Chartwell Investment Partners LLC Cuts Stock Holdings in Anthem Inc (NYSE:ANTM)

Chartwell Investment Partners LLC decreased its position in shares of Anthem Inc (NYSE:ANTM) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,484 shares of the company’s stock after selling 709 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Anthem were worth $3,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of ANTM. Symmetry Partners LLC bought a new position in Anthem during the second quarter valued at approximately $505,000. HighTower Advisors LLC bought a new position in Anthem in the first quarter worth approximately $2,884,000. Empowered Funds LLC raised its position in Anthem by 30.3% in the second quarter. Empowered Funds LLC now owns 9,324 shares of the company’s stock worth $2,452,000 after acquiring an additional 2,170 shares during the period. FDx Advisors Inc. raised its position in Anthem by 35.7% in the first quarter. FDx Advisors Inc. now owns 2,289 shares of the company’s stock worth $520,000 after acquiring an additional 602 shares during the period. Finally, CENTRAL TRUST Co raised its position in Anthem by 2.0% in the second quarter. CENTRAL TRUST Co now owns 2,991 shares of the company’s stock worth $787,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 86.82% of the company’s stock.

Shares of NYSE ANTM opened at $273.80 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.64 and a quick ratio of 1.53. The company has a market cap of $68.86 billion, a P/E ratio of 11.89, a PEG ratio of 0.83 and a beta of 0.95. Anthem Inc has a 1 year low of $171.03 and a 1 year high of $309.10. The firm has a 50-day simple moving average of $264.60 and a two-hundred day simple moving average of $268.06.

Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $9.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.77 by $0.43. The business had revenue of $29.20 billion during the quarter, compared to the consensus estimate of $29.37 billion. Anthem had a net margin of 5.24% and a return on equity of 19.44%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.64 earnings per share. As a group, equities research analysts expect that Anthem Inc will post 22.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, September 9th. Anthem’s dividend payout ratio (DPR) is 19.55%.

In related news, EVP Gloria M. Mccarthy sold 18,261 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $276.11, for a total value of $5,042,044.71. Following the completion of the transaction, the executive vice president now owns 60,360 shares of the company’s stock, valued at $16,665,999.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie A. Hill sold 1,102 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $283.26, for a total transaction of $312,152.52. Following the completion of the transaction, the director now directly owns 31,822 shares of the company’s stock, valued at approximately $9,013,899.72. The disclosure for this sale can be found here. Insiders sold 20,465 shares of company stock valued at $5,667,815 in the last three months. 0.22% of the stock is currently owned by insiders.

Several brokerages have recently commented on ANTM. Deutsche Bank decreased their price objective on shares of Anthem from $362.00 to $349.00 and set a “buy” rating on the stock in a research report on Thursday. SVB Leerink raised their target price on shares of Anthem from $325.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday. Cantor Fitzgerald reaffirmed a “buy” rating and set a $360.00 target price on shares of Anthem in a research note on Tuesday, June 9th. Goldman Sachs Group started coverage on shares of Anthem in a research note on Friday, June 5th. They set a “neutral” rating and a $340.00 target price for the company. Finally, UBS Group raised their target price on shares of Anthem from $307.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven 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 $333.50.

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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