British Airways Pensions Investment Management Ltd lowered its position in Anthem Inc (NYSE:ANTM) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,431 shares of the company’s stock after selling 76 shares during the quarter. Anthem makes up approximately 0.9% of British Airways Pensions Investment Management Ltd’s holdings, making the stock its 23rd biggest position. British Airways Pensions Investment Management Ltd’s holdings in Anthem were worth $20,089,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prime Capital Investment Advisors LLC bought a new stake in shares of Anthem during the 4th quarter worth about $28,000. Laurel Wealth Advisors LLC bought a new stake in shares of Anthem during the 4th quarter worth about $36,000. Athena Capital Advisors LLC bought a new stake in shares of Anthem during the 4th quarter worth about $39,000. Semmax Financial Advisors Inc. bought a new stake in shares of Anthem during the 4th quarter worth about $42,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Anthem during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 87.81% of the company’s stock.
In other Anthem news, EVP Gloria M. Mccarthy sold 7,701 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $303.73, for a total value of $2,339,024.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter D. Haytaian sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $256.31, for a total value of $768,930.00. Following the completion of the transaction, the executive vice president now directly owns 42,206 shares of the company’s stock, valued at approximately $10,817,819.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,601 shares of company stock valued at $7,631,276. Insiders own 0.31% of the company’s stock.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.20 by $0.24. The firm had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 EPS. As a group, analysts expect that Anthem Inc will post 19.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be issued a $0.80 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 15th. This represents a $3.20 annualized dividend and a yield of 1.05%. Anthem’s dividend payout ratio is 20.14%.
Several research firms recently weighed in on ANTM. Argus began coverage on Anthem in a research report on Thursday, January 24th. They set a “buy” rating and a $333.00 price objective for the company. Stephens boosted their price objective on Anthem from $310.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, January 31st. Morgan Stanley reissued an “overweight” rating and set a $391.00 price objective (up previously from $372.00) on shares of Anthem in a research report on Thursday, January 31st. Barclays set a $338.00 price objective on Anthem and gave the stock a “buy” rating in a research report on Friday, March 8th. Finally, ValuEngine cut Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Anthem has an average rating of “Buy” and a consensus price target of $332.07.
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Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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