Westbourne Investment Advisors Inc. raised its stake in Anthem Inc (NYSE:ANTM) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,394 shares of the company’s stock after acquiring an additional 82 shares during the period. Anthem makes up 1.0% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 28th biggest position. Westbourne Investment Advisors Inc.’s holdings in Anthem were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC purchased a new stake in shares of Anthem during the fourth quarter valued at $28,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Anthem during the fourth quarter valued at $36,000. Athena Capital Advisors LLC purchased a new stake in shares of Anthem during the fourth quarter valued at $39,000. Semmax Financial Advisors Inc. purchased a new stake in shares of Anthem during the fourth quarter valued at $42,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Anthem during the fourth quarter valued at $49,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on ANTM. Argus began coverage on Anthem in a report on Thursday, January 24th. They issued a “buy” rating and a $333.00 target price on the stock. Stephens increased their target price on Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, January 31st. Morgan Stanley reissued an “overweight” rating and issued a $391.00 target price (up previously from $372.00) on shares of Anthem in a report on Thursday, January 31st. Barclays set a $338.00 target price on Anthem and gave the company a “buy” rating in a report on Friday, March 8th. Finally, ValuEngine downgraded Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $332.07.
Shares of NYSE ANTM traded up $10.83 during trading on Monday, hitting $263.68. The company had a trading volume of 84,976 shares, compared to its average volume of 1,363,791. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. Anthem Inc has a 12 month low of $219.96 and a 12 month high of $317.99. The company has a market capitalization of $65.05 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.20 by $0.24. The firm had revenue of $23.30 billion for the quarter, compared to the consensus estimate of $23.27 billion. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 earnings per share. Research analysts anticipate that Anthem Inc will post 19.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, March 15th. This is an increase from Anthem’s previous quarterly dividend of $0.75. Anthem’s dividend payout ratio (DPR) is 20.14%.
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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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