Investors Buy Shares of Anthem, Inc. (ANTM) on Weakness
Investors purchased shares of Anthem, Inc. (NYSE:ANTM) on weakness during trading hours on Monday. $69.37 million flowed into the stock on the tick-up and $54.66 million flowed out of the stock on the tick-down, for a money net flow of $14.71 million into the stock. Of all companies tracked, Anthem had the 23rd highest net in-flow for the day. Anthem traded down ($1.33) for the day and closed at $219.50
A number of equities research analysts recently issued reports on ANTM shares. Bank of America Corporation boosted their price objective on Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Leerink Swann restated an “outperform” rating on shares of Anthem in a research note on Tuesday, November 7th. Credit Suisse Group began coverage on Anthem in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price objective on the stock. BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Finally, Morgan Stanley lifted their target price on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $199.31.
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 firm has a market cap of $56,358.93, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the business posted $2.45 EPS. Anthem’s revenue was up 4.6% compared to the same quarter last year. analysts expect that Anthem, Inc. will post 11.97 earnings per share for the current year.
The firm also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s payout ratio is 25.32%.
In other news, Director Julie A. Hill sold 1,602 shares of Anthem stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total transaction of $345,551.40. Following the completion of the sale, the director now owns 35,322 shares in the company, valued at approximately $7,618,955.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total transaction of $4,027,058.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,955 shares of company stock valued at $13,179,953. 0.36% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ANTM. JPMorgan Chase & Co. boosted its holdings in shares of Anthem by 177.3% in the second quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock valued at $238,783,000 after buying an additional 811,537 shares during the period. Swiss National Bank grew its stake in shares of Anthem by 3.3% in the second quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock valued at $193,161,000 after acquiring an additional 32,900 shares in the last quarter. Deschutes Portfolio Strategy LLC acquired a new position in shares of Anthem in the second quarter valued at about $273,000. WBI Investments Inc. grew its stake in shares of Anthem by 637.6% in the second quarter. WBI Investments Inc. now owns 56,233 shares of the company’s stock valued at $10,579,000 after acquiring an additional 48,609 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in Anthem by 1.9% during the third quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock worth $8,850,000 after buying an additional 873 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.
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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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