Shell Asset Management Co. reduced its position in shares of Anthem Inc (NYSE:ANTM) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,332 shares of the company’s stock after selling 3,250 shares during the quarter. Shell Asset Management Co.’s holdings in Anthem were worth $6,887,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of Anthem by 8.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,218 shares of the company’s stock valued at $6,107,000 after acquiring an additional 1,535 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Anthem by 8.2% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 565 shares of the company’s stock valued at $171,000 after acquiring an additional 43 shares during the period. Global Retirement Partners LLC grew its stake in shares of Anthem by 3.5% during the 4th quarter. Global Retirement Partners LLC now owns 2,011 shares of the company’s stock valued at $607,000 after acquiring an additional 68 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Anthem during the 4th quarter valued at approximately $376,000. Finally, Nwam LLC bought a new position in shares of Anthem during the 4th quarter valued at approximately $429,000. Institutional investors and hedge funds own 86.40% of the company’s stock.
ANTM has been the subject of a number of recent research reports. Jefferies Financial Group downgraded Anthem from a “buy” rating to a “hold” rating and set a $257.00 price objective for the company. in a research note on Thursday, April 9th. ValuEngine cut Anthem from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Royal Bank of Canada reissued a “buy” rating and issued a $319.00 price target on shares of Anthem in a report on Sunday, April 12th. Morgan Stanley boosted their price target on Anthem from $310.00 to $423.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, UBS Group boosted their price target on Anthem from $307.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $328.31.
Shares of ANTM traded down $1.57 during mid-day trading on Friday, hitting $277.11. 889,794 shares of the stock were exchanged, compared to its average volume of 1,344,740. The company has a market cap of $70.26 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. Anthem Inc has a 52-week low of $171.03 and a 52-week high of $312.48. The firm has a 50-day moving average of $258.58 and a two-hundred day moving average of $275.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.53 and a current ratio of 1.53.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $6.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.54 by ($0.06). The firm had revenue of $29.45 billion for the quarter, compared to analysts’ expectations of $28.63 billion. Anthem had a return on equity of 16.38% and a net margin of 4.38%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $6.03 earnings per share. On average, sell-side analysts predict that Anthem Inc will post 22.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, June 9th. Anthem’s dividend payout ratio is currently 19.55%.
In other news, EVP Gloria M. Mccarthy sold 16,884 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $270.00, for a total transaction of $4,558,680.00. Following the transaction, the executive vice president now owns 42,099 shares of the company’s stock, valued at approximately $11,366,730. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julie A. Hill sold 1,102 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $283.26, for a total value of $312,152.52. Following the transaction, the director now directly owns 31,822 shares in the company, valued at approximately $9,013,899.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,553 shares of company stock worth $15,286,509. Corporate insiders own 0.22% of the company’s stock.
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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