Anthem Inc (ANTM) Stake Increased by First Republic Investment Management Inc.
First Republic Investment Management Inc. grew its stake in shares of Anthem Inc (NYSE:ANTM) by 51.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 124,525 shares of the company’s stock after acquiring an additional 42,224 shares during the quarter. First Republic Investment Management Inc.’s holdings in Anthem were worth $28,020,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Calton & Associates Inc. bought a new stake in shares of Anthem during the 4th quarter valued at $100,000. First Interstate Bank lifted its position in shares of Anthem by 1,910.7% during the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after buying an additional 535 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Anthem during the 3rd quarter worth $154,000. Bartlett & Co. LLC lifted its position in shares of Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after buying an additional 264 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Anthem during the 3rd quarter worth $184,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.
ANTM has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Bank of America upped their price objective on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Jefferies Group upgraded Anthem from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $235.00 to $211.00 in a research report on Friday, January 12th. Credit Suisse Group initiated coverage on Anthem in a research report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 price objective for the company. Finally, B. Riley restated a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $230.80.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The business had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities analysts forecast that Anthem Inc will post 15.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio is presently 19.50%.
Anthem announced that its Board of Directors has authorized a stock repurchase plan 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. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the sale, the executive vice president now owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph Swedish sold 64,403 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $244.37, for a total value of $15,738,161.11. Following the completion of the sale, the insider now directly owns 84,346 shares of the company’s stock, valued at approximately $20,611,632.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,457 shares of company stock valued at $39,862,398. Insiders own 0.36% of the company’s stock.
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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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