Traders Sell Anthem (ANTM) on Strength After Insider Selling
Investors sold shares of Anthem Inc (NYSE:ANTM) on strength during trading hours on Tuesday after an insider sold shares in the company. $74.79 million flowed into the stock on the tick-up and $115.21 million flowed out of the stock on the tick-down, for a money net flow of $40.42 million out of the stock. Of all equities tracked, Anthem had the 0th highest net out-flow for the day. Anthem traded up $1.93 for the day and closed at $241.75Specifically, insider Joseph Swedish sold 67,500 shares of Anthem stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $235.87, for a total value of $15,921,225.00. Following the sale, the insider now owns 134,043 shares of the company’s stock, valued at approximately $31,616,722.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total value of $3,314,052.72. Following the transaction, the executive vice president now directly owns 30,667 shares in the company, valued at approximately $7,043,596.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,759 shares of company stock worth $29,115,506. Corporate insiders own 0.36% of the company’s stock.
Several equities analysts have recently weighed in on ANTM shares. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a research report on Wednesday, September 20th. Cantor Fitzgerald reissued a “buy” rating and set a $215.00 target price on shares of Anthem in a research report on Wednesday, September 20th. Cowen reissued a “buy” rating and set a $160.00 target price on shares of Anthem in a research report on Thursday, September 21st. Piper Jaffray Companies reissued a “hold” rating and set a $202.00 target price on shares of Anthem in a research report on Wednesday, October 4th. Finally, Jefferies Group boosted their target price on Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Anthem has an average rating of “Buy” and a consensus price target of $205.60.
The firm has a market cap of $63,970.00, a PE ratio of 22.53, a P/E/G ratio of 1.68 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $22.10 billion. Anthem had a return on equity of 12.97% and a net margin of 3.35%. Anthem’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.45 EPS. research analysts forecast that Anthem Inc will post 11.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Monday, December 4th. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
Anthem declared that its Board of Directors has approved a stock buyback plan on Thursday, December 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
A number of institutional investors have recently made changes to their positions in the business. First Interstate Bank lifted its holdings in shares of Anthem by 1,910.7% in the 3rd 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. Salem Investment Counselors Inc. lifted its holdings in shares of Anthem by 1.4% in the 2nd 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 stake in shares of Anthem in the 2nd quarter worth $151,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Anthem in the 3rd quarter worth $154,000. Finally, Krilogy Financial LLC purchased a new stake in shares of Anthem in the 2nd quarter worth $160,000. 87.41% of the stock is currently owned by institutional investors.
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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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