Barrow Hanley Mewhinney & Strauss LLC lowered its position in Anthem Inc (NYSE:ANTM) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,475,627 shares of the company’s stock after selling 105,011 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Anthem were worth $557,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Calton & Associates Inc. acquired a new stake in Anthem during the 4th quarter valued at approximately $100,000. First Interstate Bank increased its position in Anthem by 1,910.7% during the 3rd 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 period. Wealthcare Advisory Partners LLC acquired a new stake in Anthem during the 3rd quarter valued at approximately $154,000. Bartlett & Co. LLC increased its position in Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock valued at $177,000 after purchasing an additional 264 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in Anthem during the 3rd quarter valued at approximately $184,000. 86.67% of the stock is owned by institutional investors.
In related news, EVP Gloria M. Mccarthy sold 14,429 shares of the 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 transaction, the executive vice president now directly owns 30,667 shares in the company, valued at approximately $7,043,596.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph Swedish sold 67,500 shares of the stock in a transaction on Thursday, January 11th. The stock was 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 in the company, valued at $31,616,722.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 167,457 shares of company stock worth $39,862,398. 0.36% of the stock is owned by company insiders.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The company had revenue of $22.45 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the business earned $1.76 EPS. Anthem’s quarterly revenue was up 4.5% compared to the same quarter last year. sell-side analysts anticipate that Anthem Inc will post 15.09 earnings per share for the current fiscal year.
Anthem declared that its Board of Directors has initiated a share repurchase program on Thursday, December 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.75 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, March 8th. Anthem’s dividend payout ratio (DPR) is currently 19.50%.
A number of analysts have weighed in on ANTM shares. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $253.00 target price for the company in a research report on Wednesday, January 3rd. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. B. Riley reissued a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Bank of America increased their price target on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $230.80.
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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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