Oak Point Wealth Management acquired a new stake in shares of Anthem Inc (NYSE:ANTM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,404 shares of the company’s stock, valued at approximately $763,000.
Several other large investors have also made changes to their positions in ANTM. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in Anthem in the fourth quarter worth about $878,000. Washington Trust Bank lifted its stake in Anthem by 5.6% in the fourth quarter. Washington Trust Bank now owns 33,212 shares of the company’s stock worth $7,473,000 after purchasing an additional 1,749 shares during the last quarter. Prudential Financial Inc. lifted its stake in Anthem by 23.8% in the third quarter. Prudential Financial Inc. now owns 1,254,746 shares of the company’s stock worth $238,251,000 after purchasing an additional 240,844 shares during the last quarter. Atlantic Trust Group LLC bought a new stake in Anthem in the third quarter worth about $88,799,000. Finally, Parametric Portfolio Associates LLC lifted its stake in Anthem by 0.7% in the third quarter. Parametric Portfolio Associates LLC now owns 1,164,693 shares of the company’s stock worth $221,152,000 after purchasing an additional 8,356 shares during the last quarter. 87.41% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on ANTM. Morgan Stanley raised their price objective on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $220.00 target price on shares of Anthem in a research report on Wednesday, October 25th. Cowen reaffirmed a “buy” rating and set a $160.00 target price on shares of Anthem in a research report on Thursday, September 21st. Finally, BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Anthem has an average rating of “Buy” and a consensus target price of $205.60.
Anthem Inc (NYSE ANTM) traded up $4.82 during midday trading on Tuesday, reaching $239.82. 1,916,500 shares of the company’s stock traded hands, compared to its average volume of 1,419,989. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53. Anthem Inc has a fifty-two week low of $144.44 and a fifty-two week high of $240.40. The stock has a market capitalization of $62,310.00, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.70 and a beta of 0.79.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the company earned $2.45 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. analysts forecast that Anthem Inc will post 11.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Monday, December 4th. Anthem’s dividend payout ratio is currently 25.32%.
Anthem declared that its board has initiated a share repurchase plan 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 plans are typically a sign that the company’s board of directors believes its stock is undervalued.
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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