Regentatlantic Capital LLC decreased its holdings in shares of Anthem Inc (NYSE:ANTM) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,733 shares of the company’s stock after selling 613 shares during the quarter. Anthem makes up 1.3% of Regentatlantic Capital LLC’s holdings, making the stock its 9th biggest position. Regentatlantic Capital LLC’s holdings in Anthem were worth $16,141,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ANTM. Franklin Resources Inc. lifted its holdings in Anthem by 44.2% during the 2nd quarter. Franklin Resources Inc. now owns 7,941 shares of the company’s stock valued at $1,494,000 after purchasing an additional 2,433 shares during the last quarter. Menta Capital LLC acquired a new stake in Anthem during the 2nd quarter valued at $256,000. GSA Capital Partners LLP acquired a new stake in Anthem during the 2nd quarter valued at $1,005,000. ETRADE Capital Management LLC lifted its holdings in Anthem by 30.6% during the 2nd quarter. ETRADE Capital Management LLC now owns 4,874 shares of the company’s stock valued at $917,000 after purchasing an additional 1,142 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Anthem by 8.0% during the 2nd quarter. MML Investors Services LLC now owns 2,957 shares of the company’s stock worth $556,000 after buying an additional 220 shares during the period. 87.45% of the stock is owned by institutional investors and hedge funds.
In other Anthem news, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $229.68, for a total value of $3,314,052.72. Following the transaction, the executive vice president now owns 30,667 shares in the company, valued at $7,043,596.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Wednesday, November 1st. The shares were 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 disclosure for this sale can be found here. Insiders sold 126,759 shares of company stock worth $29,115,506 in the last 90 days. 0.36% of the stock is owned by company insiders.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, topping the Zacks’ consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the business earned $2.45 earnings per share. Anthem’s revenue was up 4.6% on a year-over-year basis. research analysts anticipate that Anthem Inc will post 11.97 earnings per share for the current year.
Anthem declared that its board has initiated a share buyback plan on Thursday, December 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Several research analysts have weighed in on ANTM shares. B. Riley reiterated a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Jefferies Group increased their price objective on Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Royal Bank of Canada reiterated a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Credit Suisse Group started coverage on Anthem in a research report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $215.00 price objective on shares of Anthem in a research report on Wednesday, October 18th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $209.27.
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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