Anthem Inc (ANTM) Stake Lessened by BKD Wealth Advisors LLC
BKD Wealth Advisors LLC lessened its stake in shares of Anthem Inc (NYSE:ANTM) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,523 shares of the company’s stock after selling 391 shares during the quarter. BKD Wealth Advisors LLC’s holdings in Anthem were worth $2,593,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ANTM. Janus Henderson Group PLC lifted its stake in shares of Anthem by 2,835.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock worth $218,554,000 after purchasing an additional 1,122,159 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Anthem in the 3rd quarter worth approximately $101,758,000. Vanguard Group Inc. lifted its stake in shares of Anthem by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after purchasing an additional 479,046 shares during the period. Atlantic Trust Group LLC bought a new position in shares of Anthem in the 3rd quarter worth approximately $88,799,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Anthem by 65.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,180,628 shares of the company’s stock worth $222,112,000 after purchasing an additional 466,438 shares during the period. 87.41% of the stock is currently owned by hedge funds and other institutional investors.
In other Anthem news, SVP Ronald W. Penczek sold 978 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 1,222 shares of the company’s stock, valued at approximately $265,687.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph Swedish sold 67,500 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $235.87, for a total transaction of $15,921,225.00. Following the sale, the insider now directly owns 134,043 shares of the company’s stock, valued at $31,616,722.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,759 shares of company stock valued at $29,115,506. Insiders own 0.36% of the company’s stock.
Anthem Inc (NYSE ANTM) traded up $0.62 during midday trading on Thursday, reaching $249.77. 776,239 shares of the company’s stock were exchanged, compared to its average volume of 1,455,091. 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 Inc has a 12 month low of $144.44 and a 12 month high of $250.04. The company has a market cap of $63,850.00, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.70 and a beta of 0.79.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $2.45 EPS. The company’s revenue was up 4.6% on a year-over-year basis. sell-side analysts predict that Anthem Inc will post 11.97 earnings per share for the current fiscal year.
Anthem announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, December 4th. Anthem’s dividend payout ratio (DPR) is currently 25.32%.
Several equities analysts have recently weighed in on ANTM shares. B. Riley reiterated a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Jefferies Group raised their target price on shares of Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a research note on Wednesday, September 20th. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Finally, Credit Suisse Group initiated coverage on shares of Anthem in a research note on Thursday, November 2nd. They set an “outperform” rating and a $234.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average 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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