Anthem Inc (ANTM) Holdings Trimmed by Teacher Retirement System of Texas
Teacher Retirement System of Texas cut its holdings in shares of Anthem Inc (NYSE:ANTM) by 9.7% in the 4th quarter, Holdings Channel reports. The firm owned 179,704 shares of the company’s stock after selling 19,211 shares during the period. Teacher Retirement System of Texas’ holdings in Anthem were worth $40,435,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Calton & Associates Inc. bought a new stake in Anthem during the fourth quarter worth $100,000. First Interstate Bank lifted its stake in shares of Anthem by 1,910.7% in the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after acquiring an additional 535 shares during the last quarter. Bartlett & Co. LLC lifted its stake in shares of Anthem by 50.5% in the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after acquiring an additional 264 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Anthem in the 3rd quarter valued at $154,000. Finally, Krilogy Financial LLC bought a new position in shares of Anthem in the 2nd quarter valued at $160,000. Hedge funds and other institutional investors own 87.41% of the company’s stock.
Shares of Anthem Inc (NYSE:ANTM) opened at $238.44 on Thursday. The firm has a market capitalization of $60,295.07, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.35 and a beta of 0.83. Anthem Inc has a 1-year low of $156.81 and a 1-year high of $267.95. The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 0.66.
Anthem announced that its Board of Directors has authorized a share buyback program on Thursday, December 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.26%. This is an increase from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s dividend payout ratio is presently 19.50%.
In other Anthem news, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $229.68, for a total transaction 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 approximately $7,043,596.56. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $15,921,225.00. Following the sale, the insider now owns 134,043 shares of the company’s stock, valued at $31,616,722.41. The disclosure for this sale can be found here. Insiders sold 167,457 shares of company stock valued at $39,862,398 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
A number of brokerages have recently commented on ANTM. Morgan Stanley increased their price target on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Cantor Fitzgerald reiterated a “buy” rating and issued a $275.00 price target on shares of Anthem in a research note on Friday, January 19th. Wells Fargo & Co increased their price target on Anthem from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $230.80.
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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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