E&G Advisors LP Invests $203,000 in Anthem Inc (ANTM)
E&G Advisors LP bought a new position in Anthem Inc (NYSE:ANTM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 900 shares of the company’s stock, valued at approximately $203,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Anthem by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock valued at $3,349,603,000 after purchasing an additional 479,046 shares in the last quarter. Orbis Allan Gray Ltd lifted its holdings in shares of Anthem by 4.3% during the second quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock valued at $799,933,000 after purchasing an additional 176,023 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Anthem by 8.7% during the third quarter. Nordea Investment Management AB now owns 4,215,569 shares of the company’s stock valued at $800,452,000 after purchasing an additional 339,111 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Anthem by 2.3% during the third quarter. First Eagle Investment Management LLC now owns 3,103,892 shares of the company’s stock valued at $589,367,000 after purchasing an additional 71,119 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Anthem by 0.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,393,810 shares of the company’s stock valued at $454,537,000 after purchasing an additional 12,975 shares in the last quarter. 87.41% of the stock is currently owned by hedge funds and other institutional investors.
Anthem Inc (ANTM) opened at $249.15 on Thursday. Anthem Inc has a 1-year low of $144.44 and a 1-year high of $250.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $62,071.85, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.70 and a beta of 0.79.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. Anthem’s revenue was up 4.6% on a year-over-year basis. equities research analysts forecast that Anthem Inc will post 11.97 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, December 4th. Anthem’s dividend payout ratio is 25.32%.
Anthem announced that its Board of Directors has approved a share repurchase program on Thursday, December 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages have recently issued reports on ANTM. B. Riley reaffirmed a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Leerink Swann reaffirmed an “outperform” rating on shares of Anthem in a report on Tuesday, November 7th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $215.00 price target on shares of Anthem in a report on Wednesday, October 18th. BMO Capital Markets began coverage on Anthem in a report on Monday, October 16th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Anthem presently has an average rating of “Buy” and a consensus target price of $205.60.
In other Anthem news, SVP Ronald W. Penczek sold 978 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total value of $212,636.76. Following the transaction, the senior vice president now owns 1,222 shares of the company’s stock, valued at $265,687.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Swedish sold 67,500 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $235.87, for a total value of $15,921,225.00. Following the completion of the sale, the insider now owns 134,043 shares of the company’s stock, valued at approximately $31,616,722.41. The disclosure for this sale can be found here. In the last three months, insiders sold 126,759 shares of company stock worth $29,115,506. 0.36% of the stock is owned by corporate insiders.
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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