Ffcm LLC cut its holdings in shares of Anthem Inc (NYSE:ANTM) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,752 shares of the company’s stock after selling 722 shares during the period. Ffcm LLC’s holdings in Anthem were worth $4,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. raised its holdings in Anthem by 0.3% during the third quarter. Alliancebernstein L.P. now owns 2,958,593 shares of the company’s stock worth $810,802,000 after purchasing an additional 7,671 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in Anthem by 3.3% during the second quarter. OppenheimerFunds Inc. now owns 2,412,481 shares of the company’s stock worth $574,244,000 after purchasing an additional 77,194 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Anthem by 40.2% during the second quarter. Artisan Partners Limited Partnership now owns 1,788,388 shares of the company’s stock worth $425,690,000 after purchasing an additional 512,962 shares in the last quarter. Iridian Asset Management LLC CT raised its holdings in Anthem by 129.1% during the third quarter. Iridian Asset Management LLC CT now owns 1,569,169 shares of the company’s stock worth $430,031,000 after purchasing an additional 884,335 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Anthem by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,159,985 shares of the company’s stock worth $276,112,000 after purchasing an additional 12,805 shares in the last quarter. Institutional investors and hedge funds own 87.59% of the company’s stock.

In other Anthem news, EVP Peter D. Haytaian sold 3,500 shares of Anthem stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $265.92, for a total transaction of $930,720.00. Following the transaction, the executive vice president now directly owns 57,674 shares in the company, valued at approximately $15,336,670.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julie A. Hill sold 500 shares of Anthem stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $287.25, for a total transaction of $143,625.00. Following the transaction, the director now owns 34,327 shares in the company, valued at $9,860,430.75. The disclosure for this sale can be found here. Insiders sold 23,525 shares of company stock worth $6,488,523 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

NYSE ANTM opened at $277.86 on Wednesday. The firm has a market capitalization of $72.88 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.45 and a beta of 0.86. Anthem Inc has a 1 year low of $215.52 and a 1 year high of $290.84. The company has a current ratio of 1.53, a quick ratio of 1.54 and a debt-to-equity ratio of 0.59.

Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.70 by $0.11. The company had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $22.85 billion. Anthem had a return on equity of 13.99% and a net margin of 4.98%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.65 earnings per share. As a group, analysts anticipate that Anthem Inc will post 15.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, December 5th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $3.00 annualized dividend and a dividend yield of 1.08%. Anthem’s dividend payout ratio is currently 24.92%.

Several brokerages recently commented on ANTM. Citigroup boosted their target price on Anthem from $290.00 to $292.00 and gave the stock a “neutral” rating in a report on Tuesday, November 6th. Royal Bank of Canada boosted their target price on Anthem to $318.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. SunTrust Banks boosted their target price on Anthem to $315.00 and gave the stock a “hold” rating in a report on Thursday, November 1st. Morgan Stanley boosted their target price on Anthem from $368.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, November 1st. Finally, Credit Suisse Group boosted their target price on Anthem from $311.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $294.73.

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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.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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