Asset Dedication LLC boosted its holdings in shares of Anthem Inc (NYSE:ANTM) by 44.4% during the 1st quarter, HoldingsChannel reports. The fund owned 618 shares of the company’s stock after purchasing an additional 190 shares during the period. Asset Dedication LLC’s holdings in Anthem were worth $177,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Prime Capital Investment Advisors LLC bought a new stake in shares of Anthem in the fourth quarter valued at about $28,000. Laurel Wealth Advisors LLC bought a new stake in shares of Anthem in the fourth quarter valued at about $36,000. Liberty Wealth Management LLC bought a new stake in shares of Anthem in the first quarter valued at about $36,000. Athena Capital Advisors LLC bought a new stake in shares of Anthem in the fourth quarter valued at about $39,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of Anthem in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.
A number of analysts have recently commented on the company. Barclays cut their price target on Anthem from $338.00 to $316.00 and set an “overweight” rating on the stock in a report on Wednesday. Credit Suisse Group boosted their price target on Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a report on Friday, March 8th. ValuEngine lowered Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $333.00 price target on the stock in a report on Friday, February 1st. Finally, Stephens boosted their price target on Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, January 31st. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Anthem presently has a consensus rating of “Buy” and an average target price of $330.60.
ANTM opened at $239.62 on Friday. Anthem Inc has a 52-week low of $219.96 and a 52-week high of $317.99. The stock has a market cap of $61.64 billion, a P/E ratio of 15.08, a P/E/G ratio of 0.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.56 and a current ratio of 1.56.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, January 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.24. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The business had revenue of $23.30 billion for the quarter, compared to analyst estimates of $23.27 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. Anthem’s revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that Anthem Inc will post 19.17 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.34%. The ex-dividend date was Friday, March 15th. This is a positive change from Anthem’s previous quarterly dividend of $0.75. Anthem’s dividend payout ratio is presently 20.14%.
In other Anthem news, Director Julie A. Hill sold 500 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $299.75, for a total transaction of $149,875.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gloria M. Mccarthy sold 7,701 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $303.73, for a total value of $2,339,024.73. The disclosure for this sale can be found here. Insiders have sold 15,901 shares of company stock worth $4,821,846 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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