Anthem, Inc. (ANTM) Insider Sells $4,161,625.00 in Stock
Anthem, Inc. (NYSE:ANTM) insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the sale, the insider now owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Anthem, Inc. (NYSE:ANTM) traded down 1.79% during midday trading on Wednesday, hitting $193.65. 1,825,531 shares of the stock were exchanged. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $198.98. The company’s 50 day moving average is $191.32 and its 200 day moving average is $180.58. The company has a market capitalization of $50.85 billion, a P/E ratio of 18.31 and a beta of 0.70.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. Anthem’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 earnings per share. Analysts predict that Anthem, Inc. will post $11.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.45%. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio is 24.62%.
A number of research firms have recently issued reports on ANTM. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $221.00 target price for the company in a research note on Wednesday. Jefferies Group LLC restated a “hold” rating and set a $204.00 target price on shares of Anthem in a research note on Sunday, August 20th. Morgan Stanley raised their target price on shares of Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $215.00 price target (up from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $183.94.
Hedge funds have recently bought and sold shares of the stock. FTB Advisors Inc. increased its position in shares of Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock worth $117,000 after purchasing an additional 67 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Anthem in the second quarter worth approximately $128,000. Westside Investment Management Inc. increased its position in shares of Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock worth $131,000 after purchasing an additional 200 shares during the last quarter. Salem Investment Counselors Inc. increased its position in shares of Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after purchasing an additional 10 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new position in shares of Anthem in the first quarter worth approximately $149,000. Institutional investors own 87.69% of the company’s stock.
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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