Bremer Trust National Association Decreases Holdings in Anthem Inc (ANTM)
Bremer Trust National Association cut its holdings in shares of Anthem Inc (NYSE:ANTM) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,056 shares of the company’s stock after selling 969 shares during the quarter. Bremer Trust National Association’s holdings in Anthem were worth $2,488,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of ANTM. Oppenheimer Asset Management Inc. increased its stake in shares of Anthem by 33.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,030 shares of the company’s stock worth $570,000 after buying an additional 754 shares during the period. Franklin Resources Inc. increased its stake in shares of Anthem by 44.2% in the second quarter. Franklin Resources Inc. now owns 7,941 shares of the company’s stock worth $1,494,000 after buying an additional 2,433 shares during the period. Norinchukin Bank The increased its stake in shares of Anthem by 7.0% in the second quarter. Norinchukin Bank The now owns 18,389 shares of the company’s stock worth $3,460,000 after buying an additional 1,210 shares during the period. Captrust Financial Advisors purchased a new position in shares of Anthem in the second quarter worth $128,000. Finally, Bahl & Gaynor Inc. increased its stake in shares of Anthem by 11.1% in the second quarter. Bahl & Gaynor Inc. now owns 1,451 shares of the company’s stock worth $209,000 after buying an additional 145 shares during the period. 87.41% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman Joseph Swedish sold 21,125 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the sale, the chairman now owns 87,668 shares in the company, valued at approximately $20,289,005.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Ronald W. Penczek sold 978 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total transaction of $212,636.76. Following the sale, the senior vice president now owns 1,222 shares in the company, valued at approximately $265,687.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,259 shares of company stock worth $13,194,281. 0.36% of the stock is currently owned by company insiders.
ANTM has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Bank of America lifted their target price on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Credit Suisse Group initiated coverage on shares of Anthem in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 target price on the stock. Jefferies Group lifted their target price on shares of Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. Finally, B. Riley reaffirmed a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Anthem presently has a consensus rating of “Buy” and an average target price of $205.60.
Anthem Inc (ANTM) traded up $4.82 during trading hours on Friday, reaching $239.82. 1,916,549 shares of the company traded hands, compared to its average volume of 1,419,989. The company has a market capitalization of $61,580.00, a PE ratio of 21.68, a P/E/G ratio of 1.70 and a beta of 0.79. Anthem Inc has a twelve month low of $144.44 and a twelve month high of $240.40. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.25. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 earnings per share. analysts predict that Anthem Inc will post 11.97 earnings per share for the current fiscal year.
Anthem announced that its Board of Directors has approved a share buyback plan on Thursday, December 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Tuesday, December 5th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Monday, December 4th. Anthem’s dividend payout ratio (DPR) is currently 25.32%.
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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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