Anthem Inc (ANTM) Shares Sold by IBM Retirement Fund
IBM Retirement Fund lessened its stake in shares of Anthem Inc (NYSE:ANTM) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,338 shares of the company’s stock after selling 270 shares during the period. IBM Retirement Fund’s holdings in Anthem were worth $1,563,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Gofen & Glossberg LLC IL raised its stake in Anthem by 0.6% in the second quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock worth $478,000 after buying an additional 15 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Anthem by 4.3% in the second quarter. Cubist Systematic Strategies LLC now owns 4,682 shares of the company’s stock worth $881,000 after buying an additional 194 shares in the last quarter. FineMark National Bank & Trust raised its stake in Anthem by 8.3% in the fourth quarter. FineMark National Bank & Trust now owns 2,933 shares of the company’s stock worth $660,000 after buying an additional 225 shares in the last quarter. Dowling & Yahnke LLC raised its stake in Anthem by 3.3% in the fourth quarter. Dowling & Yahnke LLC now owns 7,445 shares of the company’s stock worth $1,675,000 after buying an additional 241 shares in the last quarter. Finally, Commerce Bank raised its stake in Anthem by 2.0% in the third quarter. Commerce Bank now owns 12,330 shares of the company’s stock worth $2,341,000 after buying an additional 242 shares in the last quarter. 86.67% of the stock is owned by institutional investors.
In related news, EVP Gloria M. Mccarthy sold 14,429 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the completion of the transaction, the executive vice president now owns 30,667 shares in the company, valued at approximately $7,043,596.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Joseph Swedish sold 21,125 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the transaction, the chairman now owns 87,668 shares of the company’s stock, valued at approximately $20,289,005.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,457 shares of company stock valued at $39,862,398. Insiders own 0.36% of the company’s stock.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The company had revenue of $22.45 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the company earned $1.76 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. equities research analysts anticipate that Anthem Inc will post 15.09 EPS for the current year.
Anthem declared that its board has authorized a stock repurchase program on Thursday, December 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.75 dividend. The ex-dividend date is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio is 19.50%.
A number of equities analysts recently commented on ANTM shares. Royal Bank of Canada reissued a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Morgan Stanley lifted their price target on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Bank of America lifted their price target on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $230.80.
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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