Northwestern Mutual Wealth Management Co. increased its stake in shares of Anthem Inc (NYSE:ANTM) by 113.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 37,515 shares of the company’s stock after purchasing an additional 19,936 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Anthem were worth $8,518,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. CFM Wealth Partners LLC acquired a new position in shares of Anthem in the fourth quarter valued at approximately $31,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Anthem in the 4th quarter valued at approximately $30,000. TFG Advisers LLC acquired a new position in shares of Anthem in the 4th quarter valued at approximately $33,000. Key Financial Inc acquired a new position in Anthem during the 1st quarter worth approximately $27,000. Finally, Princeton Global Asset Management LLC acquired a new position in Anthem during the 4th quarter worth approximately $41,000. 86.40% of the stock is owned by hedge funds and other institutional investors.
ANTM opened at $277.11 on Friday. Anthem Inc has a 1-year low of $171.03 and a 1-year high of $312.48. The stock’s fifty day simple moving average is $258.58 and its 200 day simple moving average is $275.14. 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 market cap of $70.26 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $6.48 earnings per share for the quarter, missing analysts’ consensus estimates of $6.54 by ($0.06). Anthem had a net margin of 4.38% and a return on equity of 16.38%. The business had revenue of $29.45 billion during the quarter, compared to the consensus estimate of $28.63 billion. During the same quarter last year, the company posted $6.03 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. Equities 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 paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Tuesday, June 9th. Anthem’s dividend payout ratio (DPR) is presently 19.55%.
In other Anthem news, EVP Gloria M. Mccarthy sold 18,261 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $276.11, for a total value of $5,042,044.71. Following the transaction, the executive vice president now directly owns 60,360 shares of the company’s stock, valued at approximately $16,665,999.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas C. Zielinski sold 19,306 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 48,303 shares in the company, valued at $13,444,657.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,553 shares of company stock worth $15,286,509. 0.22% of the stock is owned by company insiders.
ANTM has been the subject of a number of recent research reports. Jefferies Financial Group downgraded Anthem from a “buy” rating to a “hold” rating and set a $257.00 price target for the company. in a research report on Thursday, April 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $319.00 price target on shares of Anthem in a research report on Sunday, April 12th. UBS Group upped their price target on Anthem from $307.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. They noted that the move was a valuation call. Deutsche Bank upped their price target on Anthem from $314.00 to $362.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, SunTrust Banks upped their price target on Anthem from $280.00 to $320.00 and gave the stock a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $328.31.
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.
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