Creative Planning Has $5.04 Million Stake in Anthem Inc (ANTM)

Creative Planning cut its stake in Anthem Inc (NYSE:ANTM) by 4.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,378 shares of the company’s stock after selling 845 shares during the period. Creative Planning’s holdings in Anthem were worth $5,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Allianz Asset Management GmbH grew its position in Anthem by 31.5% in the first quarter. Allianz Asset Management GmbH now owns 2,108,871 shares of the company’s stock worth $463,319,000 after acquiring an additional 505,252 shares during the period. Summit Trail Advisors LLC grew its position in Anthem by 271.2% in the first quarter. Summit Trail Advisors LLC now owns 4,209 shares of the company’s stock worth $246,000 after acquiring an additional 3,075 shares during the period. Washington Trust Bank grew its position in Anthem by 2.1% in the second quarter. Washington Trust Bank now owns 34,137 shares of the company’s stock worth $8,125,000 after acquiring an additional 708 shares during the period. DnB Asset Management AS grew its position in Anthem by 2.0% in the second quarter. DnB Asset Management AS now owns 102,450 shares of the company’s stock worth $24,386,000 after acquiring an additional 2,000 shares during the period. Finally, XR Securities LLC purchased a new position in Anthem in the second quarter worth approximately $510,000. Institutional investors and hedge funds own 86.88% of the company’s stock.

Several research analysts recently weighed in on ANTM shares. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Cowen started coverage on Anthem in a research note on Monday, September 17th. They set an “outperform” rating and a $318.00 price target on the stock. BMO Capital Markets upgraded Anthem from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $275.00 to $290.00 in a research note on Monday, July 9th. Citigroup cut 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. Finally, Cantor Fitzgerald restated a “buy” rating and set a $275.00 price target on shares of Anthem in a research note on Wednesday, July 25th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $274.21.



In other Anthem news, CAO Ronald W. Penczek sold 763 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $265.56, for a total transaction of $202,622.28. Following the transaction, the chief accounting officer now owns 1,334 shares of the company’s stock, valued at $354,257.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julie A. Hill sold 248 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $267.01, for a total value of $66,218.48. Following the transaction, the director now directly owns 34,827 shares in the company, valued at approximately $9,299,157.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,947 shares of company stock worth $3,207,281. Corporate insiders own 0.31% of the company’s stock.

NYSE:ANTM opened at $265.75 on Friday. The firm has a market capitalization of $69.08 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.52 and a current ratio of 1.52. Anthem Inc has a 12 month low of $205.93 and a 12 month high of $283.06.

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

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.

Further Reading: Why do company’s buyback their stock?

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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