Punch & Associates Investment Management Inc. decreased its holdings in shares of Anthem Inc (NYSE:ANTM) by 1.5% in the 1st quarter, Holdings Channel reports. The fund owned 28,592 shares of the company’s stock after selling 423 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Anthem were worth $6,282,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Calton & Associates Inc. bought a new stake in shares of Anthem during the 4th quarter valued at $100,000. Reilly Financial Advisors LLC raised its position in shares of Anthem by 144.9% during the 1st quarter. Reilly Financial Advisors LLC now owns 556 shares of the company’s stock valued at $122,000 after acquiring an additional 329 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Anthem during the 4th quarter valued at $126,000. ClariVest Asset Management LLC raised its position in shares of Anthem by 884.4% during the 1st quarter. ClariVest Asset Management LLC now owns 630 shares of the company’s stock valued at $139,000 after acquiring an additional 566 shares during the last quarter. Finally, Smart Portfolios LLC bought a new stake in shares of Anthem during the 1st quarter valued at $161,000. Institutional investors own 87.58% of the company’s stock.

ANTM has been the subject of several recent research reports. Barclays initiated coverage on shares of Anthem in a research report on Thursday, March 8th. They set an “overweight” rating and a $270.00 target price for the company. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Cantor Fitzgerald reiterated a “buy” rating and set a $275.00 target price on shares of Anthem in a research report on Wednesday, April 25th. JPMorgan Chase & Co. raised shares of Anthem from a “neutral” rating to an “overweight” rating in a report on Thursday, April 26th. Finally, Sanford C. Bernstein set a $332.00 price target on shares of Anthem and gave the company an “outperform” rating in a report on Thursday, April 26th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Anthem presently has a consensus rating of “Buy” and an average price target of $249.00.

Shares of Anthem opened at $227.86 on Thursday, MarketBeat.com reports. Anthem Inc has a 12-month low of $179.40 and a 12-month high of $267.95. The firm has a market capitalization of $58.15 billion, a PE ratio of 18.93, a PEG ratio of 1.27 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.49 and a quick ratio of 1.49.

Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, April 25th. The company reported $5.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.83 by $0.58. The firm had revenue of $22.34 billion during the quarter, compared to analyst estimates of $22.55 billion. Anthem had a net margin of 4.60% and a return on equity of 12.77%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.68 EPS. equities analysts expect that Anthem Inc will post 15.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, June 7th. Anthem’s payout ratio is presently 24.92%.

In related news, EVP Thomas C. Zielinski sold 20,455 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $229.23, for a total value of $4,688,899.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian T. Griffin sold 59,421 shares of the company’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $224.41, for a total transaction of $13,334,666.61. Following the completion of the transaction, the chief executive officer now directly owns 25,619 shares of the company’s stock, valued at $5,749,159.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,876 shares of company stock valued at $18,487,666. Company insiders own 0.31% of the company’s stock.

Anthem Profile

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.

Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.