Arizona State Retirement System grew its stake in shares of Anthem Inc (NYSE:ANTM) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,729 shares of the company’s stock after buying an additional 6,212 shares during the period. Arizona State Retirement System’s holdings in Anthem were worth $28,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Calton & Associates Inc. bought a new stake in shares of Anthem during the fourth quarter valued at approximately $100,000. First Interstate Bank increased its position in Anthem by 1,910.7% in the third quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after purchasing an additional 535 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Anthem in the third quarter worth $154,000. Bartlett & Co. LLC increased its position in Anthem by 50.5% in the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after purchasing an additional 264 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in Anthem in the third quarter worth $184,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Cantor Fitzgerald restated a “buy” rating and issued a $275.00 price target on shares of Anthem in a research report on Friday, January 19th. Wells Fargo & Co boosted their price target on shares of Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Anthem currently has an average rating of “Buy” and an average target price of $230.80.
Anthem Inc (NYSE ANTM) opened at $235.02 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.55. The company has a market cap of $59,940.74, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83. Anthem Inc has a one year low of $158.66 and a one year high of $267.95.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. The company had revenue of $22.45 billion during the quarter, compared to analyst estimates of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. Anthem’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 earnings per share. equities analysts anticipate that Anthem Inc will post 15.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.28%. This is a positive change from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. Anthem’s payout ratio is presently 19.50%.
Anthem announced that its Board of Directors has initiated a share buyback plan on Thursday, December 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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