First Trust Advisors LP raised its position in Anthem Inc (NYSE:ANTM) by 19.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,102 shares of the company’s stock after acquiring an additional 42,424 shares during the quarter. First Trust Advisors LP’s holdings in Anthem were worth $75,505,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Prime Capital Investment Advisors LLC acquired a new stake in Anthem in the fourth quarter valued at approximately $28,000. Destination Wealth Management acquired a new stake in Anthem in the first quarter valued at approximately $31,000. Lee Financial Co acquired a new stake in Anthem in the first quarter valued at approximately $32,000. Laurel Wealth Advisors LLC acquired a new stake in Anthem in the fourth quarter valued at approximately $36,000. Finally, Liberty Wealth Management LLC acquired a new stake in Anthem in the first quarter valued at approximately $36,000. 93.50% of the stock is owned by institutional investors.
Several analysts have issued reports on ANTM shares. Stephens increased their price objective on shares of Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, January 31st. Morgan Stanley reiterated an “overweight” rating and set a $391.00 target price (up from $372.00) on shares of Anthem in a research note on Thursday, January 31st. Barclays set a $338.00 target price on Anthem and gave the company a “buy” rating in a research note on Friday, March 8th. Cantor Fitzgerald reiterated a “buy” rating and set a $360.00 target price on shares of Anthem in a research note on Sunday, April 21st. Finally, ValuEngine cut Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Anthem currently has an average rating of “Buy” and an average target price of $324.87.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $6.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.86 by $0.17. The firm had revenue of $24.39 billion for the quarter, compared to analysts’ expectations of $24.31 billion. Anthem had a return on equity of 14.99% and a net margin of 4.23%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business posted $5.41 earnings per share. As a group, analysts predict that Anthem Inc will post 19.29 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, June 7th. Anthem’s payout ratio is 20.14%.
In other news, EVP Gloria M. Mccarthy sold 7,701 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $303.73, for a total transaction of $2,339,024.73. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ramiro G. Peru sold 1,656 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $275.00, for a total value of $455,400.00. Following the transaction, the director now directly owns 11,173 shares in the company, valued at $3,072,575. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “First Trust Advisors LP Purchases 42,424 Shares of Anthem Inc (ANTM)” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4353088/first-trust-advisors-lp-purchases-42424-shares-of-anthem-inc-antm.html.
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.
Featured Article: What is cost of equity?
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.