ETF Managers Group LLC boosted its holdings in Anthem Inc (NYSE:ANTM) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 594 shares of the company’s stock after acquiring an additional 81 shares during the quarter. ETF Managers Group LLC’s holdings in Anthem were worth $156,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in ANTM. Quantamental Technologies LLC purchased a new stake in Anthem during the 4th quarter valued at $52,000. Essex Savings Bank purchased a new stake in shares of Anthem in the 4th quarter worth $53,000. We Are One Seven LLC purchased a new stake in shares of Anthem in the 4th quarter worth $68,000. Cornerstone Advisors Inc. increased its stake in shares of Anthem by 34.3% in the 4th quarter. Cornerstone Advisors Inc. now owns 282 shares of the company’s stock worth $74,000 after purchasing an additional 72 shares in the last quarter. Finally, First Bank & Trust increased its stake in shares of Anthem by 16.1% in the 4th quarter. First Bank & Trust now owns 361 shares of the company’s stock worth $95,000 after purchasing an additional 50 shares in the last quarter. 97.06% of the stock is currently owned by institutional investors and hedge funds.
In other Anthem news, Director Julie A. Hill sold 500 shares of the stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $299.75, for a total transaction of $149,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $2,040,500.00. Following the transaction, the executive vice president now directly owns 46,456 shares of the company’s stock, valued at approximately $12,310,840. The disclosure for this sale can be found here. Insiders sold a total of 23,400 shares of company stock valued at $6,545,411 in the last quarter. 0.31% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on ANTM shares. Argus started coverage on Anthem in a research note on Thursday, January 24th. They issued a “buy” rating and a $333.00 price objective for the company. Morgan Stanley upped their price objective on Anthem from $368.00 to $372.00 and gave the stock an “overweight” rating in a research note on Thursday, November 1st. Stephens upped their price objective on Anthem from $310.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, January 31st. Cantor Fitzgerald restated a “buy” rating and issued a $275.00 price objective on shares of Anthem in a research note on Thursday, October 25th. Finally, Barclays restated a “buy” rating and issued a $282.00 price objective on shares of Anthem in a research note on Sunday, January 6th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $329.93.
Shares of ANTM stock opened at $304.25 on Monday. Anthem Inc has a 52-week low of $215.52 and a 52-week high of $311.60. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $78.69 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The business had revenue of $23.30 billion during the quarter, compared to analyst estimates of $23.27 billion. During the same quarter in the prior year, the business posted $1.29 EPS. Anthem’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts expect that Anthem Inc will post 19.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, March 15th. This is a positive change from Anthem’s previous quarterly dividend of $0.75. Anthem’s dividend payout ratio is presently 18.88%.
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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