Laurel Wealth Advisors Inc. bought a new position in Anthem, Inc. (NYSE:ANTM) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,557 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Interstate Bank raised its holdings in Anthem by 1,910.7% in the third quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after purchasing an additional 535 shares during the period. Captrust Financial Advisors acquired a new stake in Anthem in the second quarter worth $128,000. Salem Investment Counselors Inc. raised its holdings in Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after purchasing an additional 10 shares during the period. Harding Loevner LP acquired a new stake in shares of Anthem during the second quarter worth $151,000. Finally, Krilogy Financial LLC acquired a new stake in shares of Anthem during the second quarter worth $160,000. Institutional investors own 87.75% of the company’s stock.

In other Anthem news, SVP Ronald W. Penczek sold 978 shares of Anthem stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total value of $212,636.76. Following the sale, the senior vice president now directly owns 1,222 shares in the company, valued at approximately $265,687.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $209.85, for a total transaction of $4,433,081.25. Following the completion of the transaction, the insider now directly owns 87,668 shares of the company’s stock, valued at approximately $18,397,129.80. The disclosure for this sale can be found here. Insiders sold a total of 65,955 shares of company stock worth $13,907,287 over the last quarter. Company insiders own 0.36% of the company’s stock.

A number of equities research analysts recently commented on ANTM shares. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Morgan Stanley raised their price objective on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Bank of America raised their price objective on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, Jefferies Group raised their price objective on shares of Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Anthem presently has a consensus rating of “Buy” and a consensus price target of $201.07.

Shares of Anthem, Inc. (ANTM) opened at $224.85 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. Anthem, Inc. has a 52 week low of $140.50 and a 52 week high of $236.39. The stock has a market cap of $57,732.60, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the business earned $2.45 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. equities research analysts anticipate that Anthem, Inc. will post 11.97 earnings per share for the current fiscal year.

Anthem declared that its Board of Directors has approved a share repurchase plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.25%. Anthem’s payout ratio is currently 25.32%.

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About Anthem

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.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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