Lateef Investment Management L.P. reduced its stake in shares of Anthem Inc (NYSE:ANTM) by 10.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,513 shares of the company’s stock after selling 21,432 shares during the quarter. Anthem makes up approximately 3.7% of Lateef Investment Management L.P.’s investment portfolio, making the stock its 8th largest position. Lateef Investment Management L.P. owned approximately 0.07% of Anthem worth $39,267,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Calton & Associates Inc. bought a new stake in shares of Anthem in the fourth quarter valued at about $100,000. First Interstate Bank raised its holdings in shares of Anthem by 1,910.7% in the third quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after acquiring an additional 535 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Anthem in the fourth quarter valued at about $126,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Anthem in the third quarter valued at about $154,000. Finally, Bartlett & Co. LLC raised its holdings in shares of Anthem by 50.5% in the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after acquiring an additional 264 shares in the last quarter. 88.33% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Gloria M. Mccarthy sold 14,429 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the transaction, the executive vice president now owns 30,667 shares in the company, valued at $7,043,596.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph Swedish sold 64,403 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $244.37, for a total transaction of $15,738,161.11. Following the transaction, the insider now owns 84,346 shares in the company, valued at approximately $20,611,632.02. The disclosure for this sale can be found here. Insiders sold 200,720 shares of company stock valued at $47,512,932 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. The business had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. equities analysts predict that Anthem Inc will post 15.09 EPS for the current fiscal year.
Anthem declared that its board has initiated a stock buyback plan on Thursday, December 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.75 dividend. The ex-dividend date is Thursday, March 8th. This is an increase from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.29%. Anthem’s payout ratio is currently 29.53%.
ANTM has been the subject of several recent research reports. B. Riley restated a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Credit Suisse Group restated an “outperform” rating and issued a $280.00 price objective (up from $255.00) on shares of Anthem in a report on Thursday, February 1st. ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Bank of America lifted their price objective on Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $233.25.
ILLEGAL ACTIVITY WARNING: “Anthem Inc (ANTM) Stake Lessened by Lateef Investment Management L.P.” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/03/12/anthem-inc-antm-stake-lessened-by-lateef-investment-management-l-p.html.
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.
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.