Investors purchased shares of Anthem Inc (NYSE:ANTM) on weakness during trading hours on Monday after an insider sold shares in the company. $132.05 million flowed into the stock on the tick-up and $87.01 million flowed out of the stock on the tick-down, for a money net flow of $45.04 million into the stock. Of all companies tracked, Anthem had the 13th highest net in-flow for the day. Anthem traded down ($2.94) for the day and closed at $229.86Specifically, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Ronald W. Penczek sold 1,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 200,720 shares of company stock worth $47,512,932. Company insiders own 0.36% of the company’s stock.
Several equities analysts have recently commented on ANTM shares. Jefferies Group raised Anthem from a “hold” rating to a “buy” rating and decreased their target price for the company from $235.00 to $211.00 in a research report on Friday, January 12th. Bank of America upped their target price on Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research report on Friday, November 17th. B. Riley reaffirmed a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Goldman Sachs Group started coverage on Anthem in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $243.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Anthem presently has an average rating of “Buy” and an average target price of $233.25.
The stock has a market capitalization of $59,530.00, a PE ratio of 22.62, a PEG ratio of 1.34 and a beta of 0.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.55.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, March 8th. This is a boost from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.31%. Anthem’s dividend payout ratio is presently 29.53%.
Anthem announced that its board has authorized a stock repurchase program on Thursday, December 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANTM. Nationwide Fund Advisors lifted its stake in Anthem by 1.2% during the third quarter. Nationwide Fund Advisors now owns 103,438 shares of the company’s stock worth $19,641,000 after purchasing an additional 1,209 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Anthem by 26.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 9,506 shares of the company’s stock worth $1,805,000 after purchasing an additional 1,997 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Anthem by 12.5% during the third quarter. Victory Capital Management Inc. now owns 15,453 shares of the company’s stock worth $2,934,000 after purchasing an additional 1,718 shares during the last quarter. Bessemer Group Inc. lifted its stake in Anthem by 3.0% during the third quarter. Bessemer Group Inc. now owns 35,069 shares of the company’s stock worth $6,658,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its stake in Anthem by 13.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 6,918 shares of the company’s stock worth $1,314,000 after purchasing an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.
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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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