Corient Capital Partners LLC purchased a new position in Anthem Inc (NYSE:ANTM) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 887 shares of the company’s stock, valued at approximately $233,000.
Several other large investors also recently modified their holdings of ANTM. Financial Gravity Companies Inc. acquired a new stake in Anthem during the fourth quarter valued at approximately $49,000. Quantamental Technologies LLC acquired a new stake in Anthem during the fourth quarter valued at approximately $52,000. Essex Savings Bank acquired a new stake in Anthem during the fourth quarter valued at approximately $53,000. We Are One Seven LLC acquired a new stake in Anthem during the fourth quarter valued at approximately $68,000. Finally, Cornerstone Advisors Inc. lifted its stake in Anthem by 34.3% during the fourth quarter. Cornerstone Advisors Inc. now owns 282 shares of the company’s stock valued at $74,000 after purchasing an additional 72 shares during the last quarter. 87.25% of the stock is owned by institutional investors.
ANTM has been the subject of several recent research reports. SunTrust Banks increased their target price on shares of Anthem to $315.00 and gave the company a “hold” rating in a research note on Thursday, November 1st. Morgan Stanley boosted their price target on shares of Anthem from $368.00 to $372.00 and gave the company an “overweight” rating in a report on Thursday, November 1st. ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Evercore ISI upgraded shares of Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 price target on the stock in a report on Thursday, January 3rd. Finally, Royal Bank of Canada boosted their price target on shares of Anthem to $318.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $329.93.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. The business had revenue of $23.30 billion for the quarter, compared to analyst estimates of $23.27 billion. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 earnings per share. Equities research analysts anticipate that Anthem Inc will post 19.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, March 15th. This is a positive change from Anthem’s previous quarterly dividend of $0.75. Anthem’s dividend payout ratio is currently 18.88%.
In other Anthem news, Director Julie A. Hill sold 500 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $299.75, for a total value of $149,875.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Peter D. Haytaian sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $256.31, for a total transaction of $768,930.00. Following the completion of the transaction, the executive vice president now owns 42,206 shares in the company, valued at approximately $10,817,819.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,400 shares of company stock worth $6,545,411. Company insiders own 0.31% of the company’s stock.
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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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