Anthem Inc (ANTM) Position Lowered by Wilbanks Smith & Thomas Asset Management LLC
Wilbanks Smith & Thomas Asset Management LLC cut its position in shares of Anthem Inc (NYSE:ANTM) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,418 shares of the company’s stock after selling 320 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Anthem were worth $1,894,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new stake in Anthem in the 4th quarter valued at about $100,000. First Interstate Bank boosted its position in Anthem by 1,910.7% in the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after buying an additional 535 shares during the period. Bartlett & Co. LLC boosted its position in Anthem by 50.5% in the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after buying an additional 264 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in Anthem in the 3rd quarter valued at about $154,000. Finally, E&G Advisors LP purchased a new stake in Anthem in the 4th quarter valued at about $203,000. 86.67% of the stock is owned by institutional investors.
Shares of Anthem Inc (NYSE ANTM) opened at $232.77 on Tuesday. Anthem Inc has a 52-week low of $158.66 and a 52-week high of $267.95. The firm has a market cap of $59,770.00, a P/E ratio of 16.21, a PEG ratio of 1.33 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.51.
Anthem declared that its Board of Directors has initiated a share buyback plan on Thursday, December 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, March 8th. This is a positive change from Anthem’s previous quarterly dividend of $0.70. Anthem’s payout ratio is 19.50%.
In related news, insider Joseph Swedish sold 67,500 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $235.87, for a total transaction of $15,921,225.00. Following the completion of the transaction, the insider now owns 134,043 shares in the company, valued at approximately $31,616,722.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the transaction, the executive vice president now owns 30,667 shares of the company’s stock, valued at approximately $7,043,596.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,457 shares of company stock valued at $39,862,398. 0.36% of the stock is currently owned by company insiders.
Several equities research analysts have issued reports on ANTM shares. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. B. Riley reaffirmed a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Bank of America upped their price target on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $220.00 price target on shares of Anthem in a research report on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Anthem has a consensus rating of “Buy” and a consensus target price of $230.80.
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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.
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