DnB Asset Management AS lessened its position in Anthem Inc (NYSE:ANTM) by 40.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,450 shares of the company’s stock after selling 56,900 shares during the quarter. DnB Asset Management AS’s holdings in Anthem were worth $18,777,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oak Point Wealth Management purchased a new position in Anthem during the fourth quarter valued at $763,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Anthem during the fourth quarter valued at $878,000. Washington Trust Bank raised its stake in Anthem by 5.6% during the fourth quarter. Washington Trust Bank now owns 33,212 shares of the company’s stock valued at $7,473,000 after buying an additional 1,749 shares during the last quarter. Prudential Financial Inc. raised its stake in Anthem by 23.8% during the third quarter. Prudential Financial Inc. now owns 1,254,746 shares of the company’s stock valued at $238,251,000 after buying an additional 240,844 shares during the last quarter. Finally, Atlantic Trust Group LLC purchased a new position in Anthem during the third quarter valued at $88,799,000. Institutional investors own 87.41% of the company’s stock.
Shares of Anthem Inc (ANTM) opened at $249.15 on Thursday. Anthem Inc has a fifty-two week low of $144.44 and a fifty-two week high of $250.04. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $63,970.00, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.70 and a beta of 0.79.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. Anthem’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts expect that Anthem Inc will post 11.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th were given a $0.70 dividend. The ex-dividend date was Monday, December 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.12%. Anthem’s payout ratio is 25.32%.
Anthem announced that its board has approved a share repurchase program on Thursday, December 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
A number of research analysts have issued reports on ANTM shares. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Cantor Fitzgerald restated a “buy” rating and issued a $220.00 price target on shares of Anthem in a research note on Wednesday, October 25th. Cowen restated a “buy” rating and issued a $160.00 price target on shares of Anthem in a research note on Thursday, September 21st. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a research note on Wednesday, September 20th. Finally, Bank of America boosted their price target on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $205.60.
In related news, Director Julie A. Hill sold 1,602 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $215.70, for a total value of $345,551.40. Following the sale, the director now directly owns 35,322 shares in the company, valued at $7,618,955.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joseph Swedish sold 21,125 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $231.43, for a total value of $4,888,958.75. Following the completion of the sale, the chairman now owns 87,668 shares in the company, valued at $20,289,005.24. The disclosure for this sale can be found here. Insiders sold 126,759 shares of company stock worth $29,115,506 over the last 90 days. Company insiders own 0.36% of the company’s stock.
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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