Huntington National Bank Sells 248 Shares of Anthem Inc (ANTM)
Huntington National Bank trimmed its holdings in shares of Anthem Inc (NYSE:ANTM) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 14,375 shares of the company’s stock after selling 248 shares during the period. Huntington National Bank’s holdings in Anthem were worth $3,234,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of ANTM. First Interstate Bank grew its holdings in Anthem by 1,910.7% during the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after acquiring an additional 535 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in Anthem during the 3rd quarter worth about $154,000. Krilogy Financial LLC bought a new stake in shares of Anthem in the 2nd quarter valued at about $160,000. Bartlett & Co. LLC boosted its holdings in shares of Anthem by 50.5% in the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after buying an additional 264 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Anthem in the 3rd quarter valued at about $184,000. Institutional investors own 87.41% of the company’s stock.
In related news, EVP Gloria M. Mccarthy sold 14,429 shares of the 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 completion of the transaction, the executive vice president now directly owns 30,667 shares of the company’s stock, valued at approximately $7,043,596.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction that occurred 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. Insiders sold a total of 167,457 shares of company stock valued at $39,862,398 over the last ninety days. 0.36% of the stock is currently owned by insiders.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The firm had revenue of $22.45 billion during the quarter, compared to analyst estimates of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. Anthem’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $1.76 EPS. research analysts anticipate that Anthem Inc will post 15.09 earnings per share for the current fiscal year.
Anthem declared that its board has initiated a share repurchase program on Thursday, December 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.75 dividend. This is a positive change from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s dividend payout ratio (DPR) is presently 19.50%.
ANTM has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Jefferies Group raised their price target on shares of Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a report on Friday, October 13th. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Credit Suisse Group initiated coverage on shares of Anthem in a report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price target on the stock. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $215.00 price target on shares of Anthem in a report on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $230.80.
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.
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.