Oxbow Advisors LLC Boosts Stake in Anthem Inc (NYSE:ANTM)
Oxbow Advisors LLC increased its stake in shares of Anthem Inc (NYSE:ANTM) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,516 shares of the company’s stock after buying an additional 237 shares during the period. Oxbow Advisors LLC’s holdings in Anthem were worth $4,384,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ANTM. Sandy Spring Bank lifted its holdings in Anthem by 1.4% during the 4th quarter. Sandy Spring Bank now owns 16,291 shares of the company’s stock worth $4,921,000 after buying an additional 219 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in Anthem by 2.0% during the 4th quarter. State of Tennessee Treasury Department now owns 154,481 shares of the company’s stock worth $46,657,000 after buying an additional 2,993 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in Anthem during the 4th quarter worth approximately $961,000. Beaumont Financial Partners LLC lifted its holdings in Anthem by 27.2% during the 4th quarter. Beaumont Financial Partners LLC now owns 1,203 shares of the company’s stock worth $363,000 after buying an additional 257 shares in the last quarter. Finally, Pendal Group Ltd lifted its holdings in Anthem by 1,099.7% during the 4th quarter. Pendal Group Ltd now owns 21,679 shares of the company’s stock worth $6,548,000 after buying an additional 19,872 shares in the last quarter. 88.27% of the stock is owned by hedge funds and other institutional investors.
Shares of ANTM traded down $1.05 during midday trading on Friday, reaching $297.82. The stock had a trading volume of 1,433,772 shares, compared to its average volume of 1,669,199. Anthem Inc has a 1-year low of $227.16 and a 1-year high of $317.99. The company’s fifty day simple moving average is $293.87 and its two-hundred day simple moving average is $276.50. The company has a market cap of $70.12 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.65 and a quick ratio of 1.70.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 16th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Anthem’s previous quarterly dividend of $0.80. The ex-dividend date is Friday, March 13th. Anthem’s dividend payout ratio (DPR) is 16.46%.
ANTM has been the topic of a number of research reports. Credit Suisse Group reduced their target price on shares of Anthem from $380.00 to $355.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Bank of America reduced their price objective on shares of Anthem from $330.00 to $324.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Evercore ISI upgraded shares of Anthem from an “in-line” rating to an “outperform” rating in a report on Friday, January 3rd. ValuEngine upgraded shares of Anthem from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Mizuho assumed coverage on shares of Anthem in a report on Thursday, October 17th. They issued a “neutral” rating and a $262.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $325.77.
In related news, EVP Peter D. Haytaian sold 12,095 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $300.00, for a total value of $3,628,500.00. Following the transaction, the executive vice president now directly owns 41,377 shares of the company’s stock, valued at approximately $12,413,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gail Boudreaux bought 7,600 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average cost of $266.65 per share, for a total transaction of $2,026,540.00. Following the completion of the transaction, the chief executive officer now directly owns 24,556 shares in the company, valued at $6,547,857.40. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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