Anthem Inc (ANTM) Stake Decreased by Swiss National Bank
Swiss National Bank lessened its holdings in shares of Anthem Inc (NYSE:ANTM) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,033,341 shares of the company’s stock after selling 4,700 shares during the quarter. Swiss National Bank’s holdings in Anthem were worth $232,512,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds 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 approximately $100,000. First Interstate Bank raised its holdings in Anthem by 1,910.7% during the third quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after purchasing an additional 535 shares in the last quarter. Bartlett & Co. LLC raised its holdings in Anthem by 50.5% during the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after purchasing an additional 264 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Anthem during the third quarter worth approximately $154,000. Finally, Krilogy Financial LLC bought a new stake in Anthem during the second quarter worth approximately $160,000. 87.41% of the stock is currently owned by institutional investors.
In other Anthem news, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the transaction, the executive vice president now directly owns 30,667 shares in the company, valued at approximately $7,043,596.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph Swedish sold 64,403 shares of Anthem stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $244.37, for a total transaction of $15,738,161.11. Following the transaction, the insider now owns 84,346 shares in the company, valued at $20,611,632.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,457 shares of company stock worth $39,862,398. 0.36% of the stock is currently owned by company insiders.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The firm had revenue of $22.45 billion for the quarter, compared to analyst estimates of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 earnings per share. equities analysts forecast that Anthem Inc will post 15.09 EPS for the current year.
Anthem declared that its board has authorized a stock repurchase program on Thursday, December 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.75 dividend. This is a positive change from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 annualized dividend and a yield of 1.29%. Anthem’s payout ratio is 19.50%.
Several equities research analysts recently commented on ANTM shares. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. B. Riley reissued a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Bank of America boosted their target price on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a report on Friday, November 17th. BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $220.00 target price on shares of Anthem in a report on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $230.80.
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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