Punch & Associates Investment Management Inc. Sells 423 Shares of Anthem Inc (ANTM)
Punch & Associates Investment Management Inc. decreased its holdings in shares of Anthem Inc (NYSE:ANTM) by 1.5% in the 1st quarter, Holdings Channel reports. The fund owned 28,592 shares of the company’s stock after selling 423 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Anthem were worth $6,282,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Calton & Associates Inc. bought a new stake in shares of Anthem during the 4th quarter valued at $100,000. Reilly Financial Advisors LLC raised its position in shares of Anthem by 144.9% during the 1st quarter. Reilly Financial Advisors LLC now owns 556 shares of the company’s stock valued at $122,000 after acquiring an additional 329 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Anthem during the 4th quarter valued at $126,000. ClariVest Asset Management LLC raised its position in shares of Anthem by 884.4% during the 1st quarter. ClariVest Asset Management LLC now owns 630 shares of the company’s stock valued at $139,000 after acquiring an additional 566 shares during the last quarter. Finally, Smart Portfolios LLC bought a new stake in shares of Anthem during the 1st quarter valued at $161,000. Institutional investors own 87.58% of the company’s stock.
ANTM has been the subject of several recent research reports. Barclays initiated coverage on shares of Anthem in a research report on Thursday, March 8th. They set an “overweight” rating and a $270.00 target price for the company. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Cantor Fitzgerald reiterated a “buy” rating and set a $275.00 target price on shares of Anthem in a research report on Wednesday, April 25th. JPMorgan Chase & Co. raised shares of Anthem from a “neutral” rating to an “overweight” rating in a report on Thursday, April 26th. Finally, Sanford C. Bernstein set a $332.00 price target on shares of Anthem and gave the company an “outperform” rating in a report on Thursday, April 26th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Anthem presently has a consensus rating of “Buy” and an average price target of $249.00.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, April 25th. The company reported $5.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.83 by $0.58. The firm had revenue of $22.34 billion during the quarter, compared to analyst estimates of $22.55 billion. Anthem had a net margin of 4.60% and a return on equity of 12.77%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.68 EPS. equities analysts expect that Anthem Inc will post 15.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, June 7th. Anthem’s payout ratio is presently 24.92%.
In related news, EVP Thomas C. Zielinski sold 20,455 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $229.23, for a total value of $4,688,899.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian T. Griffin sold 59,421 shares of the company’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $224.41, for a total transaction of $13,334,666.61. Following the completion of the transaction, the chief executive officer now directly owns 25,619 shares of the company’s stock, valued at $5,749,159.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,876 shares of company stock valued at $18,487,666. Company insiders own 0.31% of the company’s stock.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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