Anthem, Inc. (ANTM) Chairman Joseph Swedish Sells 21,125 Shares
Anthem, Inc. (NYSE:ANTM) Chairman Joseph Swedish sold 21,125 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the completion of the transaction, the chairman now owns 87,668 shares in the company, valued at approximately $20,289,005.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Joseph Swedish also recently made the following trade(s):
- On Wednesday, November 1st, Joseph Swedish sold 21,125 shares of Anthem stock. The stock was sold at an average price of $209.85, for a total transaction of $4,433,081.25.
- On Monday, October 2nd, Joseph Swedish sold 21,125 shares of Anthem stock. The stock was sold at an average price of $190.63, for a total transaction of $4,027,058.75.
Shares of Anthem, Inc. (NYSE:ANTM) traded down $1.46 during mid-day trading on Wednesday, reaching $223.49. The company’s stock had a trading volume of 1,870,400 shares, compared to its average volume of 1,606,284. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53. The stock has a market cap of $57,758.27, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.76 and a beta of 0.79. Anthem, Inc. has a 12 month low of $140.50 and a 12 month high of $236.39.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the firm earned $2.45 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. equities research analysts predict that Anthem, Inc. will post 11.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, December 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.25%. Anthem’s dividend payout ratio is presently 25.32%.
A number of equities research analysts have recently commented on ANTM shares. Morgan Stanley raised their price objective on shares of Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Jefferies Group reiterated a “hold” rating and set a $204.00 target price on shares of Anthem in a research report on Sunday, August 20th. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $215.00 target price on shares of Anthem in a research report on Thursday, September 14th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $201.07.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Americafirst Capital Management LLC acquired a new position in Anthem in the 3rd quarter valued at about $260,000. Belpointe Asset Management LLC acquired a new position in Anthem in the 3rd quarter valued at about $309,000. Cetera Advisors LLC acquired a new position in Anthem in the 3rd quarter valued at about $465,000. IFM Investors Pty Ltd acquired a new position in Anthem in the 3rd quarter valued at about $1,409,000. Finally, Yellowstone Partners LLC acquired a new position in Anthem in the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 87.26% of the company’s stock.
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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