MainStreet Investment Advisors LLC Acquires Shares of 1,918 Anthem Inc (NYSE:ANTM)

MainStreet Investment Advisors LLC purchased a new position in shares of Anthem Inc (NYSE:ANTM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,918 shares of the company’s stock, valued at approximately $435,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Key Financial Inc purchased a new position in shares of Anthem during the 1st quarter worth $27,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Anthem during the 4th quarter worth $30,000. CFM Wealth Partners LLC purchased a new position in shares of Anthem during the 4th quarter worth $31,000. TFG Advisers LLC purchased a new position in shares of Anthem during the 4th quarter worth $33,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Anthem during the 4th quarter worth $41,000. Institutional investors and hedge funds own 86.40% of the company’s stock.

In other news, EVP Gloria M. Mccarthy sold 18,261 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $276.11, for a total transaction of $5,042,044.71. Following the completion of the transaction, the executive vice president now directly owns 60,360 shares of the company’s stock, valued at $16,665,999.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Julie A. Hill sold 1,102 shares of the business’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 transaction, the director now directly owns 31,822 shares of the company’s stock, valued at $9,013,899.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,553 shares of company stock valued at $15,286,509. Corporate insiders own 0.22% of the company’s stock.

A number of analysts recently issued reports on the company. Stephens cut their price objective on Anthem from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. SunTrust Banks raised their price objective on Anthem from $280.00 to $320.00 and gave the stock a “hold” rating in a research report on Thursday. Morgan Stanley raised their price objective on Anthem from $310.00 to $423.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. ValuEngine downgraded Anthem from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group downgraded Anthem from a “buy” rating to a “hold” rating and set a $257.00 price objective for the company. in a research report on Thursday, April 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $328.31.

NYSE ANTM traded down $1.57 during trading on Friday, hitting $277.11. The stock had a trading volume of 889,794 shares, compared to its average volume of 1,344,740. The company has a market capitalization of $70.26 billion, a PE ratio of 15.00, a PEG ratio of 0.86 and a beta of 0.97. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average price of $258.58 and a 200 day moving average price of $275.14. Anthem Inc has a twelve month low of $171.03 and a twelve month high of $312.48.

Anthem (NYSE:ANTM) last released its earnings results on Wednesday, April 29th. The company reported $6.48 earnings per share for the quarter, missing the consensus estimate of $6.54 by ($0.06). The firm had revenue of $29.45 billion during the quarter, compared to analyst estimates of $28.63 billion. Anthem had a net margin of 4.38% and a return on equity of 16.38%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.03 earnings per share. On average, sell-side analysts anticipate that Anthem Inc will post 22.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, June 9th. Anthem’s dividend payout ratio is presently 19.55%.

Anthem Profile

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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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