American Century Companies Inc. cut its position in Anthem Inc (NYSE:ANTM) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,135 shares of the company’s stock after selling 676 shares during the quarter. American Century Companies Inc.’s holdings in Anthem were worth $1,086,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Prime Capital Investment Advisors LLC bought a new stake in shares of Anthem during the 4th quarter valued at $28,000. Laurel Wealth Advisors LLC bought a new stake in shares of Anthem during the 4th quarter valued at $36,000. Athena Capital Advisors LLC bought a new stake in shares of Anthem during the 4th quarter valued at $39,000. Semmax Financial Advisors Inc. bought a new stake in shares of Anthem during the 4th quarter valued at $42,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Anthem during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.
In related news, EVP Gloria M. Mccarthy sold 7,701 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $303.73, for a total transaction of $2,339,024.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julie A. Hill sold 500 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $299.75, for a total value of $149,875.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,901 shares of company stock valued at $4,821,846. 0.17% of the stock is owned by company insiders.
Anthem stock opened at $239.62 on Friday. Anthem Inc has a 52 week low of $219.96 and a 52 week high of $317.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $61.24 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The business had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts predict that Anthem Inc will post 19.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.34%. This is a boost from Anthem’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 15th. Anthem’s payout ratio is presently 20.14%.
A number of analysts recently issued reports on the company. Barclays decreased their price objective on Anthem from $338.00 to $316.00 and set an “overweight” rating on the stock in a research note on Wednesday. Credit Suisse Group boosted their price objective on Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. ValuEngine lowered Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $333.00 price objective on the stock in a research note on Friday, February 1st. Finally, Stephens boosted their price objective on Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, January 31st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $330.60.
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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.
Further Reading: Outstanding Shares
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