Cornerstone Capital Management Holdings LLC. decreased its holdings in shares of Anthem Inc (NYSE:ANTM) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,994 shares of the company’s stock after selling 27,635 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.07% of Anthem worth $42,299,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of ANTM. Calton & Associates Inc. purchased a new position in shares of Anthem during the fourth quarter valued at $100,000. First Interstate Bank grew its holdings in shares of Anthem by 1,910.7% during the third quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after buying an additional 535 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of Anthem during the fourth quarter valued at $126,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Anthem during the third quarter valued at $154,000. Finally, Bartlett & Co. LLC grew its holdings in shares of Anthem by 50.5% during the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after buying an additional 264 shares in the last quarter. Institutional investors and hedge funds own 88.33% of the company’s stock.
In other Anthem news, insider Joseph Swedish sold 67,500 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $235.87, for a total value of $15,921,225.00. Following the completion of the sale, the insider now owns 134,043 shares of the company’s stock, valued at $31,616,722.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was 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 directly owns 30,667 shares of the company’s stock, valued at approximately $7,043,596.56. The disclosure for this sale can be found here. Insiders sold 200,720 shares of company stock valued at $47,512,932 in the last ninety days. Insiders own 0.36% of the company’s stock.
Shares of Anthem Inc (NYSE ANTM) opened at $229.86 on Tuesday. 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 PE ratio of 16.01, a price-to-earnings-growth ratio of 1.34 and a beta of 0.87. 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 (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The company had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. sell-side analysts expect that Anthem Inc will post 15.09 EPS for the current fiscal year.
Anthem announced that its Board of Directors has authorized a share repurchase program on Thursday, December 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Anthem’s previous quarterly dividend of $0.70. Anthem’s payout ratio is currently 20.89%.
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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