Arrowstreet Capital Limited Partnership reduced its position in shares of Anthem Inc (NYSE:ANTM) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,759,756 shares of the company’s stock after selling 53,648 shares during the period. Anthem accounts for about 1.0% of Arrowstreet Capital Limited Partnership’s portfolio, making the stock its 20th largest holding. Arrowstreet Capital Limited Partnership’s holdings in Anthem were worth $395,963,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. FineMark National Bank & Trust increased its stake in Anthem by 8.3% during the 4th quarter. FineMark National Bank & Trust now owns 2,933 shares of the company’s stock worth $660,000 after buying an additional 225 shares in the last quarter. Dowling & Yahnke LLC increased its stake in Anthem by 3.3% during the 4th quarter. Dowling & Yahnke LLC now owns 7,445 shares of the company’s stock worth $1,675,000 after buying an additional 241 shares in the last quarter. Commerce Bank increased its stake in Anthem by 2.0% during the 3rd quarter. Commerce Bank now owns 12,330 shares of the company’s stock worth $2,341,000 after buying an additional 242 shares in the last quarter. Global X Management Co. LLC increased its stake in Anthem by 3.8% during the 4th quarter. Global X Management Co. LLC now owns 7,181 shares of the company’s stock worth $1,616,000 after buying an additional 263 shares in the last quarter. Finally, Bartlett & Co. LLC increased its stake in Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after buying an additional 264 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.
In related news, insider Joseph Swedish sold 67,500 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $235.87, for a total value of $15,921,225.00. Following the transaction, the insider now directly owns 134,043 shares in the company, valued at $31,616,722.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the transaction, the executive vice president now owns 30,667 shares in the company, valued at $7,043,596.56. The disclosure for this sale can be found here. Insiders sold 167,457 shares of company stock worth $39,862,398 over the last quarter. 0.36% of the stock is currently owned by insiders.
Anthem Inc (NYSE:ANTM) opened at $235.02 on Monday. Anthem Inc has a twelve month low of $158.66 and a twelve month high of $267.95. The company has a market capitalization of $60,340.00, a P/E ratio of 16.37, a P/E/G ratio of 1.35 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.51.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The firm had revenue of $22.45 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the prior year, the firm posted $1.76 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. equities analysts anticipate that Anthem Inc will post 15.09 EPS for the current fiscal year.
Anthem declared that its board has approved a share repurchase plan on Thursday, December 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.75 dividend. The ex-dividend date is Thursday, March 8th. This is a boost from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.28%. Anthem’s dividend payout ratio is currently 19.50%.
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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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