Empire Life Investments Inc. raised its stake in Anthem Inc (NYSE:ANTM) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,969 shares of the company’s stock after purchasing an additional 340 shares during the period. Empire Life Investments Inc.’s holdings in Anthem were worth $15,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. FineMark National Bank & Trust raised its position in Anthem by 8.3% in the 4th quarter. FineMark National Bank & Trust now owns 2,933 shares of the company’s stock valued at $660,000 after purchasing an additional 225 shares in the last quarter. Dowling & Yahnke LLC raised its position in shares of Anthem by 3.3% during the 4th quarter. Dowling & Yahnke LLC now owns 7,445 shares of the company’s stock worth $1,675,000 after acquiring an additional 241 shares in the last quarter. Commerce Bank raised its position in shares of Anthem by 2.0% during the 3rd quarter. Commerce Bank now owns 12,330 shares of the company’s stock worth $2,341,000 after acquiring an additional 242 shares in the last quarter. Reliance Trust Co. of Delaware raised its position in shares of Anthem by 4.7% during the 4th quarter. Reliance Trust Co. of Delaware now owns 5,678 shares of the company’s stock worth $1,278,000 after acquiring an additional 255 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in shares of Anthem by 3.8% during the 4th quarter. Global X Management Co. LLC now owns 7,181 shares of the company’s stock worth $1,616,000 after acquiring an additional 263 shares in the last quarter. 88.33% of the stock is currently owned by institutional investors.
Anthem Inc (NYSE:ANTM) opened at $232.80 on Monday. Anthem Inc has a 12 month low of $158.66 and a 12 month high of $267.95. The firm has a market capitalization of $59,532.06, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.34 and a beta of 0.87. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.66.
Anthem announced that its board has authorized a share buyback plan on Thursday, December 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.75 dividend. This is an increase from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, March 8th. Anthem’s dividend payout ratio (DPR) is 20.89%.
In related news, SVP Ronald W. Penczek sold 1,966 shares of Anthem stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $231.90, for a total value of $455,915.40. Following the sale, the senior vice president now directly owns 2,132 shares in the company, valued at $494,410.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the sale, the executive vice president now owns 30,667 shares in the company, valued at $7,043,596.56. The disclosure for this sale can be found here. Insiders sold a total of 200,720 shares of company stock worth $47,512,932 over the last quarter. Company insiders own 0.36% of the company’s stock.
ANTM has been the topic of several research analyst reports. Cowen reissued a “buy” rating and set a $280.00 target price on shares of Anthem in a research report on Wednesday, January 31st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $275.00 price target on shares of Anthem in a research report on Friday, January 19th. Jefferies Group raised Anthem from a “hold” rating to a “buy” rating and cut their price target for the stock from $235.00 to $211.00 in a research report on Friday, January 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Finally, ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $233.25.
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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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