Anthem, Inc. (ANTM) Insider Sells $4,027,058.75 in Stock
Anthem, Inc. (NYSE:ANTM) insider Joseph Swedish sold 21,125 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total value of $4,027,058.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Joseph Swedish also recently made the following trade(s):
- On Friday, September 1st, Joseph Swedish sold 21,125 shares of Anthem stock. The shares were sold at an average price of $197.00, for a total value of $4,161,625.00.
Anthem, Inc. (NYSE:ANTM) traded up 0.10% during mid-day trading on Wednesday, hitting $193.42. 973,402 shares of the stock were exchanged. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $198.98. The firm has a market capitalization of $50.79 billion, a price-to-earnings ratio of 18.29 and a beta of 0.71. The company’s 50-day moving average price is $190.53 and its 200 day moving average price is $183.68.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. During the same period in the previous year, the company earned $3.33 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts expect that Anthem, Inc. will post $11.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Friday, September 8th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.45%. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, September 7th. Anthem’s payout ratio is 26.52%.
ANTM has been the subject of several analyst reports. Jefferies Group LLC restated a “hold” rating and set a $204.00 price target on shares of Anthem in a research report on Sunday, August 20th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a research report on Wednesday, September 20th. Morgan Stanley upped their price target on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. Cantor Fitzgerald restated a “buy” rating and set a $215.00 price target on shares of Anthem in a research report on Thursday, September 14th. Finally, BidaskClub lowered shares of Anthem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $187.50.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Anthem by 2,873.5% in the 1st quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after buying an additional 21,914,321 shares during the period. Vanguard Group Inc. boosted its position in Anthem by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock valued at $3,349,603,000 after buying an additional 479,046 shares during the period. FMR LLC boosted its position in Anthem by 8.2% in the 1st quarter. FMR LLC now owns 12,335,115 shares of the company’s stock valued at $2,039,982,000 after buying an additional 934,509 shares during the period. State Street Corp boosted its position in Anthem by 3.0% in the 1st quarter. State Street Corp now owns 11,362,446 shares of the company’s stock valued at $1,879,127,000 after buying an additional 328,727 shares during the period. Finally, Wellington Management Group LLP boosted its position in Anthem by 53.5% in the 1st quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after buying an additional 1,548,077 shares during the period. 87.65% of the stock is owned by institutional investors.
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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