Traders sold shares of Anthem Inc (NYSE:ANTM) on strength during trading hours on Friday after an insider sold shares in the company. $73.90 million flowed into the stock on the tick-up and $175.55 million flowed out of the stock on the tick-down, for a money net flow of $101.65 million out of the stock. Of all stocks tracked, Anthem had the 7th highest net out-flow for the day. Anthem traded up $4.01 for the day and closed at $232.80Specifically, EVP Gloria M. Mccarthy sold 14,429 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the sale, the executive vice president now directly owns 30,667 shares in the company, valued at $7,043,596.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Ronald W. Penczek sold 1,966 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $231.90, for a total value of $455,915.40. Following the completion of the sale, the senior vice president now owns 2,132 shares of the company’s stock, valued at $494,410.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,720 shares of company stock valued at $47,512,932. 0.36% of the stock is owned by corporate insiders.
ANTM has been the subject of several research analyst reports. Cowen reiterated a “buy” rating and set a $280.00 target price on shares of Anthem in a research report on Wednesday, January 31st. Cantor Fitzgerald reiterated a “buy” rating and set a $275.00 target price on shares of Anthem in a research report on Friday, January 19th. Jefferies Group upgraded Anthem from a “hold” rating to a “buy” rating and decreased their target price for the stock from $235.00 to $211.00 in a research report on Friday, January 12th. Royal Bank of Canada reiterated a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Finally, ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $233.25.
The stock has a market cap of $59,530.00, a P/E ratio of 22.91, a P/E/G ratio of 1.33 and a beta of 0.87. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.66.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $22.45 billion for the quarter, compared to analyst estimates of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. analysts forecast that Anthem Inc will post 15.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, March 8th. This represents a $3.00 annualized dividend and a dividend yield of 1.29%. This is a positive change from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio (DPR) is currently 27.56%.
Anthem declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
Institutional investors have recently made changes to their positions in the company. Viking Global Investors LP grew its stake in Anthem by 190.5% in the fourth quarter. Viking Global Investors LP now owns 2,537,576 shares of the company’s stock valued at $570,980,000 after purchasing an additional 1,664,112 shares during the last quarter. Allianz Asset Management GmbH grew its stake in Anthem by 66.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,603,619 shares of the company’s stock valued at $360,830,000 after purchasing an additional 637,439 shares during the last quarter. Farallon Capital Management LLC grew its stake in Anthem by 291.9% in the fourth quarter. Farallon Capital Management LLC now owns 823,000 shares of the company’s stock valued at $185,183,000 after purchasing an additional 613,000 shares during the last quarter. Atlantic Trust Group LLC purchased a new position in Anthem in the third quarter valued at about $88,799,000. Finally, Vulcan Value Partners LLC grew its stake in Anthem by 52.1% in the fourth quarter. Vulcan Value Partners LLC now owns 1,327,283 shares of the company’s stock valued at $298,652,000 after purchasing an additional 454,892 shares during the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.
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Anthem Company Profile
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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