Anthem Inc (NYSE:ANTM) EVP Thomas C. Zielinski sold 20,455 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $229.23, for a total value of $4,688,899.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Anthem Inc (NYSE ANTM) traded up $0.97 on Thursday, hitting $230.00. 1,380,000 shares of the stock traded hands, compared to its average volume of 1,650,000. Anthem Inc has a twelve month low of $158.66 and a twelve month high of $267.95. The firm has a market capitalization of $58,820.00, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 1.33 and a beta of 0.87. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.66.
Anthem (NYSE:ANTM) last announced its 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. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The business had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. sell-side analysts forecast that Anthem Inc will post 15 earnings per share for the current fiscal year.
Anthem announced that its Board of Directors has approved a share buyback plan 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. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
ANTM has been the topic of several recent research reports. Cantor Fitzgerald restated a “buy” rating and set a $275.00 target price on shares of Anthem in a report on Friday, January 19th. Cowen reiterated 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 Anthem from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley upped their price objective on Anthem from $247.00 to $266.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Finally, ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Anthem presently has an average rating of “Buy” and a consensus price target of $233.25.
A number of large investors have recently made changes to their positions in the stock. Calton & Associates Inc. purchased a new position in shares of Anthem during the 4th quarter worth approximately $100,000. Icon Wealth Partners LLC acquired a new stake in Anthem during the fourth quarter worth approximately $126,000. First Interstate Bank boosted its position in Anthem by 1,910.7% during the third quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after acquiring an additional 535 shares during the last quarter. Bartlett & Co. LLC boosted its position in Anthem by 50.5% during the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after acquiring an additional 264 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Anthem during the third quarter worth approximately $154,000. Hedge funds and other institutional investors own 88.33% of the company’s stock.
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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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