Anthem Inc (NYSE:ANTM) Shares Sold by Diversified Trust Co

Diversified Trust Co lowered its holdings in Anthem Inc (NYSE:ANTM) by 12.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,942 shares of the company’s stock after selling 283 shares during the quarter. Diversified Trust Co’s holdings in Anthem were worth $511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Ninety One SA PTY Ltd acquired a new position in Anthem during the 1st quarter valued at $26,000. Key Financial Inc bought a new stake in shares of Anthem in the 1st quarter worth about $27,000. TFG Advisers LLC bought a new stake in shares of Anthem in the 4th quarter worth about $33,000. Ellevest Inc. grew its holdings in shares of Anthem by 37.2% in the 1st quarter. Ellevest Inc. now owns 203 shares of the company’s stock worth $46,000 after purchasing an additional 55 shares during the last quarter. Finally, OmniStar Financial Group Inc. acquired a new position in Anthem during the 1st quarter valued at about $50,000. 87.41% of the stock is currently owned by institutional investors.

In related news, EVP Gloria M. Mccarthy sold 16,884 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $270.00, for a total transaction of $4,558,680.00. Following the sale, the executive vice president now owns 42,099 shares of the company’s stock, valued at approximately $11,366,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Dixon, Jr. sold 1,102 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $284.59, for a total value of $313,618.18. Following the sale, the director now directly owns 9,568 shares in the company, valued at approximately $2,722,957.12. The disclosure for this sale can be found here. Insiders have sold a total of 56,655 shares of company stock worth $15,600,127 in the last ninety days. Insiders own 0.22% of the company’s stock.

ANTM has been the topic of a number of analyst reports. Jefferies Financial Group downgraded shares of Anthem from a “buy” rating to a “hold” rating and set a $257.00 price target on the stock. in a research report on Thursday, April 9th. Morgan Stanley increased their price target on shares of Anthem from $310.00 to $423.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. SVB Leerink started coverage on Anthem in a research note on Wednesday, July 1st. They set an “outperform” rating and a $325.00 target price for the company. SunTrust Banks increased their target price on Anthem from $280.00 to $320.00 and gave the stock a “hold” rating in a research note on Thursday, May 21st. Finally, UBS Group increased their target price on Anthem from $307.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $330.81.

Shares of NYSE ANTM opened at $262.54 on Thursday. Anthem Inc has a 52 week low of $171.03 and a 52 week high of $312.48. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.53 and a current ratio of 1.53. The stock’s fifty day moving average is $274.67 and its 200 day moving average is $272.40. The stock has a market capitalization of $66.78 billion, a P/E ratio of 14.21, a PEG ratio of 0.81 and a beta of 0.95.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $6.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.54 by ($0.06). Anthem had a return on equity of 16.38% and a net margin of 4.38%. The company had revenue of $29.45 billion for the quarter, compared to the consensus estimate of $28.63 billion. During the same quarter last year, the company posted $6.03 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities research analysts forecast that Anthem Inc will post 22.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, June 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.45%. Anthem’s dividend payout ratio is presently 19.55%.

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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