HealthCor Management L.P. bought a new position in shares of Anthem Inc (NYSE:ANTM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 316,180 shares of the company’s stock, valued at approximately $71,144,000. Anthem accounts for 2.3% of HealthCor Management L.P.’s portfolio, making the stock its 20th largest holding. HealthCor Management L.P. owned 0.12% of Anthem as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. British Airways Pensions Investment Management Ltd boosted its position in shares of Anthem by 9.4% during the third quarter. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company’s stock worth $36,380,000 after purchasing an additional 16,403 shares in the last quarter. Creative Planning boosted its position in shares of Anthem by 6.2% during the fourth quarter. Creative Planning now owns 17,689 shares of the company’s stock worth $3,980,000 after purchasing an additional 1,030 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Anthem by 15.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock worth $1,561,000 after purchasing an additional 1,109 shares in the last quarter. Laurel Wealth Advisors Inc. bought a new position in shares of Anthem during the third quarter worth $295,000. Finally, Wells Fargo & Company MN boosted its position in shares of Anthem by 20.2% during the third quarter. Wells Fargo & Company MN now owns 845,634 shares of the company’s stock worth $160,569,000 after purchasing an additional 142,007 shares in the last quarter. 88.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Anthem Inc (NYSE ANTM) opened at $232.80 on Monday. The company has a market cap of $59,532.06, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.34 and a beta of 0.87. Anthem Inc has a 52-week low of $158.66 and a 52-week high of $267.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.55.
Anthem announced that its Board of Directors has initiated a stock repurchase 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 often a sign that the company’s management believes its shares are undervalued.
The firm also recently declared 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 a positive change from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s payout ratio is presently 20.89%.
In other Anthem news, insider Joseph Swedish sold 67,500 shares of Anthem stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $235.87, for a total value of $15,921,225.00. Following the sale, the insider now directly owns 134,043 shares in the company, valued at approximately $31,616,722.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction on 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 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.
A number of brokerages have recently weighed in on ANTM. Cantor Fitzgerald reissued a “buy” rating and set a $275.00 price target on shares of Anthem in a research report on Friday, January 19th. Cowen reissued a “buy” rating and set a $280.00 price target on shares of Anthem in a research report on Wednesday, January 31st. Wells Fargo & Co lifted their price target on shares of Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley lifted their price target on shares of Anthem from $247.00 to $266.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Finally, ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Anthem presently has a consensus rating of “Buy” and a consensus 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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