Magnetar Financial LLC Sells 14,376 Shares of Anthem, Inc. (ANTM)
Magnetar Financial LLC cut its holdings in Anthem, Inc. (NYSE:ANTM) by 88.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,854 shares of the company’s stock after selling 14,376 shares during the period. Magnetar Financial LLC’s holdings in Anthem were worth $352,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of ANTM. First Interstate Bank boosted its holdings in Anthem by 1,910.7% during the third quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after acquiring an additional 535 shares during the period. Captrust Financial Advisors bought a new stake in Anthem during the second quarter valued at about $128,000. Salem Investment Counselors Inc. boosted its holdings in Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after acquiring an additional 10 shares during the period. Harding Loevner LP bought a new stake in Anthem during the second quarter valued at about $151,000. Finally, Krilogy Financial LLC bought a new stake in Anthem during the second quarter valued at about $160,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.
ANTM has been the subject of a number of recent analyst reports. B. Riley restated a “buy” rating on shares of Anthem in a report on Wednesday, December 6th. Jefferies Group upped their price target on shares of Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a report on Friday, October 13th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $207.00 target price for the company in a research note on Wednesday, September 20th. Morgan Stanley increased their target price on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Finally, Credit Suisse Group started coverage on shares of Anthem in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 target price for the company. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $201.07.
Shares of Anthem, Inc. (ANTM) opened at $227.12 on Friday. 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 one year low of $140.50 and a one year high of $236.39. The firm has a market cap of $59,583.84, a PE ratio of 18.62, a P/E/G ratio of 1.82 and a beta of 0.79.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the business posted $2.45 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. research analysts forecast that Anthem, Inc. will post 11.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
Anthem announced that its board has authorized a stock buyback program on Thursday, December 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In related news, SVP Ronald W. Penczek sold 978 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total value of $212,636.76. Following the completion of the transaction, the senior vice president now owns 1,222 shares of the company’s stock, valued at $265,687.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Joseph Swedish sold 21,125 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the completion of the transaction, the chairman now directly owns 87,668 shares of the company’s stock, valued at approximately $20,289,005.24. The disclosure for this sale can be found here. Insiders sold 65,955 shares of company stock valued at $13,907,287 in the last three months. Company insiders own 0.36% of the company’s stock.
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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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