Traders Buy High Volume of Anthem Call Options (ANTM)
Anthem, Inc. (NYSE:ANTM) was the recipient of some unusual options trading activity on Friday. Traders purchased 6,926 call options on the stock. This represents an increase of 2,085% compared to the average daily volume of 317 call options.
Shares of Anthem (ANTM) opened at $223.49 on Wednesday. Anthem has a 1-year low of $140.50 and a 1-year high of $236.39. The stock has a market cap of $59,655.73, a price-to-earnings ratio of 18.65, a PEG ratio of 1.82 and a beta of 0.79. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the firm earned $2.45 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. equities research analysts forecast that Anthem will post 11.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, December 4th. Anthem’s payout ratio is 25.32%.
Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price target on shares of Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. Jefferies Group reissued a “hold” rating and issued a $204.00 price target on shares of Anthem in a report on Sunday, August 20th. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $215.00 price target on shares of Anthem in a report on Thursday, September 14th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Anthem presently has a consensus rating of “Buy” and a consensus target price of $201.07.
In related news, Chairman Joseph Swedish sold 21,125 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $231.43, for a total value of $4,888,958.75. Following the completion of the transaction, the chairman now directly owns 87,668 shares in the company, valued at approximately $20,289,005.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Julie A. Hill sold 1,602 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total transaction of $345,551.40. Following the completion of the transaction, the director now owns 35,322 shares of the company’s stock, valued at $7,618,955.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,955 shares of company stock valued at $13,907,287. Company insiders own 0.36% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ANTM. First Interstate Bank grew its holdings in shares of Anthem by 1,910.7% in the third quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after purchasing an additional 535 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Anthem in the second quarter valued at about $128,000. Salem Investment Counselors Inc. grew its holdings in shares of Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares during the period. Harding Loevner LP purchased a new stake in shares of Anthem in the second quarter valued at about $151,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Anthem in the third quarter valued at about $154,000. 87.26% of the stock is owned by institutional investors and hedge funds.
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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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