Glenmede Trust Co. NA lessened its holdings in shares of Anthem Inc (NYSE:ANTM) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,777 shares of the company’s stock after selling 7,855 shares during the period. Glenmede Trust Co. NA owned about 0.10% of Anthem worth $56,426,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Creative Planning boosted its position in shares of Anthem by 6.2% during the fourth quarter. Creative Planning now owns 17,689 shares of the company’s stock valued at $3,980,000 after buying an additional 1,030 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Anthem by 15.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock valued at $1,561,000 after acquiring an additional 1,109 shares in the last quarter. Laurel Wealth Advisors Inc. bought a new stake in shares of Anthem during the third quarter valued at approximately $295,000. Wells Fargo & Company MN raised its stake in shares of Anthem by 20.2% during the third quarter. Wells Fargo & Company MN now owns 845,634 shares of the company’s stock valued at $160,569,000 after acquiring an additional 142,007 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Anthem during the third quarter valued at approximately $418,000. Institutional investors and hedge funds own 88.33% of the company’s stock.
ANTM has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Credit Suisse Group reaffirmed an “outperform” rating and set a $280.00 price target (up previously from $255.00) on shares of Anthem 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 Sunday, December 31st. Finally, Bank of America lifted their price target 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. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $236.20.
Anthem Inc (ANTM) opened at $228.11 on Friday. The company has a market cap of $58,816.04, a P/E ratio of 15.89, a P/E/G ratio of 1.33 and a beta of 0.87. Anthem Inc has a 12 month low of $158.66 and a 12 month high of $267.95. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.66.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $22.45 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 earnings per share. analysts forecast that Anthem Inc will post 15.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid 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 yield of 1.32%. Anthem’s payout ratio is 20.89%.
Anthem declared that its Board of Directors has initiated a share repurchase 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 an indication that the company’s management believes its stock is undervalued.
In other news, insider Joseph Swedish sold 64,403 shares of the company’s 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 of the company’s stock, valued at $20,611,632.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John E. Gallina sold 24,576 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $229.81, for a total value of $5,647,810.56. Following the transaction, the chief financial officer now directly owns 22,139 shares in the company, valued at $5,087,763.59. The disclosure for this sale can be found here. Insiders sold 221,175 shares of company stock valued at $52,201,832 in the last three months. 0.36% of the stock is currently owned by insiders.
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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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