Alpha Omega Wealth Management LLC purchased a new position in Anthem Inc (NYSE:ANTM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 774 shares of the company’s stock, valued at approximately $234,000.
A number of other institutional investors have also recently made changes to their positions in ANTM. Sonora Investment Management LLC purchased a new position in Anthem in the 4th quarter worth about $30,000. CFM Wealth Partners LLC purchased a new position in Anthem in the 4th quarter worth about $31,000. Evolution Wealth Advisors LLC raised its position in Anthem by 973.3% in the 4th quarter. Evolution Wealth Advisors LLC now owns 161 shares of the company’s stock worth $49,000 after buying an additional 146 shares during the last quarter. Private Ocean LLC raised its position in Anthem by 72.8% in the 4th quarter. Private Ocean LLC now owns 178 shares of the company’s stock worth $54,000 after buying an additional 75 shares during the last quarter. Finally, Horan Capital Advisors LLC. purchased a new position in Anthem in the 3rd quarter worth about $43,000. Institutional investors own 88.27% of the company’s stock.
ANTM has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on Anthem from $382.00 to $374.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Stephens decreased their target price on Anthem from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Deutsche Bank decreased their target price on Anthem from $319.00 to $314.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Credit Suisse Group decreased their target price on Anthem from $380.00 to $355.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Bank of America reduced their price target on shares of Anthem from $330.00 to $324.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $325.77.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, January 29th. The company reported $3.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.02). Anthem had a net margin of 4.61% and a return on equity of 16.34%. The business had revenue of $27.13 billion for the quarter, compared to analysts’ expectations of $27.06 billion. During the same period in the previous year, the company earned $2.44 EPS. Anthem’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Anthem Inc will post 22.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 16th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.80 annualized dividend and a dividend yield of 1.28%. This is a positive change from Anthem’s previous quarterly dividend of $0.80. Anthem’s dividend payout ratio is presently 16.46%.
In related news, EVP Peter D. Haytaian sold 12,095 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $300.00, for a total transaction of $3,628,500.00. Following the completion of the transaction, the executive vice president now directly owns 41,377 shares in the company, valued at approximately $12,413,100. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thomas C. Zielinski sold 10,600 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $288.33, for a total value of $3,056,298.00. Following the transaction, the executive vice president now owns 35,247 shares of the company’s stock, valued at $10,162,767.51. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.
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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