Diligent Investors LLC acquired a new stake in shares of Anthem, Inc. (NYSE:ANTM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 645 shares of the company’s stock, valued at approximately $207,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC grew its holdings in Anthem by 12.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,234 shares of the company’s stock valued at $1,360,000 after buying an additional 476 shares in the last quarter. ProVise Management Group LLC grew its holdings in shares of Anthem by 10.4% in the fourth quarter. ProVise Management Group LLC now owns 7,080 shares of the company’s stock valued at $2,273,000 after purchasing an additional 668 shares in the last quarter. 1ST Source Bank grew its holdings in shares of Anthem by 103.7% in the fourth quarter. 1ST Source Bank now owns 4,644 shares of the company’s stock valued at $1,491,000 after purchasing an additional 2,364 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Anthem by 25.9% in the third quarter. Great West Life Assurance Co. Can now owns 451,653 shares of the company’s stock valued at $104,552,000 after purchasing an additional 92,903 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC purchased a new position in shares of Anthem in the fourth quarter valued at $32,394,000. 89.36% of the stock is owned by institutional investors and hedge funds.
ANTM has been the subject of a number of recent research reports. Smith Barney Citigroup raised their target price on shares of Anthem from $325.00 to $338.00 in a report on Thursday, October 29th. Cowen raised their target price on shares of Anthem from $330.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, January 26th. SVB Leerink raised their price target on Anthem from $370.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, December 14th. Piper Sandler raised their price target on Anthem from $330.00 to $369.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 11th. Finally, JPMorgan Chase & Co. raised their price target on Anthem from $324.00 to $389.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $354.60.
Anthem (NYSE:ANTM) last released its earnings results on Tuesday, January 26th. The company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.02. Anthem had a return on equity of 18.45% and a net margin of 4.22%. The business had revenue of $31.50 billion during the quarter, compared to the consensus estimate of $30.83 billion. During the same period last year, the company earned $3.88 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities research analysts predict that Anthem, Inc. will post 22.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 25th. Stockholders of record on Wednesday, March 10th will be paid a dividend of $0.95 per share. The ex-dividend date is Tuesday, March 9th. This represents a $3.80 annualized dividend and a dividend yield of 1.29%. Anthem’s dividend payout ratio is currently 19.55%.
In other news, EVP Peter D. Haytaian sold 5,833 shares of the firm’s stock in a transaction on Tuesday, December 15th. The stock was sold at an average price of $312.53, for a total transaction of $1,822,987.49. Following the transaction, the executive vice president now owns 38,475 shares in the company, valued at $12,024,591.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ryan M. Schneider purchased 1,700 shares of the business’s stock in a transaction dated Thursday, February 4th. The shares were purchased at an average price of $296.03 per share, for a total transaction of $503,251.00. Following the purchase, the director now owns 2,921 shares of the company’s stock, valued at approximately $864,703.63. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
Anthem Company Profile
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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