 after buying an additional 201,168 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Anthem by 3.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,916,546 shares of the company’s stock worth $431,242,000 after purchasing an additional 68,295 shares during the period. Lombard Odier Asset Management Switzerland SA boosted its stake in Anthem by 416.4% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 94,936 shares of the company’s stock worth $21,362,000 after purchasing an additional 76,553 shares during the period. Bogle Investment Management L P DE acquired a new position in Anthem in the 4th quarter worth approximately $6,332,000. Finally, Tiger Eye Capital LLC acquired a new position in Anthem in the 4th quarter worth approximately $429,000. Institutional investors and hedge funds own 88.33% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Barclays assumed coverage on shares of Anthem in a research note on Thursday, March 8th. They set an “overweight” rating and a $270.00 target price for the company. Royal Bank of Canada reissued a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Wells Fargo & Co lifted their target price on shares of Anthem from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Credit Suisse Group reissued an “outperform” rating and set a $280.00 target price (up previously from $255.00) on shares of Anthem in a research note on Thursday, February 1st. Finally, Piper Jaffray Companies raised shares of Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 target price for the company in a research note on Wednesday, January 3rd. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $233.25.
In other news, SVP Ronald W. Penczek sold 1,966 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $231.90, for a total transaction of $455,915.40. Following the transaction, the senior vice president now owns 2,132 shares in the company, valued at approximately $494,410.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph Swedish sold 67,500 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $235.87, for a total transaction of $15,921,225.00. Following 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 have sold a total of 200,720 shares of company stock worth $47,512,932 in the last 90 days. 0.36% of the stock is owned by insiders.
Anthem Inc (ANTM) opened at $229.86 on Tuesday. The firm has a market cap of $59,532.06, a price-to-earnings ratio of 16.01, a PEG ratio of 1.34 and a beta of 0.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.55 and a current ratio of 1.55. Anthem Inc has a twelve month low of $158.66 and a twelve month high of $267.95.
Anthem (NYSE:ANTM) last released its quarterly 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 business 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%. Anthem’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. sell-side analysts forecast that Anthem Inc will post 15.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.31%. This is an increase from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio (DPR) is currently 20.89%.
Anthem declared that its Board of Directors has approved a stock 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 often a sign that the company’s board of directors believes its stock is undervalued.
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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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