971 Shares in Anthem, Inc. (ANTM) Purchased by Signature Estate & Investment Advisors LLC
Signature Estate & Investment Advisors LLC bought a new stake in Anthem, Inc. (NYSE:ANTM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 971 shares of the company’s stock, valued at approximately $184,000.
Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in Anthem in the second quarter valued at about $128,000. Salem Investment Counselors Inc. increased its holdings in Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after buying an additional 10 shares in the last quarter. Harding Loevner LP purchased a new position in Anthem in the second quarter valued at about $151,000. Krilogy Financial LLC purchased a new position in Anthem in the second quarter valued at about $160,000. Finally, Cedar Wealth Management LLC increased its holdings in Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after buying an additional 15 shares in the last quarter. 88.91% of the stock is owned by institutional investors.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.00, for a total value of $4,161,625.00. Following the transaction, the insider now owns 87,668 shares in the company, valued at approximately $17,270,596. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Julie A. Hill sold 1,602 shares of Anthem stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total transaction of $345,551.40. Following the completion of the transaction, the director now owns 35,322 shares in the company, valued at approximately $7,618,955.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,955 shares of company stock worth $13,179,953. 0.36% of the stock is owned by company insiders.
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Shares of Anthem, Inc. (NYSE:ANTM) traded down $1.41 on Tuesday, hitting $217.05. 564,805 shares of the company’s stock were exchanged, compared to its average volume of 1,593,805. The firm has a market cap of $56,043.11, a price-to-earnings ratio of 17.52, a PEG ratio of 1.71 and a beta of 0.77. Anthem, Inc. has a 52 week low of $132.65 and a 52 week high of $220.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.25. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. Anthem’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $2.45 EPS. equities research analysts anticipate that Anthem, Inc. will post 11.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.29%. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
ANTM has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Leerink Swann reissued an “outperform” rating on shares of Anthem in a research note on Tuesday, November 7th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Jefferies Group LLC reissued a “hold” rating and set a $204.00 price objective on shares of Anthem in a research note on Sunday, August 20th. Finally, Morgan Stanley raised their price objective 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. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $197.69.
Anthem Company Profile
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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