Stone Ridge Asset Management LLC acquired a new stake in Anthem Inc (NYSE:ANTM) during the fourth quarter, Holdings Channel reports. The firm acquired 16,660 shares of the company’s stock, valued at approximately $3,749,000.
Several other large investors have also made changes to their positions in the company. Calton & Associates Inc. acquired a new position in Anthem during the 4th quarter worth approximately $100,000. Icon Wealth Partners LLC acquired a new position in Anthem during the 4th quarter worth approximately $126,000. First Interstate Bank raised its stake in 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 buying an additional 535 shares during the period. Bartlett & Co. LLC raised its stake in Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after buying an additional 264 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new position in Anthem during the 3rd quarter worth approximately $154,000. 88.33% of the stock is currently owned by institutional investors.
ANTM has been the topic of a number of research reports. Cowen reaffirmed a “buy” rating and set a $280.00 price target on shares of Anthem in a research note on Wednesday, January 31st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $275.00 price target on shares of Anthem in a research note on Friday, January 19th. Jefferies Group raised Anthem from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $235.00 to $211.00 in a research note on Friday, January 12th. Royal Bank of Canada reissued a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Finally, ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $233.25.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $22.45 billion during the quarter, compared to analyst estimates of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. Anthem’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.76 earnings per share. analysts anticipate that Anthem Inc will post 15.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.75 dividend. The ex-dividend date is Thursday, March 8th. This is a positive change from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.29%. Anthem’s dividend payout ratio is currently 20.89%.
Anthem declared that its board has initiated a stock repurchase plan 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. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Joseph Swedish sold 64,403 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $244.37, for a total value of $15,738,161.11. Following the completion of the transaction, the insider now directly owns 84,346 shares of the company’s stock, valued at $20,611,632.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the transaction, 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 200,720 shares of company stock valued at $47,512,932. 0.36% of the stock is currently owned by corporate insiders.
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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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