First Trust Advisors LP Purchases 42,424 Shares of Anthem Inc (ANTM)

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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.

Shares of ANTM opened at $277.25 on Friday. Anthem Inc has a 12-month low of $220.80 and a 12-month high of $317.99. The firm has a market cap of $71.31 billion, a P/E ratio of 17.45, a PEG ratio of 0.98 and a beta of 0.85. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58.

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.

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About Anthem

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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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