HWG Holdings LP Grows Position in Anthem Inc (ANTM)

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HWG Holdings LP lifted its position in shares of Anthem Inc (NYSE:ANTM) by 326.3% during the 4th quarter, HoldingsChannel reports. The firm owned 27,071 shares of the company’s stock after acquiring an additional 20,721 shares during the period. Anthem accounts for about 15.0% of HWG Holdings LP’s investment portfolio, making the stock its 2nd biggest holding. HWG Holdings LP’s holdings in Anthem were worth $7,110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANTM. Psagot Investment House Ltd. bought a new stake in Anthem in the fourth quarter worth $5,478,000. 10 15 Associates Inc. boosted its holdings in Anthem by 3.1% in the fourth quarter. 10 15 Associates Inc. now owns 42,777 shares of the company’s stock worth $11,235,000 after acquiring an additional 1,306 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Anthem by 2.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 176,488 shares of the company’s stock worth $46,351,000 after acquiring an additional 4,833 shares in the last quarter. CI Investments Inc. boosted its holdings in Anthem by 373.8% in the fourth quarter. CI Investments Inc. now owns 1,241,273 shares of the company’s stock worth $325,995,000 after acquiring an additional 979,273 shares in the last quarter. Finally, Kaizen Advisory LLC boosted its holdings in Anthem by 15.1% in the fourth quarter. Kaizen Advisory LLC now owns 688 shares of the company’s stock worth $181,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 87.88% of the company’s stock.

Several equities research analysts have commented on the company. Argus assumed coverage on Anthem in a report on Thursday, January 24th. They issued a “buy” rating and a $333.00 target price on the stock. Barclays restated a “buy” rating and issued a $282.00 price target on shares of Anthem in a research note on Sunday, January 6th. Stephens initiated coverage on Anthem in a research note on Monday, January 14th. They issued an “overweight” rating and a $310.00 price target for the company. Morgan Stanley restated an “overweight” rating and issued a $391.00 price target (up previously from $372.00) on shares of Anthem in a research note on Thursday, January 31st. Finally, Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $332.07.

Shares of ANTM stock traded down $1.29 during mid-day trading on Friday, hitting $304.16. The company’s stock had a trading volume of 8,544 shares, compared to its average volume of 1,698,249. Anthem Inc has a 52-week low of $215.52 and a 52-week high of $317.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $78.34 billion, a P/E ratio of 19.11, a P/E/G ratio of 1.07 and a beta of 0.93.

Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. The firm had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. As a group, analysts anticipate that Anthem Inc will post 19.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, March 15th. This is a boost from Anthem’s previous quarterly dividend of $0.75. Anthem’s dividend payout ratio is 18.88%.

In related news, EVP Gloria M. Mccarthy sold 7,701 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $303.73, for a total transaction of $2,339,024.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gloria M. Mccarthy sold 7,700 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $302.98, for a total value of $2,332,946.00. Following the sale, the executive vice president now owns 46,456 shares of the company’s stock, valued at approximately $14,075,238.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,601 shares of company stock valued at $7,631,276. 0.31% of the stock is owned by company insiders.

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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.

See Also: Bid-Ask Spread

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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