MainStreet Investment Advisors LLC acquired a new position in shares of Anthem Inc (NYSE:ANTM) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 1,918 shares of the company’s stock, valued at approximately $435,000.
Other institutional investors have also recently bought and sold shares of the company. CFM Wealth Partners LLC acquired a new stake in Anthem in the fourth quarter valued at $31,000. Mizuho Securities Co. Ltd. acquired a new stake in Anthem in the fourth quarter valued at $30,000. TFG Advisers LLC acquired a new stake in Anthem in the fourth quarter valued at $33,000. Key Financial Inc acquired a new stake in Anthem in the first quarter valued at $27,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Anthem in the fourth quarter valued at $41,000. 86.40% of the stock is currently owned by institutional investors.
NYSE ANTM traded down $1.57 during trading hours on Friday, hitting $277.11. 889,794 shares of the company’s stock were exchanged, compared to its average volume of 1,344,740. The business’s 50 day moving average is $258.58 and its 200-day moving average is $275.14. The firm has a market capitalization of $70.26 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.53 and a current ratio of 1.53. Anthem Inc has a 12-month low of $171.03 and a 12-month high of $312.48.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, April 29th. The company reported $6.48 EPS for the quarter, missing analysts’ consensus estimates of $6.54 by ($0.06). The firm had revenue of $29.45 billion during the quarter, compared to analysts’ expectations of $28.63 billion. Anthem had a return on equity of 16.38% and a net margin of 4.38%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $6.03 earnings per share. As a group, equities research analysts anticipate that Anthem Inc will post 22.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.37%. Anthem’s dividend payout ratio (DPR) is 19.55%.
In other news, EVP Thomas C. Zielinski sold 19,306 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $278.34, for a total value of $5,373,632.04. Following the transaction, the executive vice president now directly owns 48,303 shares in the company, valued at approximately $13,444,657.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Julie A. Hill sold 1,102 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $283.26, for a total value of $312,152.52. Following the completion of the transaction, the director now owns 31,822 shares in the company, valued at $9,013,899.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,553 shares of company stock worth $15,286,509. Company insiders own 0.22% of the company’s stock.
ANTM has been the topic of several recent research reports. Jefferies Financial Group downgraded Anthem from a “buy” rating to a “hold” rating and set a $257.00 price objective on the stock. in a research report on Thursday, April 9th. Royal Bank of Canada restated a “buy” rating and issued a $319.00 price objective on shares of Anthem in a research report on Sunday, April 12th. ValuEngine downgraded Anthem from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. UBS Group upped their price objective on Anthem from $307.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. They noted that the move was a valuation call. Finally, Credit Suisse Group reduced their price objective on Anthem from $380.00 to $355.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. Anthem presently has a consensus rating of “Buy” and a consensus target price of $328.31.
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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