GWM Advisors LLC Reduces Stake in Anthem Inc (NYSE:ANTM)

GWM Advisors LLC cut its position in Anthem Inc (NYSE:ANTM) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,907 shares of the company’s stock after selling 73 shares during the quarter. GWM Advisors LLC’s holdings in Anthem were worth $1,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Symmetry Partners LLC acquired a new stake in shares of Anthem in the 2nd quarter valued at about $505,000. HighTower Advisors LLC acquired a new stake in shares of Anthem in the 1st quarter valued at about $2,884,000. Empowered Funds LLC boosted its position in shares of Anthem by 30.3% in the 2nd quarter. Empowered Funds LLC now owns 9,324 shares of the company’s stock valued at $2,452,000 after purchasing an additional 2,170 shares during the period. FDx Advisors Inc. boosted its position in shares of Anthem by 35.7% in the 1st quarter. FDx Advisors Inc. now owns 2,289 shares of the company’s stock valued at $520,000 after purchasing an additional 602 shares during the period. Finally, CENTRAL TRUST Co lifted its position in Anthem by 2.0% during the 2nd quarter. CENTRAL TRUST Co now owns 2,991 shares of the company’s stock worth $787,000 after acquiring an additional 60 shares during the period. 86.82% of the stock is owned by hedge funds and other institutional investors.

ANTM opened at $273.80 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.64 and a quick ratio of 1.53. The business has a 50 day simple moving average of $264.60 and a 200-day simple moving average of $268.06. The stock has a market capitalization of $68.86 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.83 and a beta of 0.95. Anthem Inc has a 12 month low of $171.03 and a 12 month high of $309.10.

Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 29th. The company reported $9.20 earnings per share for the quarter, beating the consensus estimate of $8.77 by $0.43. Anthem had a return on equity of 19.44% and a net margin of 5.24%. The firm had revenue of $29.20 billion during the quarter, compared to the consensus estimate of $29.37 billion. During the same period last year, the business posted $4.64 EPS. Anthem’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that Anthem Inc will post 22.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, September 9th. Anthem’s payout ratio is currently 19.55%.

ANTM has been the subject of a number of recent research reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $360.00 price objective on shares of Anthem in a research report on Tuesday, June 9th. SVB Leerink increased their price objective on Anthem from $325.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday. Cfra raised Anthem from a “hold” rating to a “buy” rating and increased their price objective for the stock from $290.00 to $306.00 in a research report on Wednesday, April 29th. UBS Group increased their price objective on Anthem from $307.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. They noted that the move was a valuation call. Finally, Royal Bank of Canada increased their price objective on Anthem from $319.00 to $331.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Anthem has an average rating of “Buy” and an average target price of $333.50.

In related news, EVP Gloria M. Mccarthy sold 18,261 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $276.11, for a total value of $5,042,044.71. Following the completion of the transaction, the executive vice president now directly owns 60,360 shares of the company’s stock, valued at approximately $16,665,999.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Dixon, Jr. sold 1,102 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $284.59, for a total value of $313,618.18. Following the completion of the transaction, the director now directly owns 9,568 shares of the company’s stock, valued at $2,722,957.12. The disclosure for this sale can be found here. Insiders sold a total of 20,465 shares of company stock valued at $5,667,815 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

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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