Amica Mutual Insurance Co. lowered its stake in Anthem Inc. (NYSE:ANTM) by 28.6% during the third quarter, Holdings Channel reports. The fund owned 13,739 shares of the company’s stock after selling 5,490 shares during the period. Amica Mutual Insurance Co.’s holdings in Anthem were worth $1,722,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Anthem by 13.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,762 shares of the company’s stock valued at $1,644,000 after buying an additional 1,399 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of Anthem by 218.2% in the first quarter. First Republic Investment Management Inc. now owns 57,133 shares of the company’s stock valued at $7,941,000 after buying an additional 39,180 shares during the last quarter. BlueMountain Capital Management LLC raised its position in shares of Anthem by 6,702.4% in the first quarter. BlueMountain Capital Management LLC now owns 2,857 shares of the company’s stock valued at $397,000 after buying an additional 2,815 shares during the last quarter. Boothbay Fund Management LLC raised its position in shares of Anthem by 3.9% in the first quarter. Boothbay Fund Management LLC now owns 1,607 shares of the company’s stock valued at $223,000 after buying an additional 61 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its position in shares of Anthem by 21.4% in the second quarter. Integrated Investment Consultants LLC now owns 850 shares of the company’s stock valued at $112,000 after buying an additional 150 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

Shares of Anthem Inc. (NYSE:ANTM) traded down 1.89% during midday trading on Wednesday, reaching $142.53. The company had a trading volume of 2,535,083 shares. The firm’s 50 day moving average price is $128.81 and its 200-day moving average price is $129.38. Anthem Inc. has a 1-year low of $114.85 and a 1-year high of $148.00. The stock has a market capitalization of $37.55 billion, a price-to-earnings ratio of 16.73 and a beta of 0.57.

Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by $0.02. The company earned $21.13 billion during the quarter, compared to the consensus estimate of $20.77 billion. Anthem had a net margin of 2.74% and a return on equity of 11.64%. Anthem’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.73 earnings per share. Equities research analysts expect that Anthem Inc. will post $10.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, December 1st. Anthem’s payout ratio is 30.52%.

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ANTM has been the subject of a number of recent research reports. Zacks Investment Research upgraded Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Wolfe Research upgraded Anthem from a “market perform” rating to an “outperform” rating and set a $173.00 target price for the company in a research report on Tuesday, November 22nd. Jefferies Group downgraded Anthem from a “buy” rating to a “hold” rating and dropped their target price for the stock from $156.00 to $138.00 in a research report on Tuesday, September 13th. JPMorgan Chase & Co. downgraded Anthem from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $154.00 to $132.00 in a research report on Monday, October 17th. Finally, Leerink Swann restated a “buy” rating and issued a $155.00 target price on shares of Anthem in a research report on Monday, September 26th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $158.39.

In related news, insider Joseph Swedish sold 24,513 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $131.48, for a total transaction of $3,222,969.24. Following the completion of the sale, the insider now directly owns 87,381 shares of the company’s stock, valued at approximately $11,488,853.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald W. Penczek sold 820 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $138.29, for a total value of $113,397.80. Following the sale, the senior vice president now directly owns 1,320 shares of the company’s stock, valued at $182,542.80. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.

About Anthem

Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.

5 Day Chart for NYSE:ANTM

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