Anthem Inc (NYSE:ANTM) insider Joseph Swedish sold 27,846 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $231.12, for a total value of $6,435,767.52. Following the transaction, the insider now directly owns 84,545 shares in the company, valued at approximately $19,540,040.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Joseph Swedish also recently made the following trade(s):
- On Thursday, February 1st, Joseph Swedish sold 64,403 shares of Anthem stock. The stock was sold at an average price of $244.37, for a total value of $15,738,161.11.
- On Thursday, January 11th, Joseph Swedish sold 67,500 shares of Anthem stock. The stock was sold at an average price of $235.87, for a total value of $15,921,225.00.
Shares of Anthem Inc (ANTM) traded down $1.19 during trading hours on Wednesday, hitting $229.03. 1,669,891 shares of the company’s stock traded hands, compared to its average volume of 1,740,000. Anthem Inc has a 12 month low of $158.66 and a 12 month high of $267.95. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $58,570.00, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.32 and a beta of 0.87.
Anthem declared that its board has approved a share repurchase program on Thursday, December 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
The firm 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 $0.75 dividend. This is a positive change from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. This represents a $3.00 annualized dividend and a yield of 1.31%. Anthem’s payout ratio is 29.53%.
Several analysts recently issued reports on the company. Jefferies Group raised shares of Anthem from a “hold” rating to a “buy” rating and decreased their price objective for the company from $235.00 to $211.00 in a research report on Friday, January 12th. Bank of America increased their price target on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. B. Riley reaffirmed a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Goldman Sachs Group began coverage on shares of Anthem in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $243.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $233.25.
A number of institutional investors have recently bought and sold shares of ANTM. Calton & Associates Inc. acquired a new position in Anthem in the 4th quarter worth approximately $100,000. First Interstate Bank boosted its stake in shares of Anthem by 1,910.7% during the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after buying an additional 535 shares during the period. Icon Wealth Partners LLC acquired a new stake in shares of Anthem during the 4th quarter valued at $126,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Anthem during the 3rd quarter valued at $154,000. Finally, Bartlett & Co. LLC boosted its stake in shares of Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after buying an additional 264 shares during the period. 88.33% of the stock is owned by hedge funds and other institutional investors.
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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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