Anthem Inc (ANTM) Shares Bought by Sei Investments Co.
Sei Investments Co. raised its stake in Anthem Inc (NYSE:ANTM) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,675 shares of the company’s stock after buying an additional 13,712 shares during the period. Sei Investments Co.’s holdings in Anthem were worth $52,839,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Gofen & Glossberg LLC IL grew its holdings in shares of Anthem by 0.6% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock valued at $478,000 after purchasing an additional 15 shares during the last quarter. FineMark National Bank & Trust grew its holdings in shares of Anthem by 8.3% during the 4th quarter. FineMark National Bank & Trust now owns 2,933 shares of the company’s stock valued at $660,000 after purchasing an additional 225 shares during the last quarter. Dowling & Yahnke LLC grew its holdings in shares of Anthem by 3.3% during the 4th quarter. Dowling & Yahnke LLC now owns 7,445 shares of the company’s stock valued at $1,675,000 after purchasing an additional 241 shares during the last quarter. Commerce Bank grew its holdings in shares of Anthem by 2.0% during the 3rd quarter. Commerce Bank now owns 12,330 shares of the company’s stock valued at $2,341,000 after purchasing an additional 242 shares during the last quarter. Finally, Bartlett & Co. LLC grew its holdings in shares of Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after purchasing an additional 264 shares during the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Joseph Swedish sold 64,403 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $244.37, for a total value of $15,738,161.11. Following the completion of the sale, the insider now directly owns 84,346 shares of the company’s stock, valued at approximately $20,611,632.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the firm’s 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 of the company’s stock, valued at $7,043,596.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 167,457 shares of company stock valued at $39,862,398. Corporate insiders own 0.36% of the company’s stock.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The business had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.76 EPS. equities research analysts expect that Anthem Inc will post 15.09 earnings per share for the current fiscal year.
Anthem announced that its board has approved a stock buyback program on Thursday, December 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The company 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 dividend of $0.75 per share. The ex-dividend date is Thursday, March 8th. This represents a $3.00 annualized dividend and a yield of 1.29%. This is a boost from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio is presently 19.50%.
ANTM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Morgan Stanley increased their target price on shares of Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Bank of America increased their target price on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a report on Friday, November 17th. Finally, ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target 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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