QS Investors LLC trimmed its holdings in Anthem Inc (NYSE:ANTM) by 15.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,294 shares of the company’s stock after selling 4,710 shares during the period. QS Investors LLC’s holdings in Anthem were worth $5,691,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in ANTM. Calton & Associates Inc. purchased a new position in Anthem during the fourth quarter worth about $100,000. First Interstate Bank raised its holdings in Anthem by 1,910.7% during the third quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after purchasing an additional 535 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in Anthem during the fourth quarter worth about $126,000. Wealthcare Advisory Partners LLC purchased a new position in Anthem during the third quarter worth about $154,000. Finally, Bartlett & Co. LLC raised its holdings in Anthem by 50.5% during the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after purchasing an additional 264 shares in the last quarter. 88.33% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on ANTM. Cantor Fitzgerald reissued a “buy” rating and set a $275.00 price target on shares of Anthem in a report on Friday, January 19th. Cowen reissued a “buy” rating and set a $280.00 price target on shares of Anthem in a report on Wednesday, January 31st. Wells Fargo & Co increased their price target on shares of Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley increased their price target on shares of Anthem from $247.00 to $266.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $233.25.
Anthem Inc (ANTM) opened at $230.22 on Wednesday. Anthem Inc has a 1-year low of $158.66 and a 1-year 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. The stock has a market cap of $58,780.24, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.32 and a beta of 0.87.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.04. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The company had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the company posted $1.76 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. equities research analysts anticipate that Anthem Inc will post 15.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders 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 is a positive change from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.30%. Anthem’s dividend payout ratio is currently 20.89%.
Anthem announced that its board has approved 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 purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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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