Fairhaven Wealth Management LLC lowered its position in Anthem Inc (NYSE:ANTM) by 7.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,114 shares of the company’s stock after selling 86 shares during the period. Fairhaven Wealth Management LLC’s holdings in Anthem were worth $320,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of ANTM. Oregon Public Employees Retirement Fund lifted its position in shares of Anthem by 24,845.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,122,063 shares of the company’s stock valued at $103,000 after acquiring an additional 27,013,337 shares during the period. Vanguard Group Inc lifted its position in shares of Anthem by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 18,729,474 shares of the company’s stock valued at $5,132,811,000 after acquiring an additional 532,579 shares during the period. Geode Capital Management LLC lifted its position in shares of Anthem by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 3,387,625 shares of the company’s stock valued at $888,145,000 after acquiring an additional 273,738 shares during the period. Northern Trust Corp lifted its position in shares of Anthem by 2.7% during the 4th quarter. Northern Trust Corp now owns 3,064,663 shares of the company’s stock valued at $804,872,000 after acquiring an additional 80,758 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Anthem by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,955,527 shares of the company’s stock valued at $776,161,000 after acquiring an additional 13,088 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.
In other news, EVP Gloria M. Mccarthy sold 7,701 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $303.73, for a total value of $2,339,024.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gloria M. Mccarthy sold 7,700 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $302.98, for a total transaction of $2,332,946.00. Following the completion of the sale, the executive vice president now owns 46,456 shares of the company’s stock, valued at approximately $14,075,238.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,901 shares of company stock valued at $4,821,846. Company insiders own 0.17% of the company’s stock.
ANTM opened at $239.62 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.56 and a current ratio of 1.56. Anthem Inc has a 1-year low of $219.96 and a 1-year high of $317.99. The firm has a market cap of $61.64 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, January 30th. The company reported $2.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The firm had revenue of $23.30 billion for the quarter, compared to the consensus estimate of $23.27 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Anthem Inc will post 19.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.80 dividend. This is a positive change from Anthem’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 15th. This represents a $3.20 annualized dividend and a dividend yield of 1.34%. Anthem’s dividend payout ratio is presently 20.14%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Anthem from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $346.00 price objective (up previously from $318.00) on shares of Anthem in a report on Thursday, January 31st. Barclays lowered their price objective on shares of Anthem from $338.00 to $316.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, SunTrust Banks upped their price objective on shares of Anthem to $340.00 in a report on Thursday, January 31st. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $330.60.
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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.
Further Reading: Strike Price
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