Anthem Inc (NYSE:ANTM) Shares Bought by Argent Trust Co

Argent Trust Co increased its position in shares of Anthem Inc (NYSE:ANTM) by 2.2% in the 1st quarter, Holdings reports. The firm owned 4,348 shares of the company’s stock after acquiring an additional 93 shares during the quarter. Argent Trust Co’s holdings in Anthem were worth $987,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ANTM. Wealth Quarterback LLC purchased a new stake in Anthem during the 4th quarter worth approximately $3,675,210,000. Norges Bank purchased a new stake in shares of Anthem during the fourth quarter worth approximately $774,815,000. Capital International Investors raised its holdings in Anthem by 22.8% in the fourth quarter. Capital International Investors now owns 6,978,994 shares of the company’s stock valued at $2,107,866,000 after acquiring an additional 1,298,029 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in Anthem by 67.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,237,153 shares of the company’s stock worth $675,687,000 after acquiring an additional 902,478 shares during the last quarter. Finally, M&G Investment Management Ltd. acquired a new position in Anthem during the 4th quarter worth approximately $187,621,000. 86.40% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Thomas C. Zielinski sold 19,306 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $278.34, for a total value of $5,373,632.04. Following the sale, the executive vice president now owns 48,303 shares in the company, valued at approximately $13,444,657.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gloria M. Mccarthy sold 16,884 shares of Anthem stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $270.00, for a total value of $4,558,680.00. Following the completion of the transaction, the executive vice president now owns 42,099 shares of the company’s stock, valued at approximately $11,366,730. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,553 shares of company stock valued at $15,286,509. 0.22% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the stock. Stephens decreased their price objective on shares of Anthem from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $319.00 price target on shares of Anthem in a report on Sunday, April 12th. Morgan Stanley upped their price objective on Anthem from $310.00 to $423.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Bank of America cut their target price on Anthem from $330.00 to $324.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group upped their price target on Anthem from $307.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $328.31.

Shares of NYSE ANTM traded down $1.57 during midday trading on Friday, reaching $277.11. 889,794 shares of the stock were exchanged, compared to its average volume of 1,344,740. The company has a market capitalization of $70.26 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.86 and a beta of 0.97. Anthem Inc has a 52-week low of $171.03 and a 52-week high of $312.48. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $258.58 and a 200-day moving average price of $275.14.

Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, April 29th. The company reported $6.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.54 by ($0.06). Anthem had a net margin of 4.38% and a return on equity of 16.38%. The firm had revenue of $29.45 billion during the quarter, compared to analyst estimates of $28.63 billion. During the same quarter in the previous year, the business posted $6.03 EPS. Anthem’s revenue was up 20.7% compared to the same quarter last year. On average, analysts forecast that Anthem Inc will post 22.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.37%. Anthem’s dividend payout ratio (DPR) is 19.55%.

Anthem Company Profile

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.

Further Reading: Earnings Per Share

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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