Cambria Investment Management L.P. Invests $236,000 in Anthem Inc (ANTM) Stock
Cambria Investment Management L.P. acquired a new position in shares of Anthem Inc (NYSE:ANTM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,072 shares of the company’s stock, valued at approximately $236,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFG Advisory LLC acquired a new position in shares of Anthem in the 4th quarter valued at about $448,000. First Merchants Corp bought a new stake in shares of Anthem in the 4th quarter valued at approximately $288,000. FineMark National Bank & Trust grew its stake in shares of Anthem by 8.3% in the 4th quarter. FineMark National Bank & Trust now owns 2,933 shares of the company’s stock valued at $660,000 after buying an additional 225 shares in the last quarter. Bessemer Group Inc. boosted its position in Anthem by 2.7% during the fourth quarter. Bessemer Group Inc. now owns 36,006 shares of the company’s stock worth $8,102,000 after purchasing an additional 937 shares during the period. Finally, Dupont Capital Management Corp boosted its position in Anthem by 4.0% during the fourth quarter. Dupont Capital Management Corp now owns 22,098 shares of the company’s stock worth $4,972,000 after purchasing an additional 846 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.
In other news, CEO Brian T. Griffin sold 59,421 shares of the firm’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $224.41, for a total value of $13,334,666.61. Following the completion of the transaction, the chief executive officer now directly owns 25,619 shares of the company’s stock, valued at $5,749,159.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julie A. Hill sold 1,000 shares of the firm’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $233.00, for a total value of $233,000.00. Following the completion of the transaction, the director now directly owns 35,075 shares of the company’s stock, valued at $8,172,475. The disclosure for this sale can be found here. Insiders have sold 136,264 shares of company stock valued at $31,027,160 over the last ninety days. 0.31% of the stock is currently owned by company insiders.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, April 25th. The company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.58. The business had revenue of $22.34 billion for the quarter, compared to analyst estimates of $22.55 billion. Anthem had a return on equity of 12.77% and a net margin of 4.60%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.68 earnings per share. equities research analysts expect that Anthem Inc will post 15.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 7th. Anthem’s payout ratio is 24.92%.
A number of research analysts recently commented on ANTM shares. ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $252.00 price objective for the company in a research note on Monday, April 9th. Cantor Fitzgerald restated a “buy” rating and set a $275.00 target price on shares of Anthem in a report on Wednesday, April 25th. Morgan Stanley increased their target price on Anthem from $266.00 to $269.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $280.00 price target (up previously from $255.00) on shares of Anthem in a report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Anthem currently has an average rating of “Buy” and an average target price of $249.00.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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