Wetherby Asset Management Inc. Has $1.36 Million Holdings in Anthem Inc (NYSE:ANTM)

Wetherby Asset Management Inc. increased its holdings in shares of Anthem Inc (NYSE:ANTM) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,024 shares of the company’s stock after acquiring an additional 310 shares during the period. Wetherby Asset Management Inc.’s holdings in Anthem were worth $1,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ANTM. Calton & Associates Inc. bought a new position in shares of Anthem in the 4th quarter worth $100,000. First Interstate Bank raised its stake in Anthem by 1,910.7% during the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after buying an additional 535 shares during the period. Bartlett & Co. LLC raised its stake in Anthem by 50.5% during the 4th quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after buying an additional 264 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Anthem in the 3rd quarter valued at about $154,000. Finally, Taylor Hoffman Wealth Management acquired a new stake in shares of Anthem in the 4th quarter valued at about $185,000. Institutional investors and hedge funds own 88.33% of the company’s stock.

In other Anthem news, SVP Ronald W. Penczek sold 1,966 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $231.90, for a total value of $455,915.40. Following the completion of the sale, the senior vice president now owns 2,132 shares in the company, valued at approximately $494,410.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph Swedish sold 67,500 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $235.87, for a total transaction of $15,921,225.00. Following the completion of the sale, the insider now owns 134,043 shares of the company’s stock, valued at approximately $31,616,722.41. The disclosure for this sale can be found here. Insiders sold a total of 200,720 shares of company stock worth $47,512,932 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on ANTM. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Bank of America boosted their price objective on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Credit Suisse Group restated an “outperform” rating and set a $280.00 price objective (up previously from $255.00) on shares of Anthem in a report on Thursday, February 1st. Finally, Jefferies Group upgraded shares of Anthem from a “hold” rating to a “buy” rating and dropped their price target for the company from $235.00 to $211.00 in a research report on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $233.25.

Shares of Anthem Inc (NYSE:ANTM) opened at $230.22 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.66. The company has a market cap of $58,780.24, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.32 and a beta of 0.87. Anthem Inc has a 1 year low of $158.66 and a 1 year high of $267.95.

Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. The company had revenue of $22.45 billion for the quarter, compared to analysts’ expectations of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 EPS. equities research analysts expect that Anthem Inc will post 15.09 EPS for the current fiscal year.

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

The firm 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 represents a $3.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Anthem’s previous quarterly dividend of $0.70. Anthem’s dividend payout ratio is currently 20.89%.

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About Anthem

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.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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