Joseph Swedish Sells 21,125 Shares of Anthem, Inc. (ANTM) Stock
Anthem, Inc. (NYSE:ANTM) insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $209.85, for a total transaction of $4,433,081.25. Following the sale, the insider now directly owns 87,668 shares in the company, valued at approximately $18,397,129.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Joseph Swedish also recently made the following trade(s):
- On Monday, October 2nd, Joseph Swedish sold 21,125 shares of Anthem stock. The stock was sold at an average price of $190.63, for a total transaction of $4,027,058.75.
- On Friday, September 1st, Joseph Swedish sold 21,125 shares of Anthem stock. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business earned $2.45 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio is presently 25.32%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new position in shares of Anthem in the 2nd quarter valued at approximately $128,000. Salem Investment Counselors Inc. raised its position in shares of Anthem by 1.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares in the last quarter. Harding Loevner LP acquired a new position in shares of Anthem in the 2nd quarter valued at approximately $151,000. Krilogy Financial LLC acquired a new position in shares of Anthem in the 2nd quarter valued at approximately $160,000. Finally, Cedar Wealth Management LLC raised its position in shares of Anthem by 1.7% in the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.
Several equities analysts recently issued reports on the stock. Credit Suisse Group began coverage on shares of Anthem in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 target price for the company. Deutsche Bank AG upped their price objective on shares of Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. Bank of America Corporation upped their price objective on shares of Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and set a $204.00 price objective on shares of Anthem in a research report on Friday, July 14th. Finally, BidaskClub cut shares of Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $193.18.
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.
Receive News & Ratings for Anthem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.