Short Interest in Anthem Inc (NYSE:ANTM) Grows By 11.8%

Anthem Inc (NYSE:ANTM) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 4,919,600 shares, an increase of 11.8% from the June 30th total of 4,400,900 shares. Based on an average daily trading volume, of 1,460,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 1.9% of the shares of the company are sold short.

Shares of NYSE ANTM traded down $0.38 during mid-day trading on Thursday, reaching $272.52. The company’s stock had a trading volume of 397,535 shares, compared to its average volume of 1,278,921. The firm’s fifty day simple moving average is $292.21. Anthem has a 52 week low of $227.16 and a 52 week high of $317.99. The company has a market cap of $72.14 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.04 and a beta of 0.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.57.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $4.64 EPS for the quarter, beating analysts’ consensus estimates of $4.61 by $0.03. Anthem had a return on equity of 15.02% and a net margin of 4.21%. The company had revenue of $25.20 billion during the quarter, compared to analyst estimates of $24.88 billion. During the same period in the prior year, the company earned $4.25 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts anticipate that Anthem will post 19.35 EPS for the current fiscal year.



The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Monday, September 9th. Anthem’s payout ratio is presently 20.14%.

A number of research firms have recently weighed in on ANTM. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $293.00 price objective for the company in a research note on Thursday, May 16th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $360.00 price objective on shares of Anthem in a research note on Sunday, April 21st. UBS Group began coverage on Anthem in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $294.00 price objective for the company. Citigroup raised Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price objective for the company in a research note on Friday, May 10th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Anthem in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Anthem currently has an average rating of “Buy” and a consensus price target of $325.67.

In other Anthem news, Director Robert L. Dixon, Jr. sold 520 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $294.11, for a total value of $152,937.20. Following the completion of the sale, the director now owns 9,971 shares in the company, valued at $2,932,570.81. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ramiro G. Peru sold 1,656 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $275.00, for a total value of $455,400.00. Following the completion of the sale, the director now owns 11,173 shares of the company’s stock, valued at approximately $3,072,575. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,765 shares of company stock valued at $3,327,092. Company insiders own 0.17% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Horan Capital Advisors LLC. bought a new stake in shares of Anthem in the 1st quarter valued at approximately $52,000. Cable Hill Partners LLC raised its holdings in shares of Anthem by 77.5% in the first quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock worth $36,000 after buying an additional 55 shares during the period. Wade G W & Inc. purchased a new stake in shares of Anthem in the first quarter worth approximately $274,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Anthem in the second quarter worth approximately $55,000. Finally, Wealthfront Advisers LLC raised its holdings in shares of Anthem by 22.7% in the first quarter. Wealthfront Advisers LLC now owns 7,098 shares of the company’s stock worth $2,037,000 after buying an additional 1,314 shares during the period. 87.53% of the stock is owned by institutional investors.

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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