Stack Financial Management Inc Decreases Holdings in Anthem Inc (NYSE:ANTM)

Stack Financial Management Inc lowered its position in Anthem Inc (NYSE:ANTM) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,632 shares of the company’s stock after selling 1,475 shares during the quarter. Stack Financial Management Inc’s holdings in Anthem were worth $11,843,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ANTM. First Interstate Bank grew its stake in Anthem by 1,910.7% in the third quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after purchasing an additional 535 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after purchasing an additional 10 shares in the last quarter. Harding Loevner LP bought a new position in Anthem in the second quarter worth approximately $151,000. Wealthcare Advisory Partners LLC purchased a new stake in Anthem during the third quarter worth $154,000. Finally, Krilogy Financial LLC purchased a new stake in Anthem during the second quarter worth $160,000. 86.67% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on ANTM shares. B. Riley restated a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Royal Bank of Canada reiterated a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Credit Suisse Group started coverage on Anthem in a report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 price objective for the company. Cantor Fitzgerald reiterated a “buy” rating and set a $215.00 price objective on shares of Anthem in a report on Wednesday, October 18th. Finally, BMO Capital Markets started coverage on Anthem in a report on Monday, October 16th. They set a “market perform” rating for the company. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $230.80.

In related news, Chairman Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $231.43, for a total value of $4,888,958.75. Following the transaction, the chairman now directly owns 87,668 shares of the company’s stock, valued at approximately $20,289,005.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the completion of the transaction, the executive vice president now directly owns 30,667 shares in the company, valued at $7,043,596.56. The disclosure for this sale can be found here. Insiders have sold a total of 167,457 shares of company stock worth $39,862,398 over the last ninety days. 0.36% of the stock is owned by insiders.

Anthem Inc (NYSE ANTM) traded up $0.68 during midday trading on Tuesday, hitting $233.45. The company had a trading volume of 1,388,644 shares, compared to its average volume of 1,770,000. 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 Inc has a 52-week low of $158.66 and a 52-week high of $267.95. The firm has a market cap of $59,940.00, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.33 and a beta of 0.83.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.04. The company had revenue of $22.45 billion for 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 for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. sell-side analysts predict 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. Shareholders of record on Friday, March 9th will be given a dividend of $0.75 per share. This is an increase from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s dividend payout ratio (DPR) is currently 19.50%.

Anthem declared that its Board of Directors has authorized a share buyback plan on Thursday, December 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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Anthem 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.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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