Insider Selling: Anthem, Inc. (NYSE:ANTM) Director Sells 524 Shares of Stock
Anthem, Inc. (NYSE:ANTM) Director Julie A. Hill sold 524 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the transaction, the director now directly owns 36,924 shares in the company, valued at approximately $7,045,099.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Anthem, Inc. (ANTM) traded down 0.15% during midday trading on Friday, reaching $189.43. The company’s stock had a trading volume of 1,212,413 shares. Anthem, Inc. has a 12 month low of $114.85 and a 12 month high of $194.94. The stock has a 50-day moving average price of $189.94 and a 200 day moving average price of $175.77. The company has a market cap of $49.74 billion, a PE ratio of 17.91 and a beta of 0.73.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.33 EPS. Analysts expect that Anthem, Inc. will post $11.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a dividend of $0.70 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, September 7th. Anthem’s payout ratio is 24.62%.
Several equities analysts have recently commented on ANTM shares. Deutsche Bank AG upped their target price on Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Sanford C. Bernstein upped their target price on Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Cantor Fitzgerald raised Anthem from a “hold” rating to an “overweight” rating and upped their target price for the company from $165.00 to $210.00 in a research report on Thursday, April 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a $205.00 target price on shares of Anthem in a research report on Wednesday, June 28th. Finally, Credit Suisse Group began coverage on Anthem in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 target price on the stock. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Anthem currently has an average rating of “Hold” and an average price target of $180.00.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. raised its position in Anthem by 16.2% in the first quarter. Raymond James Trust N.A. now owns 3,457 shares of the company’s stock worth $572,000 after buying an additional 482 shares during the period. Highland Capital Management LLC purchased a new position in Anthem during the first quarter worth approximately $324,000. CrestPoint Capital Management LLC raised its position in Anthem by 14.0% in the first quarter. CrestPoint Capital Management LLC now owns 9,800 shares of the company’s stock worth $1,621,000 after buying an additional 1,200 shares during the period. Capstone Asset Management Co. raised its position in Anthem by 3.1% in the first quarter. Capstone Asset Management Co. now owns 31,792 shares of the company’s stock worth $5,258,000 after buying an additional 951 shares during the period. Finally, TNB Financial purchased a new position in Anthem during the first quarter worth approximately $382,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.
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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