Calton & Associates Inc. Purchases New Stake in Anthem Inc (ANTM)
Calton & Associates Inc. purchased a new stake in shares of Anthem Inc (NYSE:ANTM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 400 shares of the company’s stock, valued at approximately $100,000.
Several other hedge funds have also recently modified their holdings of the company. First Interstate Bank boosted its stake in shares of Anthem by 1,910.7% during the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after acquiring an additional 535 shares in the last quarter. Bartlett & Co. LLC boosted its stake in shares of Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after acquiring an additional 264 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Anthem during the 3rd quarter worth $154,000. E&G Advisors LP bought a new stake in shares of Anthem during the 4th quarter worth $203,000. Finally, Verus Financial Partners Inc. bought a new stake in shares of Anthem during the 4th quarter worth $207,000. Institutional investors own 86.67% of the company’s stock.
Shares of Anthem Inc (NYSE:ANTM) opened at $235.02 on Thursday. The company has a market capitalization of $59,940.74, a price-to-earnings ratio of 19.47, a PEG ratio of 1.34 and a beta of 0.83. 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 Inc has a 12-month low of $158.66 and a 12-month high of $267.95.
Anthem announced that its Board of Directors has initiated a stock buyback program on Thursday, December 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
The company 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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.28%. This is a positive change from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. Anthem’s dividend payout ratio (DPR) is currently 19.50%.
In related news, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction on 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 $7,043,596.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph Swedish sold 67,500 shares of the stock in a transaction on 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. Over the last quarter, insiders have sold 167,457 shares of company stock valued at $39,862,398. 0.36% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on ANTM shares. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a research note on Wednesday, January 3rd. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. B. Riley reissued a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Bank of America raised their target price on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Anthem presently has a consensus rating of “Buy” and a consensus target price of $230.80.
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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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