Andra AP fonden trimmed its holdings in shares of Anthem Inc (NYSE:ANTM) by 1.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 36,000 shares of the company’s stock after selling 600 shares during the period. Andra AP fonden’s holdings in Anthem were worth $8,569,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ANTM. Wealth Enhancement Advisory Services LLC grew its stake in Anthem by 4.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,672 shares of the company’s stock valued at $1,162,000 after purchasing an additional 203 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Anthem by 47.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 638 shares of the company’s stock valued at $152,000 after purchasing an additional 205 shares during the last quarter. Ballentine Partners LLC grew its stake in Anthem by 14.6% during the 2nd quarter. Ballentine Partners LLC now owns 1,647 shares of the company’s stock valued at $393,000 after purchasing an additional 210 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its stake in Anthem by 2.6% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 8,387 shares of the company’s stock valued at $1,996,000 after purchasing an additional 216 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in Anthem by 1.1% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 20,285 shares of the company’s stock valued at $4,828,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Several research firms have weighed in on ANTM. Cowen began coverage on Anthem in a research note on Monday. They set an “outperform” rating and a $318.00 price target on the stock. Citigroup downgraded Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price target on the stock. in a research note on Monday, September 10th. Morgan Stanley upgraded Anthem from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $273.00 to $368.00 in a research note on Wednesday, September 5th. Credit Suisse Group boosted their price target on Anthem from $284.00 to $311.00 and gave the company an “outperform” rating in a research note on Tuesday, September 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $296.00 price target on shares of Anthem in a research note on Thursday, July 26th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $272.79.

In related news, EVP Craig E. Samitt sold 19,541 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $246.68, for a total value of $4,820,373.88. Following the completion of the transaction, the executive vice president now owns 20,857 shares of the company’s stock, valued at approximately $5,145,004.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter D. Haytaian sold 2,936 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $270.00, for a total value of $792,720.00. Following the completion of the transaction, the executive vice president now directly owns 58,642 shares of the company’s stock, valued at approximately $15,833,340. The disclosure for this sale can be found here. Insiders sold 26,988 shares of company stock worth $6,812,655 in the last 90 days. Company insiders own 0.31% of the company’s stock.

Shares of ANTM opened at $270.97 on Wednesday. Anthem Inc has a 52 week low of $179.40 and a 52 week high of $274.00. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $70.39 billion, a PE ratio of 22.47, a P/E/G ratio of 1.48 and a beta of 0.90.

Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 25th. The company reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $4.16 by $0.09. Anthem had a return on equity of 13.28% and a net margin of 4.79%. The firm had revenue of $22.71 billion for the quarter, compared to the consensus estimate of $22.66 billion. During the same quarter in the prior year, the business earned $3.37 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. research analysts predict that Anthem Inc will post 15.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Monday, September 10th will be paid a $0.75 dividend. The ex-dividend date is Friday, September 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.11%. Anthem’s payout ratio is 24.92%.

About Anthem

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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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