Anthem, Inc. (ANTM) Shares Sold by NWQ Investment Management Company LLC
NWQ Investment Management Company LLC lessened its stake in shares of Anthem, Inc. (NYSE:ANTM) by 20.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,400 shares of the company’s stock after selling 1,600 shares during the quarter. NWQ Investment Management Company LLC’s holdings in Anthem were worth $1,215,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. First Interstate Bank boosted its stake in Anthem by 1,910.7% during the third quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after buying an additional 535 shares during the period. Captrust Financial Advisors purchased a new position in Anthem during the second quarter worth about $128,000. Salem Investment Counselors Inc. boosted its stake in Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after buying an additional 10 shares during the period. Harding Loevner LP purchased a new position in shares of Anthem in the second quarter valued at approximately $151,000. Finally, Krilogy Financial LLC purchased a new position in shares of Anthem in the second quarter valued at approximately $160,000. 87.26% of the stock is owned by institutional investors.
Several research analysts have recently commented on the stock. B. Riley reissued a “buy” rating on shares of Anthem in a research note on Wednesday. Bank of America raised their price objective on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Leerink Swann reissued an “outperform” rating on shares of Anthem in a research note on Tuesday, November 7th. Credit Suisse Group assumed coverage on shares of Anthem in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price objective for the company. Finally, Jefferies Group reissued a “hold” rating and issued a $226.00 price objective on shares of Anthem in a research note on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Anthem presently has an average rating of “Buy” and a consensus target price of $201.07.
In related news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total value of $4,027,058.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Julie A. Hill sold 1,602 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 35,322 shares in the company, valued at approximately $7,618,955.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,955 shares of company stock worth $13,907,287. 0.36% of the stock is owned by corporate insiders.
Shares of Anthem, Inc. (NYSE ANTM) opened at $224.85 on Friday. The firm has a market cap of $57,421.92, a P/E ratio of 17.95, a P/E/G ratio of 1.75 and a beta of 0.79. Anthem, Inc. has a 1-year low of $140.50 and a 1-year high of $236.39. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.45 earnings per share. equities analysts forecast that Anthem, Inc. will post 11.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be issued a $0.70 dividend. The ex-dividend date is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.25%. Anthem’s dividend payout ratio (DPR) is 25.32%.
Anthem announced that its Board of Directors has authorized a stock buyback plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership 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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