Global X Management Co. LLC increased its stake in Anthem Inc (NYSE:ANTM) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,181 shares of the company’s stock after purchasing an additional 263 shares during the quarter. Global X Management Co. LLC’s holdings in Anthem were worth $1,616,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Nordea Investment Management AB lifted its holdings in Anthem by 8.7% in the third quarter. Nordea Investment Management AB now owns 4,215,569 shares of the company’s stock worth $800,452,000 after purchasing an additional 339,111 shares during the period. First Eagle Investment Management LLC lifted its holdings in Anthem by 2.3% in the third quarter. First Eagle Investment Management LLC now owns 3,103,892 shares of the company’s stock worth $589,367,000 after purchasing an additional 71,119 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Anthem by 0.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,393,810 shares of the company’s stock worth $454,537,000 after purchasing an additional 12,975 shares during the period. APG Asset Management N.V. lifted its holdings in Anthem by 24.1% in the third quarter. APG Asset Management N.V. now owns 1,925,522 shares of the company’s stock worth $365,618,000 after purchasing an additional 373,500 shares during the period. Finally, Sanders Capital LLC lifted its holdings in Anthem by 2.1% in the fourth quarter. Sanders Capital LLC now owns 1,878,622 shares of the company’s stock worth $469,154,000 after purchasing an additional 38,800 shares during the period. 86.67% of the stock is owned by institutional investors and hedge funds.
Shares of Anthem Inc (NYSE:ANTM) opened at $235.02 on Friday. Anthem Inc has a 1-year low of $158.66 and a 1-year high of $267.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.51. The firm has a market cap of $60,343.74, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.83.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, March 8th. This is an increase from Anthem’s previous quarterly dividend of $0.70. Anthem’s payout ratio is presently 19.50%.
Anthem announced that its board has initiated a stock buyback program on Thursday, December 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $275.00 price objective on shares of Anthem in a report on Friday, January 19th. Cowen reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Anthem in a report on Wednesday, January 31st. Wells Fargo & Co upped their price objective on shares of Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley upped their price objective on shares of Anthem from $247.00 to $266.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $230.80.
In other Anthem news, insider Joseph Swedish sold 67,500 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $235.87, for a total transaction of $15,921,225.00. Following the sale, the insider now owns 134,043 shares in the company, valued at approximately $31,616,722.41. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s 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 sale, the executive vice president now owns 30,667 shares in the company, valued at approximately $7,043,596.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,457 shares of company stock worth $39,862,398. Corporate insiders own 0.36% of the company’s stock.
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Anthem Company 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.
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