Twin Capital Management Inc. Cuts Stock Position in Anthem Inc (NYSE:ANTM)

Twin Capital Management Inc. cut its holdings in Anthem Inc (NYSE:ANTM) by 28.3% in the second quarter, HoldingsChannel reports. The firm owned 38,460 shares of the company’s stock after selling 15,200 shares during the quarter. Twin Capital Management Inc.’s holdings in Anthem were worth $10,854,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Anthem by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 3,387,625 shares of the company’s stock worth $888,145,000 after buying an additional 273,738 shares during the period. Northern Trust Corp boosted its stake in Anthem by 1.9% during the first quarter. Northern Trust Corp now owns 3,122,110 shares of the company’s stock worth $895,982,000 after buying an additional 57,447 shares during the period. Janus Henderson Group PLC boosted its stake in Anthem by 10.1% during the first quarter. Janus Henderson Group PLC now owns 2,245,114 shares of the company’s stock worth $644,305,000 after buying an additional 205,390 shares during the period. Sanders Capital LLC boosted its stake in Anthem by 10.1% during the second quarter. Sanders Capital LLC now owns 2,196,547 shares of the company’s stock worth $696,954,000 after buying an additional 201,400 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Anthem by 7.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,184,357 shares of the company’s stock worth $339,887,000 after buying an additional 81,040 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on ANTM shares. Citigroup raised shares of 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. Morgan Stanley lifted their price objective on shares of Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Barclays lifted their price objective on shares of Anthem from $316.00 to $317.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. UBS Group started coverage on shares of Anthem in a research note on Tuesday, April 23rd. They set a “buy” rating and a $294.00 price objective for the company. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Anthem in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $325.67.



In other news, EVP Thomas C. Zielinski sold 8,826 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $283.92, for a total transaction of $2,505,877.92. Following the completion of the sale, the executive vice president now directly owns 33,183 shares of the company’s stock, valued at $9,421,317.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ramiro G. Peru sold 1,656 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $275.00, for a total transaction of $455,400.00. Following the sale, the director now directly owns 11,173 shares of the company’s stock, valued at $3,072,575. The disclosure for this sale can be found here. Insiders have sold 11,765 shares of company stock valued at $3,327,092 over the last three months. Insiders own 0.17% of the company’s stock.

Shares of ANTM traded up $2.54 during trading hours on Thursday, reaching $275.44. 72,399 shares of the company traded hands, compared to its average volume of 1,278,921. The stock has a market capitalization of $72.14 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.04 and a beta of 0.71. Anthem Inc has a 12-month low of $227.16 and a 12-month high of $317.99. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $292.21.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders 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 dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, September 9th. Anthem’s dividend payout ratio is currently 20.14%.

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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