Anthem Inc (ANTM) Shares Sold by Farmers & Merchants Trust Co of Chambersburg PA
Farmers & Merchants Trust Co of Chambersburg PA reduced its stake in shares of Anthem Inc (NYSE:ANTM) by 4.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,876 shares of the company’s stock after selling 338 shares during the period. Anthem makes up approximately 1.5% of Farmers & Merchants Trust Co of Chambersburg PA’s holdings, making the stock its 20th biggest holding. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Anthem were worth $1,772,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ANTM. First Interstate Bank raised 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 last quarter. Captrust Financial Advisors acquired a new stake in shares of Anthem in the second quarter valued at approximately $128,000. Salem Investment Counselors Inc. raised 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 last quarter. Harding Loevner LP acquired a new stake in shares of Anthem in the second quarter valued at approximately $151,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Anthem in the third quarter valued at approximately $154,000. Hedge funds and other institutional investors own 87.41% of the company’s stock.
In other Anthem news, SVP Ronald W. Penczek sold 978 shares of Anthem stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total transaction of $212,636.76. Following the completion of the transaction, the senior vice president now directly owns 1,222 shares of the company’s stock, valued at $265,687.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Joseph Swedish sold 21,125 shares of Anthem stock in a transaction on Friday, December 1st. The stock was sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the transaction, the chairman now directly owns 87,668 shares of the company’s stock, valued at $20,289,005.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,259 shares of company stock valued at $13,194,281. Company insiders own 0.36% of the company’s stock.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating the 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 analysts’ expectations of $22.10 billion. During the same period last year, the business earned $2.45 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. research analysts predict that Anthem Inc will post 11.97 EPS for the current year.
Anthem announced that its board has authorized a share buyback program on Thursday, December 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Tuesday, December 5th were paid a $0.70 dividend. The ex-dividend date was Monday, December 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.19%. Anthem’s dividend payout ratio is presently 25.32%.
A number of research firms have recently issued reports on ANTM. Jefferies Group upgraded shares of Anthem from a “hold” rating to a “buy” rating and lowered their price objective for the company from $235.00 to $211.00 in a report on Friday. Royal Bank of Canada reiterated a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $253.00 price objective on the stock in a report on Wednesday, January 3rd. Goldman Sachs Group began coverage on shares of Anthem in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $243.00 price objective on the stock. Finally, Piper Jaffray Companies upgraded shares of Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 price objective on the stock in a report on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $205.60.
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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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