GAM Holding AG lowered its holdings in Anthem Inc (NYSE:ANTM) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,935 shares of the company’s stock after selling 1,388 shares during the quarter. GAM Holding AG’s holdings in Anthem were worth $1,352,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new position in Anthem in the second quarter valued at about $235,000. Raymond James Financial Services Advisors Inc. grew its stake in Anthem by 30.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,372 shares of the company’s stock valued at $3,183,000 after acquiring an additional 3,122 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Anthem by 3,134.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 744 shares of the company’s stock valued at $177,000 after acquiring an additional 721 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Anthem in the second quarter valued at about $3,380,000. Finally, First Trust Advisors LP grew its stake in Anthem by 14.3% in the second quarter. First Trust Advisors LP now owns 136,351 shares of the company’s stock valued at $32,456,000 after acquiring an additional 17,034 shares during the period. Institutional investors and hedge funds own 87.12% of the company’s stock.

In related news, EVP Peter D. Haytaian sold 3,500 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $267.59, for a total transaction of $936,565.00. Following the sale, the executive vice president now owns 48,206 shares in the company, valued at $12,899,443.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter D. Haytaian sold 4,500 shares of the company’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $278.48, for a total value of $1,253,160.00. Following the sale, the executive vice president now owns 47,006 shares in the company, valued at approximately $13,090,230.88. The disclosure for this sale can be found here. Insiders have sold 20,826 shares of company stock worth $5,815,620 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

ANTM has been the subject of a number of research analyst reports. Credit Suisse Group boosted their target price on Anthem from $284.00 to $311.00 and gave the company an “outperform” rating in a research note on Tuesday, September 4th. Morgan Stanley raised Anthem from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $273.00 to $368.00 in a research report on Wednesday, September 5th. Citigroup cut Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price objective for the company. in a research report on Monday, September 10th. Cowen began coverage on Anthem in a research report on Monday, September 17th. They set an “outperform” rating and a $318.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $316.00 price objective on shares of Anthem in a research report on Friday, October 12th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $300.33.

ANTM opened at $287.41 on Friday. Anthem Inc has a 52-week low of $215.52 and a 52-week high of $300.57. The stock has a market cap of $75.76 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.54 and a current ratio of 1.53.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, December 5th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $3.00 annualized dividend and a yield of 1.04%. Anthem’s payout ratio is presently 24.92%.

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Anthem Company 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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