Sterling Investment Management Inc. Grows Position in Anthem Inc (ANTM)
Sterling Investment Management Inc. lifted its holdings in Anthem Inc (NYSE:ANTM) by 8.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,712 shares of the company’s stock after acquiring an additional 854 shares during the period. Anthem makes up approximately 2.6% of Sterling Investment Management Inc.’s investment portfolio, making the stock its 11th largest position. Sterling Investment Management Inc.’s holdings in Anthem were worth $2,410,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ANTM. First Interstate Bank grew its stake in shares of Anthem by 1,910.7% in the third quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after acquiring an additional 535 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after acquiring an additional 10 shares in the last quarter. Harding Loevner LP acquired a new position in shares of Anthem in the second quarter valued at about $151,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Anthem in the third quarter valued at about $154,000. Finally, Krilogy Financial LLC acquired a new position in shares of Anthem in the second quarter valued at about $160,000. Institutional investors and hedge funds own 87.41% of the company’s stock.
In other news, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the transaction, the executive vice president now owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Swedish sold 67,500 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $235.87, for a total transaction of $15,921,225.00. Following the completion of the transaction, the insider now directly owns 134,043 shares of the company’s stock, valued at approximately $31,616,722.41. The disclosure for this sale can be found here. Insiders sold 126,759 shares of company stock valued at $29,115,506 in the last three months. Company insiders own 0.36% of the company’s stock.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.25. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.45 earnings per share. equities research analysts forecast that Anthem Inc will post 11.97 EPS for the current fiscal year.
Anthem declared that its board has initiated a stock buyback plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.12%. Anthem’s dividend payout ratio (DPR) is currently 25.32%.
Several equities research analysts recently weighed in on the stock. Jefferies Group raised shares of Anthem from a “hold” rating to a “buy” rating and cut their price objective for the stock from $235.00 to $211.00 in a research report on Friday, January 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Piper Jaffray Companies raised shares of Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 price objective for the company in a research report on Wednesday, January 3rd. Goldman Sachs Group assumed coverage on shares of Anthem in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $243.00 price objective for the company. Finally, Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a research report on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $205.60.
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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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