Benedict Financial Advisors Inc. reduced its position in shares of Anthem Inc (NYSE:ANTM) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,975 shares of the company’s stock after selling 438 shares during the period. Anthem accounts for approximately 1.3% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 27th largest position. Benedict Financial Advisors Inc.’s holdings in Anthem were worth $3,008,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Anthem in the third quarter worth about $108,000. Legacy Advisors LLC bought a new position in Anthem in the third quarter worth about $113,000. Flagship Harbor Advisors LLC bought a new position in Anthem in the second quarter worth about $120,000. JNBA Financial Advisors bought a new position in Anthem in the third quarter worth about $134,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in Anthem in the third quarter worth about $140,000. Institutional investors own 86.81% of the company’s stock.
A number of equities analysts recently issued reports on ANTM shares. Cantor Fitzgerald reissued a “buy” rating and issued a $275.00 price target on shares of Anthem in a research note on Wednesday, July 25th. Morgan Stanley increased their price target on shares of Anthem from $269.00 to $273.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $296.00 target price on shares of Anthem in a research note on Thursday, July 26th. Credit Suisse Group raised their target price on shares of Anthem from $284.00 to $311.00 and gave the company an “outperform” rating in a research note on Tuesday, September 4th. Finally, Citigroup downgraded shares of Anthem from a “buy” rating to a “neutral” rating and set a $162.00 target price for the company. in a research note on Monday, September 10th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Anthem currently has a consensus rating of “Buy” and a consensus price target of $292.19.
Shares of NYSE ANTM opened at $272.01 on Wednesday. Anthem Inc has a fifty-two week low of $213.29 and a fifty-two week high of $283.06. The company has a market cap of $69.32 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.38 and a beta of 0.86. The company has a quick ratio of 1.54, a current ratio of 1.53 and a debt-to-equity ratio of 0.59.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.70 by $0.11. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The business had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $22.85 billion. During the same quarter last year, the firm earned $2.65 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts anticipate that Anthem Inc will post 15.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, December 5th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 4th. Anthem’s dividend payout ratio (DPR) is currently 24.92%.
In related news, CAO Ronald W. Penczek sold 763 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $265.56, for a total transaction of $202,622.28. Following the completion of the sale, the chief accounting officer now owns 1,334 shares of the company’s stock, valued at $354,257.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julie A. Hill sold 248 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $267.01, for a total transaction of $66,218.48. Following the sale, the director now directly owns 34,827 shares of the company’s stock, valued at approximately $9,299,157.27. The disclosure for this sale can be found here. Insiders have sold 15,447 shares of company stock valued at $4,143,846 in the last three months. 0.31% of the stock is owned by insiders.
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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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