Crossmark Global Holdings Inc. decreased its holdings in Anthem Inc (NYSE:ANTM) by 26.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,959 shares of the company’s stock after selling 9,147 shares during the period. Crossmark Global Holdings Inc.’s holdings in Anthem were worth $5,616,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Stephens Inc. AR increased its holdings in Anthem by 5.0% in the fourth quarter. Stephens Inc. AR now owns 16,874 shares of the company’s stock worth $3,797,000 after buying an additional 809 shares during the last quarter. Calton & Associates Inc. acquired a new position in Anthem in the fourth quarter worth approximately $100,000. Dowling & Yahnke LLC increased its holdings in Anthem by 3.3% in the fourth quarter. Dowling & Yahnke LLC now owns 7,445 shares of the company’s stock worth $1,675,000 after buying an additional 241 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Anthem by 2.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 48,768 shares of the company’s stock worth $10,973,000 after buying an additional 1,380 shares during the last quarter. Finally, Steinberg Global Asset Management increased its holdings in Anthem by 9.7% in the fourth quarter. Steinberg Global Asset Management now owns 4,211 shares of the company’s stock worth $948,000 after buying an additional 373 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.
Anthem Inc (NYSE:ANTM) traded down $4.75 on Thursday, hitting $230.27. The stock had a trading volume of 709,686 shares, compared to its average volume of 1,725,542. Anthem Inc has a 12 month low of $158.66 and a 12 month high of $267.95. The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $60,880.00, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.30%. This is a boost from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s dividend payout ratio is currently 19.50%.
Anthem declared that its Board of Directors has approved a share repurchase plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
A number of research firms recently commented on ANTM. Morgan Stanley increased their price objective on Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Cantor Fitzgerald restated a “buy” rating and issued a $275.00 price objective on shares of Anthem in a report on Friday, January 19th. Wells Fargo & Co upped their target price on Anthem from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and an average price target of $230.80.
In related news, EVP Gloria M. Mccarthy sold 14,429 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $229.68, for a total value of $3,314,052.72. Following the completion of the transaction, the executive vice president now directly owns 30,667 shares in the company, valued at $7,043,596.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Swedish sold 67,500 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $235.87, for a total value of $15,921,225.00. Following the completion of the transaction, the insider now owns 134,043 shares of the company’s stock, valued at $31,616,722.41. The disclosure for this sale can be found here. Insiders sold 167,457 shares of company stock valued at $39,862,398 over the last three months. 0.36% of the stock is owned by company insiders.
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Anthem Company 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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