D.A. Davidson & CO. boosted its holdings in shares of Anthem Inc (NYSE:ANTM) by 45.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,937 shares of the company’s stock after buying an additional 2,786 shares during the period. D.A. Davidson & CO.’s holdings in Anthem were worth $2,011,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Xact Kapitalforvaltning AB raised its position in Anthem by 1.9% during the third quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock valued at $8,850,000 after buying an additional 873 shares during the period. British Airways Pensions Investment Management Ltd raised its position in Anthem by 9.4% during the third quarter. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company’s stock valued at $36,380,000 after buying an additional 16,403 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its position in Anthem by 10.0% during the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 8,214 shares of the company’s stock valued at $1,560,000 after buying an additional 750 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in Anthem by 15.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock valued at $1,561,000 after buying an additional 1,109 shares during the period. Finally, Laurel Wealth Advisors Inc. acquired a new position in Anthem during the third quarter valued at $295,000. 85.30% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on ANTM shares. Morgan Stanley boosted their target price on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Cantor Fitzgerald restated a “buy” rating and issued a $275.00 target price on shares of Anthem in a research note on Friday, January 19th. Wells Fargo & Co boosted their target price on Anthem from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Anthem currently has a consensus rating of “Buy” and a consensus target price of $230.80.
Shares of Anthem Inc (NYSE:ANTM) opened at $235.02 on Monday. The stock has a market capitalization of $60,343.85, a PE ratio of 19.60, a PEG ratio of 1.35 and a beta of 0.83. Anthem Inc has a 52 week low of $158.66 and a 52 week high of $267.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.55.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. The company had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 EPS. research analysts expect that Anthem Inc will post 15.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio is 19.50%.
Anthem announced that its board has initiated a stock repurchase program on Thursday, December 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.
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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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