Anthem Inc (ANTM) EVP Sells $3,314,052.72 in Stock

Anthem Inc (NYSE:ANTM) EVP Gloria M. Mccarthy sold 14,429 shares of the business’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 sale, the executive vice president now directly owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Anthem Inc (ANTM) opened at $233.89 on Thursday. Anthem Inc has a 52-week low of $143.99 and a 52-week high of $236.39. The firm has a market cap of $60,050.00, a P/E ratio of 21.15, a PEG ratio of 1.70 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the company earned $2.45 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. research analysts expect that Anthem Inc will post 11.97 earnings per share for the current fiscal year.

Anthem announced that its board has approved a share buyback plan on Thursday, December 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. Anthem’s payout ratio is presently 25.32%.

A number of large investors have recently bought and sold shares of ANTM. Marshall Wace North America L.P. purchased a new stake in Anthem during the second quarter valued at approximately $875,000. Oppenheimer Asset Management Inc. lifted its position in Anthem by 33.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,030 shares of the company’s stock valued at $570,000 after acquiring an additional 754 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in Anthem during the second quarter valued at approximately $790,000. Franklin Resources Inc. lifted its position in Anthem by 44.2% during the second quarter. Franklin Resources Inc. now owns 7,941 shares of the company’s stock valued at $1,494,000 after acquiring an additional 2,433 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd lifted its position in Anthem by 114.2% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 28,011 shares of the company’s stock valued at $5,270,000 after acquiring an additional 14,931 shares during the last quarter. 87.41% of the stock is owned by institutional investors.

Several research firms have issued reports on ANTM. Morgan Stanley boosted their price objective on shares of Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a research report on Thursday, September 14th. Cantor Fitzgerald reissued a “buy” rating and issued a $220.00 price objective on shares of Anthem in a research report on Wednesday, October 25th. Cowen reissued a “buy” rating and issued a $160.00 price objective on shares of Anthem in a research report on Thursday, September 21st. Finally, BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $206.60.

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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.

Insider Buying and Selling by Quarter for Anthem (NYSE:ANTM)

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