Sandy Spring Bank increased its holdings in shares of Anthem Inc (NYSE:ANTM) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,291 shares of the company’s stock after purchasing an additional 219 shares during the period. Sandy Spring Bank’s holdings in Anthem were worth $4,921,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in ANTM. Sonora Investment Management LLC acquired a new stake in Anthem in the 4th quarter valued at approximately $30,000. CFM Wealth Partners LLC acquired a new stake in Anthem in the 4th quarter valued at approximately $31,000. Horan Capital Advisors LLC. acquired a new stake in Anthem in the 3rd quarter valued at approximately $43,000. Penserra Capital Management LLC acquired a new stake in Anthem in the 3rd quarter valued at approximately $48,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in Anthem in the 3rd quarter valued at approximately $49,000. Institutional investors and hedge funds own 88.27% of the company’s stock.
Shares of NYSE:ANTM traded down $1.09 during trading on Friday, hitting $297.78. 124,698 shares of the company were exchanged, compared to its average volume of 1,677,049. The stock has a market cap of $70.12 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 0.87 and a beta of 0.84. Anthem Inc has a fifty-two week low of $227.16 and a fifty-two week high of $317.99. The firm has a fifty day moving average price of $293.87 and a two-hundred day moving average price of $276.50. The company has a current ratio of 1.65, a quick ratio of 1.70 and a debt-to-equity ratio of 0.56.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $3.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.02). The company had revenue of $27.13 billion for the quarter, compared to analyst estimates of $27.06 billion. Anthem had a return on equity of 16.34% and a net margin of 4.61%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $2.44 EPS. As a group, research analysts predict that Anthem Inc will post 22.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be given a dividend of $0.95 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.80. The ex-dividend date is Friday, March 13th. This represents a $3.80 annualized dividend and a dividend yield of 1.28%. Anthem’s payout ratio is 16.46%.
In other Anthem news, CEO Gail Boudreaux bought 7,600 shares of Anthem stock in a transaction dated Thursday, January 30th. The stock was bought at an average cost of $266.65 per share, for a total transaction of $2,026,540.00. Following the purchase, the chief executive officer now owns 24,556 shares of the company’s stock, valued at approximately $6,547,857.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Zielinski sold 10,600 shares of Anthem stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $288.33, for a total value of $3,056,298.00. Following the transaction, the executive vice president now owns 35,247 shares of the company’s stock, valued at $10,162,767.51. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on ANTM shares. Morgan Stanley dropped their target price on Anthem from $382.00 to $374.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Anthem from $322.00 to $391.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Deutsche Bank dropped their target price on Anthem from $319.00 to $314.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Mizuho started coverage on Anthem in a research report on Thursday, October 17th. They issued a “neutral” rating and a $262.00 target price on the stock. Finally, Stephens dropped their target price on Anthem from $345.00 to $330.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $325.77.
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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