Shell Asset Management Co. Grows Holdings in Anthem, Inc. (NYSE:ANTM)

Shell Asset Management Co. grew its holdings in shares of Anthem, Inc. (NYSE:ANTMGet Rating) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,041 shares of the company’s stock after buying an additional 2,698 shares during the quarter. Shell Asset Management Co.’s holdings in Anthem were worth $12,535,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in Anthem during the fourth quarter worth $31,000. MV Capital Management Inc. lifted its stake in Anthem by 76.7% during the third quarter. MV Capital Management Inc. now owns 76 shares of the company’s stock worth $28,000 after purchasing an additional 33 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Anthem by 145.9% during the fourth quarter. Benjamin Edwards Inc. now owns 91 shares of the company’s stock worth $42,000 after purchasing an additional 54 shares during the last quarter. Allworth Financial LP lifted its stake in Anthem by 35.3% during the fourth quarter. Allworth Financial LP now owns 92 shares of the company’s stock worth $43,000 after purchasing an additional 24 shares during the last quarter. Finally, Bell Investment Advisors Inc bought a new position in Anthem during the third quarter worth $37,000. Institutional investors own 87.97% of the company’s stock.

In other news, CAO Ronald W. Penczek sold 2,423 shares of Anthem stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $463.68, for a total transaction of $1,123,496.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter D. Haytaian sold 17,703 shares of Anthem stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $460.71, for a total value of $8,155,949.13. The disclosure for this sale can be found here. Insiders have sold a total of 22,889 shares of company stock valued at $10,532,411 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

NYSE:ANTM traded down $14.81 during mid-day trading on Friday, reaching $501.93. 937,586 shares of the stock were exchanged, compared to its average volume of 1,115,861. The business has a fifty day moving average price of $485.74 and a 200 day moving average price of $453.46. The firm has a market capitalization of $121.01 billion, a PE ratio of 19.76, a PEG ratio of 1.43 and a beta of 1.05. Anthem, Inc. has a 1-year low of $355.43 and a 1-year high of $533.68. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.55.

Anthem (NYSE:ANTMGet Rating) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $8.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $7.81 by $0.44. The firm had revenue of $38.10 billion for the quarter, compared to analysts’ expectations of $37.28 billion. Anthem had a return on equity of 18.71% and a net margin of 4.33%. Anthem’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $7.01 EPS. On average, sell-side analysts forecast that Anthem, Inc. will post 28.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be given a dividend of $1.28 per share. The ex-dividend date is Thursday, June 9th. This is a positive change from Anthem’s previous quarterly dividend of $1.13. This represents a $5.12 dividend on an annualized basis and a yield of 1.02%. Anthem’s dividend payout ratio (DPR) is presently 20.16%.

ANTM has been the topic of a number of recent research reports. Argus raised their target price on Anthem from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, February 7th. Deutsche Bank Aktiengesellschaft raised their target price on Anthem from $453.00 to $574.00 and gave the company a “buy” rating in a research note on Friday, April 22nd. Credit Suisse Group raised their target price on Anthem from $518.00 to $584.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st. The Goldman Sachs Group raised their target price on Anthem from $527.00 to $605.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. Finally, Truist Financial raised their target price on Anthem from $590.00 to $610.00 in a research note on Thursday, April 21st. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $543.64.

About Anthem (Get Rating)

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small groups, individuals, Medicaid, and Medicare markets.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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