Virtu Financial LLC lowered its holdings in shares of Anthem Inc (NYSE:ANTM) by 23.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,644 shares of the company’s stock after selling 494 shares during the quarter. Virtu Financial LLC’s holdings in Anthem were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Anthem by 1,721.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,156 shares of the company’s stock valued at $1,385,000 after purchasing an additional 5,818 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Anthem by 11.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,931,170 shares of the company’s stock valued at $434,533,000 after purchasing an additional 200,330 shares during the last quarter. Bridges Investment Management Inc. purchased a new stake in shares of Anthem during the 4th quarter valued at about $225,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in shares of Anthem during the 4th quarter valued at about $1,214,000. Finally, Shell Asset Management Co. purchased a new stake in shares of Anthem during the 4th quarter valued at about $9,835,000. 87.32% of the stock is owned by hedge funds and other institutional investors.
In other Anthem news, SVP Ronald W. Penczek sold 1,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $231.90, for a total value of $455,915.40. Following the completion of the transaction, the senior vice president now directly owns 2,132 shares in the company, valued at approximately $494,410.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John E. Gallina sold 24,576 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $229.81, for a total value of $5,647,810.56. Following the completion of the transaction, the chief financial officer now owns 22,139 shares of the company’s stock, valued at $5,087,763.59. The disclosure for this sale can be found here. Insiders sold a total of 200,720 shares of company stock valued at $47,512,932 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The business had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the company posted $1.76 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities analysts anticipate that Anthem Inc will post 15.09 earnings per share for the current fiscal year.
Anthem declared that its board has authorized a stock buyback program on Thursday, December 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors 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 paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.29%. This is an increase from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. Anthem’s dividend payout ratio is presently 20.89%.
Several research firms have recently commented on ANTM. Barclays began coverage on shares of Anthem in a research report on Thursday. They set an “overweight” rating and a $270.00 price target for the company. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Wells Fargo & Co upped their price target on shares of Anthem from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Credit Suisse Group reaffirmed an “outperform” rating and set a $280.00 price target (up previously from $255.00) on shares of Anthem in a research report on Thursday, February 1st. Finally, Piper Jaffray Companies raised shares of Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 target price for the company in a report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $233.25.
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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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