W.G. Shaheen & Associates DBA Whitney & Co Trims Holdings in Anthem Inc (ANTM)
W.G. Shaheen & Associates DBA Whitney & Co reduced its position in shares of Anthem Inc (NYSE:ANTM) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,375 shares of the company’s stock after selling 300 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Anthem were worth $1,434,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANTM. Foster & Motley Inc. purchased a new position in Anthem during the 3rd quarter worth $386,000. Whittier Trust Co. increased its holdings in shares of Anthem by 1.5% in the 3rd quarter. Whittier Trust Co. now owns 46,433 shares of the company’s stock valued at $8,817,000 after acquiring an additional 672 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Anthem by 2.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 10,003 shares of the company’s stock valued at $1,899,000 after acquiring an additional 266 shares during the period. Northpointe Capital LLC increased its holdings in shares of Anthem by 50.4% in the 3rd quarter. Northpointe Capital LLC now owns 19,362 shares of the company’s stock valued at $3,676,000 after acquiring an additional 6,489 shares during the period. Finally, Nationwide Fund Advisors increased its holdings in shares of Anthem by 1.2% in the 3rd quarter. Nationwide Fund Advisors now owns 103,438 shares of the company’s stock valued at $19,641,000 after acquiring an additional 1,209 shares during the period. Institutional investors own 85.30% of the company’s stock.
In other Anthem news, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $229.68, for a total transaction 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 approximately $7,043,596.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph Swedish sold 67,500 shares of Anthem 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 sale, the insider now directly 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. Insiders sold a total of 167,457 shares of company stock valued at $39,862,398 in the last three months. Insiders own 0.36% of the company’s stock.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. The firm had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. equities research analysts forecast that Anthem Inc will post 15.09 EPS for the current year.
Anthem announced that its Board of Directors has approved a share buyback program on Thursday, December 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.75 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.29%. Anthem’s dividend payout ratio (DPR) is presently 19.50%.
A number of research analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Cantor Fitzgerald reiterated a “buy” rating and issued a $275.00 price target on shares of Anthem in a report on Friday, January 19th. Wells Fargo & Co lifted their price target on Anthem from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average 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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