Westside Investment Management Inc. increased its position in Anthem, Inc. (NYSE:ANTM) by 33.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795 shares of the company’s stock after buying an additional 200 shares during the period. Westside Investment Management Inc.’s holdings in Anthem were worth $131,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ANTM. FTB Advisors Inc. increased its stake in Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock worth $117,000 after buying an additional 67 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in Anthem during the first quarter worth $149,000. Integrated Investment Consultants LLC increased its stake in Anthem by 35.3% in the first quarter. Integrated Investment Consultants LLC now owns 1,150 shares of the company’s stock worth $190,000 after buying an additional 300 shares in the last quarter. Cpcm LLC acquired a new stake in Anthem during the fourth quarter worth $203,000. Finally, Gamble Jones Investment Counsel acquired a new stake in Anthem during the first quarter worth $206,000. 88.69% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

Shares of Anthem, Inc. (ANTM) traded down 0.11% during midday trading on Tuesday, hitting $192.52. 389,613 shares of the stock traded hands. The company has a market capitalization of $51.02 billion, a P/E ratio of 18.66 and a beta of 0.68. The stock has a 50 day moving average of $183.02 and a 200 day moving average of $164.55. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $192.85.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, topping the Zacks’ consensus estimate of $3.85 by $0.83. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The company had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $21.23 billion. During the same quarter last year, the business earned $3.46 earnings per share. Anthem’s revenue was up 9.9% on a year-over-year basis. Equities research analysts predict that Anthem, Inc. will post $11.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, June 7th. Anthem’s payout ratio is currently 25.22%.

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A number of equities research analysts have weighed in on ANTM shares. Cantor Fitzgerald reiterated a “buy” rating and set a $136.00 price target on shares of Anthem in a research note on Thursday, May 11th. Morgan Stanley started coverage on shares of Anthem in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price target on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $183.00 price target (up previously from $177.00) on shares of Anthem in a research note on Sunday, April 23rd. Deutsche Bank AG started coverage on shares of Anthem in a research note on Wednesday, April 5th. They set a “hold” rating and a $166.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $183.00 price target (up previously from $179.00) on shares of Anthem in a research note on Thursday, April 27th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Anthem presently has a consensus rating of “Hold” and an average price target of $164.56.

In related news, EVP Gloria M. Mccarthy sold 15,187 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $166.38, for a total value of $2,526,813.06. Following the sale, the executive vice president now directly owns 59,144 shares of the company’s stock, valued at $9,840,378.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ronald W. Penczek sold 867 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total value of $162,527.82. Following the completion of the sale, the senior vice president now directly owns 1,872 shares in the company, valued at $350,925.12. The disclosure for this sale can be found here. Insiders sold 19,290 shares of company stock worth $3,276,368 in the last 90 days. 0.36% of the stock is owned by company insiders.

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.

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