Proffitt & Goodson Inc. lowered its stake in shares of Anthem Inc (NYSE:ANTM) by 80.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 925 shares of the company’s stock after selling 3,803 shares during the period. Proffitt & Goodson Inc.’s holdings in Anthem were worth $265,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in Anthem by 20.2% in the 4th quarter. Proficio Capital Partners LLC now owns 196 shares of the company’s stock valued at $51,000 after buying an additional 33 shares in the last quarter. ClariVest Asset Management LLC grew its holdings in Anthem by 7.2% in the 4th quarter. ClariVest Asset Management LLC now owns 642 shares of the company’s stock valued at $169,000 after buying an additional 43 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Anthem by 3.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,366 shares of the company’s stock valued at $359,000 after buying an additional 49 shares in the last quarter. First Bank & Trust grew its holdings in Anthem by 16.1% in the 4th quarter. First Bank & Trust now owns 361 shares of the company’s stock valued at $95,000 after buying an additional 50 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in Anthem by 6.6% in the 1st quarter. Foundations Investment Advisors LLC now owns 810 shares of the company’s stock valued at $232,000 after buying an additional 50 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.
In other Anthem news, EVP Gloria M. Mccarthy sold 7,701 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $303.73, for a total value of $2,339,024.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by company insiders.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, April 24th. The company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.86 by $0.17. The business had revenue of $24.39 billion for the quarter, compared to analyst estimates of $24.31 billion. Anthem had a return on equity of 14.99% and a net margin of 4.23%. Anthem’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $5.41 earnings per share. Equities analysts predict that Anthem Inc will post 19.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.20 annualized dividend and a yield of 1.19%. Anthem’s dividend payout ratio is presently 20.14%.
ANTM has been the topic of a number of research reports. SunTrust Banks upped their price objective on Anthem to $340.00 in a report on Thursday, January 31st. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Argus initiated coverage on Anthem in a report on Thursday, January 24th. They issued a “buy” rating and a $333.00 price objective on the stock. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $333.00 price objective on the stock in a report on Friday, February 1st. Finally, Barclays set a $338.00 target price on Anthem and gave the stock a “buy” rating in a report on Friday, March 8th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $327.53.
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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