Daiwa SB Investments Ltd. grew its stake in Anthem Inc (NYSE:ANTM) by 10.7% in the fourth quarter, Holdings Channel reports. The fund owned 6,390 shares of the company’s stock after purchasing an additional 620 shares during the period. Daiwa SB Investments Ltd.’s holdings in Anthem were worth $1,438,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. C M Bidwell & Associates Ltd. grew its holdings in shares of Anthem by 0.5% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock worth $201,000 after purchasing an additional 5 shares during the period. Salem Investment Counselors Inc. grew its holdings in shares of Anthem by 1.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after purchasing an additional 10 shares during the period. Gofen & Glossberg LLC IL grew its holdings in shares of Anthem by 0.6% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock worth $478,000 after purchasing an additional 15 shares during the period. Bahl & Gaynor Inc. grew its holdings in shares of Anthem by 11.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,451 shares of the company’s stock worth $209,000 after purchasing an additional 145 shares during the period. Finally, Sii Investments Inc. WI grew its holdings in shares of Anthem by 5.4% during the 2nd quarter. Sii Investments Inc. WI now owns 2,860 shares of the company’s stock worth $537,000 after purchasing an additional 147 shares during the period. 87.41% of the stock is owned by institutional investors and hedge funds.
Anthem Inc (NYSE ANTM) opened at $235.00 on Friday. Anthem Inc has a twelve month low of $144.34 and a twelve month high of $237.00. The company has a market capitalization of $60,340.00, a PE ratio of 21.25, a P/E/G ratio of 1.70 and a beta of 0.79. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors 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 1.19%. The ex-dividend date was Monday, December 4th. Anthem’s dividend payout ratio (DPR) is 25.32%.
Anthem declared that its Board of Directors has initiated a stock repurchase plan on Thursday, December 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of research firms have recently weighed in on ANTM. Royal Bank of Canada reiterated a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Piper Jaffray Companies upgraded Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 price target for the company in a report on Wednesday, January 3rd. Goldman Sachs Group began coverage on Anthem in a report on Wednesday, January 3rd. They set a “neutral” rating and a $243.00 price target for the company. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $253.00 price target for the company in a report on Wednesday, January 3rd. Finally, ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Anthem presently has a consensus rating of “Buy” and an average price target of $206.60.
In other news, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $209.85, for a total value of $4,433,081.25. Following the completion of the transaction, the insider now owns 87,668 shares in the company, valued at approximately $18,397,129.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction dated 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 owns 30,667 shares of the company’s stock, valued at approximately $7,043,596.56. The disclosure for this sale can be found here. Insiders have sold a total of 59,259 shares of company stock valued at $13,194,281 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
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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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