Pensionfund Sabic acquired a new position in Anthem Inc (NYSE:ANTM) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,000 shares of the company’s stock, valued at approximately $2,009,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC bought a new stake in Anthem in the fourth quarter valued at about $28,000. Laurel Wealth Advisors LLC acquired a new position in Anthem in the fourth quarter valued at about $36,000. Athena Capital Advisors LLC acquired a new position in Anthem in the fourth quarter valued at about $39,000. Semmax Financial Advisors Inc. acquired a new position in Anthem in the fourth quarter valued at about $42,000. Finally, Financial Gravity Companies Inc. acquired a new position in Anthem in the fourth quarter valued at about $49,000. 89.09% of the stock is owned by hedge funds and other institutional investors.
ANTM has been the topic of a number of recent analyst reports. Stephens initiated coverage on shares of Anthem in a research report on Monday, January 14th. They issued an “overweight” rating and a $310.00 price target on the stock. Barclays restated a “buy” rating and issued a $282.00 price target on shares of Anthem in a research report on Sunday, January 6th. UBS Group began coverage on shares of Anthem in a research report on Tuesday. They issued a “buy” rating and a $294.00 price target on the stock. Evercore ISI upgraded shares of Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 target price on the stock in a research report on Thursday, January 3rd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $344.00 target price (up from $330.00) on shares of Anthem in a research report on Thursday, January 31st. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Anthem currently has a consensus rating of “Buy” and an average target price of $330.19.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $23.27 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that Anthem Inc will post 19.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.80 per share. This is an increase 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 1.28%. Anthem’s dividend payout ratio is currently 20.14%.
In related news, EVP Gloria M. Mccarthy sold 7,701 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $303.73, for a total transaction of $2,339,024.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julie A. Hill sold 500 shares of the stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $299.75, for a total transaction of $149,875.00. The disclosure for this sale can be found here. Insiders have sold 15,901 shares of company stock valued at $4,821,846 in the last three months. 0.17% of the stock is owned by insiders.
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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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