Meeder Asset Management Inc. decreased its position in shares of Anthem Inc (NYSE:ANTM) by 94.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,648 shares of the company’s stock after selling 26,551 shares during the quarter. Meeder Asset Management Inc.’s holdings in Anthem were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Anthem in the third quarter worth approximately $108,000. Legacy Advisors LLC purchased a new stake in Anthem in the third quarter worth approximately $113,000. Flagship Harbor Advisors LLC purchased a new stake in Anthem in the second quarter worth approximately $120,000. JNBA Financial Advisors purchased a new stake in Anthem in the third quarter worth approximately $134,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in Anthem in the third quarter worth approximately $140,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
ANTM opened at $287.06 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.54 and a current ratio of 1.53. Anthem Inc has a 1-year low of $214.95 and a 1-year high of $290.84. The company has a market capitalization of $74.33 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.47 and a beta of 0.86.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $22.85 billion. During the same period last year, the firm earned $2.65 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Anthem Inc will post 15.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, December 5th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $3.00 annualized dividend and a yield of 1.05%. Anthem’s payout ratio is presently 24.92%.
In other Anthem news, CAO Ronald W. Penczek sold 763 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $265.56, for a total value of $202,622.28. Following the transaction, the chief accounting officer now directly owns 1,334 shares in the company, valued at $354,257.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julie A. Hill sold 500 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $287.25, for a total transaction of $143,625.00. Following the completion of the transaction, the director now owns 34,327 shares in the company, valued at $9,860,430.75. The disclosure for this sale can be found here. Insiders sold 23,773 shares of company stock worth $6,554,741 over the last quarter. Insiders own 0.31% of the company’s stock.
Several equities research analysts recently issued reports on ANTM shares. SunTrust Banks raised their target price on shares of Anthem to $315.00 and gave the stock a “hold” rating in a report on Thursday, November 1st. Morgan Stanley raised their target price on shares of Anthem from $368.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, November 1st. Cowen started coverage on shares of Anthem in a report on Monday, September 17th. They issued an “outperform” rating and a $318.00 target price on the stock. Citigroup cut shares of Anthem from a “buy” rating to a “neutral” rating and set a $162.00 target price on the stock. in a report on Monday, September 10th. Finally, Royal Bank of Canada raised their target price on shares of Anthem to $318.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $292.19.
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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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