Americafirst Capital Management LLC Invests $260,000 in Anthem, Inc. (ANTM)

Americafirst Capital Management LLC bought a new stake in shares of Anthem, Inc. (NYSE:ANTM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,361 shares of the company’s stock, valued at approximately $260,000.

Other large investors also recently bought and sold shares of the company. First Interstate Bank grew its holdings in shares of 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 purchasing an additional 535 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Anthem during the second quarter valued at approximately $128,000. Salem Investment Counselors Inc. grew its holdings in shares of 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 purchasing an additional 10 shares during the last quarter. Harding Loevner LP bought a new position in shares of Anthem during the second quarter valued at approximately $151,000. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of Anthem during the third quarter valued at approximately $154,000. 87.75% of the stock is owned by institutional investors.

In other news, Chairman Joseph Swedish sold 21,125 shares of the stock in a transaction on 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 sale, the chairman now owns 87,668 shares in the company, valued at approximately $20,289,005.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald W. Penczek sold 978 shares of the 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 owns 1,222 shares of the company’s stock, valued at approximately $265,687.24. The disclosure for this sale can be found here. Insiders sold 65,955 shares of company stock valued at $13,907,287 over the last 90 days. 0.36% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Jefferies Group boosted their price objective on Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $207.00 price objective for the company in a research report on Wednesday, September 20th. Morgan Stanley boosted their price objective on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Finally, Credit Suisse Group assumed coverage on Anthem in a research report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Anthem currently has an average rating of “Buy” and a consensus price target of $201.07.

Shares of Anthem, Inc. (NYSE:ANTM) opened at $227.12 on Friday. The firm has a market capitalization of $59,583.84, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.82 and a beta of 0.79. 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.

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

Anthem announced that its Board of Directors has approved a share repurchase plan on Thursday, December 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be given a $0.70 dividend. The ex-dividend date is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a yield of 1.23%. Anthem’s dividend payout ratio (DPR) is 25.32%.

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Anthem Profile

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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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