Northpointe Capital LLC raised its position in Anthem Inc (NYSE:ANTM) by 43.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,663 shares of the company’s stock after purchasing an additional 5,952 shares during the quarter. Anthem makes up approximately 1.8% of Northpointe Capital LLC’s holdings, making the stock its 12th biggest position. Northpointe Capital LLC’s holdings in Anthem were worth $5,643,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its position in shares of Anthem by 20.2% during the 4th quarter. Proficio Capital Partners LLC now owns 196 shares of the company’s stock worth $51,000 after purchasing an additional 33 shares during the last quarter. ClariVest Asset Management LLC lifted its position in shares of Anthem by 7.2% during the 4th quarter. ClariVest Asset Management LLC now owns 642 shares of the company’s stock worth $169,000 after purchasing an additional 43 shares during the last quarter. Clearstead Advisors LLC lifted its position in shares of Anthem by 3.7% during the 4th quarter. Clearstead Advisors LLC now owns 1,366 shares of the company’s stock worth $359,000 after purchasing an additional 49 shares during the last quarter. First Bank & Trust lifted its position in shares of Anthem by 16.1% during the 4th quarter. First Bank & Trust now owns 361 shares of the company’s stock worth $95,000 after purchasing an additional 50 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of Anthem by 6.6% during the 1st quarter. Foundations Investment Advisors LLC now owns 810 shares of the company’s stock worth $232,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.
In other news, EVP Gloria M. Mccarthy sold 7,700 shares of the stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $265.00, for a total value of $2,040,500.00. Following the completion of the transaction, the executive vice president now directly 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 at this link. Also, Director Julie A. Hill sold 500 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $299.75, for a total value of $149,875.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,601 shares of company stock valued at $6,862,346. 0.17% of the stock is currently owned by insiders.
Anthem stock traded down $9.77 during trading hours on Wednesday, hitting $235.36. The stock had a trading volume of 3,097,261 shares, compared to its average volume of 1,799,218. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. The stock has a market cap of $67.63 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. Anthem Inc has a fifty-two week low of $219.96 and a fifty-two week high of $317.99.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.20 by $0.24. The firm had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 EPS. On average, analysts expect that Anthem Inc will post 19.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a $0.80 dividend. The ex-dividend date was Friday, March 15th. This is a boost from Anthem’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.36%. Anthem’s dividend payout ratio is presently 20.14%.
ANTM has been the subject of several research analyst reports. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Morgan Stanley boosted their price objective on Anthem from $372.00 to $391.00 and gave the stock an “overweight” rating in a research report on Thursday, January 31st. Evercore ISI raised Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 price target for the company in a report on Thursday, January 3rd. Stephens upped their price target on Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, January 31st. Finally, Credit Suisse Group upped their price target on Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Anthem has an average rating of “Buy” and a consensus price target of $330.60.
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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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