Bellevue Group AG Purchases 89,860 Shares of Anthem, Inc. (ANTM)

Bellevue Group AG increased its stake in Anthem, Inc. (NYSE:ANTM) by 436.2% during the first quarter, Holdings Channel reports. The institutional investor owned 110,460 shares of the company’s stock after buying an additional 89,860 shares during the period. Anthem makes up 2.4% of Bellevue Group AG’s investment portfolio, making the stock its 8th largest position. Bellevue Group AG’s holdings in Anthem were worth $18,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zebra Capital Management LLC increased its stake in shares of Anthem by 15.5% in the fourth quarter. Zebra Capital Management LLC now owns 13,233 shares of the company’s stock worth $1,903,000 after buying an additional 1,776 shares during the period. Highland Capital Management LP acquired a new stake in shares of Anthem during the fourth quarter worth about $7,214,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Anthem during the fourth quarter worth about $317,000. Loews Corp increased its stake in shares of Anthem by 1,935.5% in the fourth quarter. Loews Corp now owns 63,100 shares of the company’s stock worth $9,072,000 after buying an additional 60,000 shares during the period. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in shares of Anthem during the fourth quarter worth about $1,390,000. Institutional investors and hedge funds own 88.69% of the company’s stock.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

Shares of Anthem, Inc. (NYSE ANTM) traded down 0.11% during trading on Tuesday, hitting $192.52. The company had a trading volume of 389,613 shares. The firm’s 50 day moving average is $183.02 and its 200-day moving average is $164.55. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $192.85. The stock has a market capitalization of $51.02 billion, a P/E ratio of 18.66 and a beta of 0.68.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, beating analysts’ consensus estimates of $3.85 by $0.83. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.23 billion. During the same period in the prior year, the company earned $3.46 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Equities research analysts anticipate that Anthem, Inc. will post $11.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Wednesday, June 7th. Anthem’s payout ratio is 25.22%.

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A number of brokerages have recently issued reports on ANTM. Morgan Stanley began coverage on Anthem in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price target for the company. Cantor Fitzgerald reiterated a “buy” rating and set a $136.00 price target on shares of Anthem in a research report on Thursday, May 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $183.00 price target (up previously from $179.00) on shares of Anthem in a research report on Thursday, April 27th. Sanford C. Bernstein lifted their price target on Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Finally, Deutsche Bank AG lifted their price target on Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Anthem presently has a consensus rating of “Hold” and an average target price of $164.56.

In other news, EVP Gloria M. Mccarthy sold 15,187 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $166.38, for a total value of $2,526,813.06. Following the completion of the sale, the executive vice president now directly owns 59,144 shares of the company’s stock, valued at approximately $9,840,378.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julie A. Hill sold 555 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the completion of the sale, the director now directly owns 37,448 shares of the company’s stock, valued at $6,761,610.88. The disclosure for this sale can be found here. Insiders sold a total of 19,290 shares of company stock valued at $3,276,368 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

About Anthem

Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ANTM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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