Sentry Investment Management LLC lowered its position in Anthem (NYSE:ANTM) by 29.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 14,825 shares of the company’s stock after selling 6,188 shares during the period. Sentry Investment Management LLC’s holdings in Anthem were worth $3,257,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Calton & Associates Inc. bought a new position in shares of Anthem in the fourth quarter worth $100,000. Icon Wealth Partners LLC bought a new position in shares of Anthem in the fourth quarter worth $126,000. Bartlett & Co. LLC increased its holdings in shares of Anthem by 50.5% in the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after purchasing an additional 264 shares during the period. Capital Analysts LLC increased its stake in Anthem by 181.7% in the fourth quarter. Capital Analysts LLC now owns 817 shares of the company’s stock valued at $855,000 after acquiring an additional 527 shares during the last quarter. Finally, Taylor Hoffman Wealth Management bought a new position in Anthem in the fourth quarter valued at $185,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.
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NYSE ANTM opened at $230.77 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.67. Anthem has a 12-month low of $174.96 and a 12-month high of $267.95. The stock has a market cap of $58,486.57, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, April 25th. The company reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.58. Anthem had a net margin of 4.60% and a return on equity of 12.77%. The business had revenue of $22.34 billion during the quarter, compared to analyst estimates of $22.55 billion. During the same period in the prior year, the business posted $4.68 earnings per share. The company’s revenue was up .1% on a year-over-year basis. sell-side analysts predict that Anthem will post 15.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Friday, June 8th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.30%. Anthem’s payout ratio is 24.92%.
ANTM has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Credit Suisse Group reissued an “outperform” rating and issued a $280.00 target price (up previously from $255.00) on shares of Anthem in a research note on Thursday, February 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $275.00 target price on shares of Anthem in a research note on Wednesday, April 25th. Morgan Stanley increased their target price on Anthem from $266.00 to $269.00 and gave the company an “equal weight” rating in a research note on Thursday, April 26th. Finally, Sanford C. Bernstein set a $332.00 target price on Anthem and gave the company an “outperform” rating in a research note on Thursday, April 26th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Anthem currently has an average rating of “Buy” and a consensus price target of $249.00.
In other news, CFO John E. Gallina sold 24,576 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $229.81, for a total transaction of $5,647,810.56. Following the completion of the sale, the chief financial officer now directly owns 22,139 shares in the company, valued at $5,087,763.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas C. Zielinski sold 20,455 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $229.23, for a total transaction of $4,688,899.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,843 shares of company stock valued at $17,228,393. Company insiders own 0.31% 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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