Savant Capital LLC reduced its position in Anthem Inc (NYSE:ANTM) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,187 shares of the company’s stock after selling 170 shares during the period. Savant Capital LLC’s holdings in Anthem were worth $1,100,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new position in Anthem during the 4th quarter worth approximately $49,000. Quantamental Technologies LLC purchased a new position in Anthem during the 4th quarter worth approximately $52,000. Essex Savings Bank purchased a new position in Anthem during the 4th quarter worth approximately $53,000. We Are One Seven LLC purchased a new position in Anthem during the 4th quarter worth approximately $68,000. Finally, Cornerstone Advisors Inc. raised its position in Anthem by 34.3% during the 4th quarter. Cornerstone Advisors Inc. now owns 282 shares of the company’s stock worth $74,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.
In related news, EVP Gloria M. Mccarthy sold 7,700 shares of the business’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $265.00, for a total value of $2,040,500.00. Following the completion of the sale, the executive vice president now owns 46,456 shares of the company’s stock, valued at approximately $12,310,840. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peter D. Haytaian sold 3,000 shares of the business’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $256.31, for a total transaction of $768,930.00. Following the completion of the sale, the executive vice president now directly owns 42,206 shares of the company’s stock, valued at approximately $10,817,819.86. The disclosure for this sale can be found here. In the last three months, insiders sold 23,400 shares of company stock valued at $6,545,411. 0.31% of the stock is owned by insiders.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.20 by $0.24. The company had revenue of $23.30 billion during the quarter, compared to analyst estimates of $23.27 billion. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 EPS. Equities research analysts expect that Anthem Inc will post 19.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, March 15th. This is a positive change from Anthem’s previous quarterly dividend of $0.75. Anthem’s payout ratio is presently 18.88%.
Several equities analysts have recently weighed in on the stock. Argus assumed coverage on shares of Anthem in a report on Thursday, January 24th. They set a “buy” rating and a $333.00 target price for the company. Barclays reaffirmed a “buy” rating and set a $282.00 target price on shares of Anthem in a report on Sunday, January 6th. Credit Suisse Group lifted their target price on shares of Anthem from $311.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. BMO Capital Markets lifted their target price on shares of Anthem from $300.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, November 1st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $275.00 target price on shares of Anthem in a report on Thursday, October 25th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $329.93.
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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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