Farmers & Merchants Trust Co of Chambersburg PA reduced its position in shares of Anthem Inc (NYSE:ANTM) by 13.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,162 shares of the company’s stock after selling 774 shares during the period. Anthem makes up 1.3% of Farmers & Merchants Trust Co of Chambersburg PA’s portfolio, making the stock its 28th biggest holding. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Anthem were worth $1,481,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC purchased a new position in Anthem in the fourth quarter worth $28,000. Laurel Wealth Advisors LLC purchased a new stake in Anthem during the fourth quarter valued at about $36,000. Athena Capital Advisors LLC purchased a new stake in Anthem during the fourth quarter valued at about $39,000. Semmax Financial Advisors Inc. purchased a new stake in Anthem during the fourth quarter valued at about $42,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Anthem during the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.
In related news, EVP Gloria M. Mccarthy sold 7,700 shares of the stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $265.00, for a total value of $2,040,500.00. Following the completion of the transaction, the executive vice president now directly owns 46,456 shares of the company’s stock, valued at $12,310,840. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Julie A. Hill sold 500 shares of the stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $299.75, for a total transaction of $149,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,601 shares of company stock valued at $6,862,346. Insiders own 0.17% of the company’s stock.
Several research firms have issued reports on ANTM. Barclays set a $338.00 price target on shares of Anthem and gave the company a “buy” rating in a research report on Friday, March 8th. Credit Suisse Group upped their price target on shares of Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. ValuEngine lowered shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $333.00 price target for the company in a research report on Friday, February 1st. Finally, Stephens upped their price target on shares of Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, January 31st. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $332.07.
Shares of NYSE:ANTM traded up $6.59 during midday trading on Monday, hitting $259.44. 35,483 shares of the stock traded hands, compared to its average volume of 1,363,791. The company has a market cap of $65.05 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.60. Anthem Inc has a one year low of $219.96 and a one year high of $317.99.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.20 by $0.24. The firm had revenue of $23.30 billion during the quarter, compared to the consensus estimate of $23.27 billion. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 earnings per share. As a group, research analysts forecast that Anthem Inc will post 19.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.23%. This is an increase from Anthem’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 15th. Anthem’s dividend payout ratio is 20.14%.
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Anthem Company Profile
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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