Anthem Inc (NYSE:ANTM) insider Joseph Swedish sold 64,403 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $244.37, for a total transaction of $15,738,161.11. Following the completion of the transaction, the insider now directly owns 84,346 shares in the company, valued at approximately $20,611,632.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Joseph Swedish also recently made the following trade(s):
- On Thursday, January 11th, Joseph Swedish sold 67,500 shares of Anthem stock. The stock was sold at an average price of $235.87, for a total transaction of $15,921,225.00.
- On Friday, December 1st, Joseph Swedish sold 21,125 shares of Anthem stock. The stock was sold at an average price of $231.43, for a total transaction of $4,888,958.75.
Anthem Inc (NYSE ANTM) traded down $8.73 during midday trading on Monday, reaching $230.45. 1,970,000 shares of the company’s stock were exchanged, compared to its average volume of 1,510,000. The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. The stock has a market cap of $59,170.00, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.38 and a beta of 0.83. Anthem Inc has a 1-year low of $155.35 and a 1-year high of $267.95.
Anthem announced that its board has authorized a share repurchase plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.75 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s dividend payout ratio (DPR) is currently 19.50%.
Several large investors have recently added to or reduced their stakes in ANTM. OxFORD Asset Management LLP bought a new stake in shares of Anthem in the 2nd quarter valued at about $766,000. Stifel Financial Corp boosted its holdings in shares of Anthem by 7.7% in the 2nd quarter. Stifel Financial Corp now owns 26,276 shares of the company’s stock valued at $4,956,000 after buying an additional 1,868 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Anthem by 9.3% in the 2nd quarter. Gotham Asset Management LLC now owns 36,505 shares of the company’s stock valued at $6,868,000 after buying an additional 3,107 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Anthem in the 2nd quarter valued at about $765,000. Finally, Sciencast Management LP bought a new stake in shares of Anthem in the 2nd quarter valued at about $330,000. Institutional investors and hedge funds own 87.41% of the company’s stock.
ANTM has been the topic of several recent analyst reports. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. B. Riley reaffirmed a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Bank of America raised their price target on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $220.00 target price on shares of Anthem in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $230.80.
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Anthem Company Profile
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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