Investment Counselors of Maryland LLC Has $1.76 Million Stock Position in Anthem Inc (NYSE:ANTM)

Investment Counselors of Maryland LLC grew its position in Anthem Inc (NYSE:ANTM) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,240 shares of the company’s stock after buying an additional 225 shares during the quarter. Investment Counselors of Maryland LLC’s holdings in Anthem were worth $1,761,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cable Hill Partners LLC boosted 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. acquired a new position in shares of Anthem in the first quarter worth about $274,000. Evolution Wealth Advisors LLC acquired a new position in shares of Anthem in the second quarter worth about $55,000. Wealthfront Advisers LLC boosted 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. Finally, Pzena Investment Management LLC acquired a new position in shares of Anthem in the first quarter worth about $812,000. Institutional investors own 87.69% of the company’s stock.

In other news, EVP Thomas C. Zielinski sold 8,826 shares of Anthem stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $283.92, for a total value of $2,505,877.92. Following the transaction, the executive vice president now owns 33,183 shares of the company’s stock, valued at $9,421,317.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert L. Dixon, Jr. sold 520 shares of Anthem stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $294.11, for a total transaction of $152,937.20. Following the completion of the transaction, the director now directly owns 9,971 shares in the company, valued at approximately $2,932,570.81. The disclosure for this sale can be found here. Insiders sold 10,109 shares of company stock valued at $2,871,692 over the last quarter. Corporate insiders own 0.17% of the company’s stock.



Several brokerages have commented on ANTM. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating and set a $289.00 target price for the company. in a report on Monday. Wells Fargo & Co reiterated a “buy” rating on shares of Anthem in a report on Friday, July 26th. Morgan Stanley raised their price target on shares of Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Citigroup upgraded shares of Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price target for the company in a report on Friday, May 10th. Finally, Barclays raised their price target on shares of Anthem from $316.00 to $317.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $325.40.

NYSE ANTM traded down $2.83 during trading on Thursday, reaching $265.05. The company’s stock had a trading volume of 240,764 shares, compared to its average volume of 1,312,465. 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 market capitalization of $69.94 billion, a PE ratio of 16.68, a PEG ratio of 1.01 and a beta of 0.71. The business has a 50-day moving average price of $291.13 and a 200-day moving average price of $286.22. Anthem Inc has a 1-year low of $227.16 and a 1-year high of $317.99.

Anthem (NYSE:ANTM) last posted 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 analysts’ expectations of $24.88 billion. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.25 earnings per share. As a group, analysts expect that Anthem Inc will post 19.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Monday, September 9th. Anthem’s dividend payout ratio (DPR) is presently 20.14%.

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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