Driehaus Capital Management LLC purchased a new stake in shares of Anthem Inc (NYSE:ANTM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,189 shares of the company’s stock, valued at approximately $268,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Calton & Associates Inc. bought a new stake in shares of Anthem during the 4th quarter valued at $100,000. Icon Wealth Partners LLC bought a new stake in shares of Anthem during the 4th quarter valued at $126,000. First Interstate Bank raised its stake in shares of Anthem by 1,910.7% during the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after purchasing an additional 535 shares during the period. Bartlett & Co. LLC increased its stake 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 acquiring an additional 264 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in Anthem in the 3rd quarter worth about $154,000. 88.28% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the company. Wells Fargo upped their target price on Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Morgan Stanley upped their target price on Anthem from $247.00 to $266.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Cowen restated a “buy” rating and issued a $280.00 target price on shares of Anthem in a research note on Wednesday, January 31st. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $275.00 target price on shares of Anthem in a research note on Friday, January 19th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $236.20.
In related news, CFO John E. Gallina sold 24,576 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $229.81, for a total transaction of $5,647,810.56. Following the completion of the sale, the chief financial officer now directly owns 22,139 shares in the company, valued at approximately $5,087,763.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Swedish sold 67,500 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $235.87, for a total value of $15,921,225.00. Following the sale, the insider now owns 134,043 shares of the company’s stock, valued at $31,616,722.41. The disclosure for this sale can be found here. Insiders have sold a total of 206,746 shares of company stock valued at $48,887,779 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
Shares of Anthem stock traded down $5.95 during trading on Friday, hitting $224.78. 1,786,025 shares of the stock traded hands, compared to its average volume of 1,491,577. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $57,481.19, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Anthem Inc has a 52 week low of $164.65 and a 52 week high of $267.95.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $22.45 billion for the quarter, compared to analyst estimates of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.76 EPS. analysts predict that Anthem Inc will post 15.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, March 8th. This is a boost from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.33%. Anthem’s dividend payout ratio is currently 24.92%.
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Anthem Company Profile
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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