Cornerstone Advisors Inc. boosted its stake in Anthem Inc (NYSE:ANTM) by 25.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 355 shares of the company’s stock after acquiring an additional 73 shares during the period. Cornerstone Advisors Inc.’s holdings in Anthem were worth $102,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ANTM. Prime Capital Investment Advisors LLC purchased a new stake in Anthem in the 4th quarter valued at approximately $28,000. Destination Wealth Management purchased a new stake in Anthem in the 1st quarter valued at approximately $31,000. Lee Financial Co purchased a new stake in Anthem in the 1st quarter valued at approximately $32,000. Laurel Wealth Advisors LLC purchased a new stake in Anthem in the 4th quarter valued at approximately $36,000. Finally, Liberty Wealth Management LLC purchased a new stake in Anthem in the 1st quarter valued at approximately $36,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on ANTM shares. Stephens started coverage on Anthem in a report on Monday, January 14th. They issued an “overweight” rating and a $310.00 price target for the company. SunTrust Banks cut their price target on Anthem to $300.00 and set a “hold” rating for the company in a report on Thursday, April 25th. UBS Group started coverage on Anthem in a report on Tuesday, April 23rd. They issued a “buy” rating and a $294.00 price target for the company. Barclays boosted their price target on Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $344.00 price target (up from $330.00) on shares of Anthem in a report on Thursday, January 31st. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $325.33.
ANTM stock opened at $264.65 on Thursday. The firm has a market cap of $67.31 billion, a PE ratio of 16.66, a PEG ratio of 0.92 and a beta of 0.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61. Anthem Inc has a 52 week low of $219.96 and a 52 week high of $317.99.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, April 24th. The company reported $6.03 EPS for the quarter, topping analysts’ consensus estimates of $5.86 by $0.17. The business had revenue of $24.39 billion during the quarter, compared to the consensus estimate of $24.31 billion. Anthem had a return on equity of 14.99% and a net margin of 4.23%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.41 EPS. On average, analysts forecast that Anthem Inc will post 19.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.21%. Anthem’s payout ratio is 20.14%.
In other news, EVP Gloria M. Mccarthy sold 7,701 shares of the company’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.
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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.
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