Anthem Inc. (ANTM) Shares Sold by Sandy Spring Bank
Sandy Spring Bank reduced its stake in Anthem Inc. (NYSE:ANTM) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,134 shares of the company’s stock after selling 237 shares during the period. Sandy Spring Bank’s holdings in Anthem were worth $2,022,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Anthem by 2.5% in the second quarter. Vanguard Group Inc. now owns 15,991,354 shares of the company’s stock worth $2,100,304,000 after buying an additional 386,213 shares in the last quarter. FMR LLC boosted its position in shares of Anthem by 9.3% in the second quarter. FMR LLC now owns 9,033,602 shares of the company’s stock worth $1,186,473,000 after buying an additional 770,894 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Anthem by 18.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,575,511 shares of the company’s stock worth $1,126,308,000 after buying an additional 1,306,670 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Anthem by 9.8% in the third quarter. Nordea Investment Management AB now owns 7,051,576 shares of the company’s stock worth $883,633,000 after buying an additional 630,598 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of Anthem by 2.2% in the second quarter. BlackRock Advisors LLC now owns 4,075,876 shares of the company’s stock worth $535,325,000 after buying an additional 86,959 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of Anthem Inc. (NYSE:ANTM) traded up 1.42% during midday trading on Tuesday, reaching $145.28. The company had a trading volume of 1,999,567 shares. Anthem Inc. has a 52 week low of $114.85 and a 52 week high of $148.00. The firm has a market capitalization of $38.27 billion, a price-to-earnings ratio of 17.05 and a beta of 0.57. The stock has a 50-day moving average of $128.22 and a 200 day moving average of $129.31.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.47 by $0.02. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.77 billion. Anthem had a return on equity of 11.64% and a net margin of 2.74%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.73 EPS. On average, analysts anticipate that Anthem Inc. will post $10.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Monday, December 5th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 1st. Anthem’s payout ratio is 30.52%.
A number of research analysts have recently commented on ANTM shares. Wells Fargo & Co. raised Anthem from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 15th. Zacks Investment Research upgraded Anthem from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Jefferies Group lowered Anthem from a “buy” rating to a “hold” rating and decreased their price objective for the company from $156.00 to $138.00 in a research note on Tuesday, September 13th. Evercore ISI initiated coverage on Anthem in a research note on Thursday, September 22nd. They set a “hold” rating and a $133.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered Anthem from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $154.00 to $132.00 in a research note on Monday, October 17th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Anthem currently has an average rating of “Buy” and an average price target of $158.39.
In related news, insider Joseph Swedish sold 24,513 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $131.48, for a total value of $3,222,969.24. Following the transaction, the insider now owns 87,381 shares in the company, valued at $11,488,853.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ronald W. Penczek sold 820 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $138.29, for a total value of $113,397.80. Following the completion of the transaction, the senior vice president now owns 1,320 shares in the company, valued at approximately $182,542.80. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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