Anthem Inc (ANTM) Stake Lowered by Smith Moore & CO.

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Smith Moore & CO. reduced its holdings in Anthem Inc (NYSE:ANTM) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,096 shares of the company’s stock after selling 59 shares during the quarter. Smith Moore & CO.’s holdings in Anthem were worth $1,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC raised its holdings in Anthem by 20.2% during the fourth quarter. Proficio Capital Partners LLC now owns 196 shares of the company’s stock worth $51,000 after purchasing an additional 33 shares during the last quarter. Brighton Jones LLC raised its holdings in Anthem by 3.7% during the first quarter. Brighton Jones LLC now owns 1,082 shares of the company’s stock worth $311,000 after purchasing an additional 39 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in Anthem by 7.2% during the fourth quarter. ClariVest Asset Management LLC now owns 642 shares of the company’s stock worth $169,000 after purchasing an additional 43 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Anthem by 15.3% during the first quarter. Lindbrook Capital LLC now owns 362 shares of the company’s stock worth $103,000 after purchasing an additional 48 shares during the last quarter. Finally, Clearstead Advisors LLC raised its holdings in Anthem by 3.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,366 shares of the company’s stock worth $359,000 after purchasing an additional 49 shares during the last quarter. 88.88% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on ANTM. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $293.00 price objective for the company in a report on Thursday. Citigroup raised Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price objective for the company in a report on Friday, May 10th. Barclays lifted their price objective on Anthem from $316.00 to $317.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Morgan Stanley reduced their price objective on Anthem from $391.00 to $359.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Finally, SunTrust Banks dropped their price target on Anthem to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $324.87.

Anthem stock opened at $265.07 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The firm has a market cap of $68.17 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 0.93 and a beta of 0.85. Anthem Inc has a fifty-two week low of $220.80 and a fifty-two week high of $317.99.

Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 24th. The company reported $6.03 earnings per share for the quarter, topping the consensus estimate of $5.86 by $0.17. The company had revenue of $24.39 billion during the quarter, compared to the consensus estimate of $24.31 billion. Anthem had a return on equity of 14.99% and a net margin of 4.23%. Anthem’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $5.41 earnings per share. On average, research analysts anticipate that Anthem Inc will post 19.29 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, June 7th. Anthem’s payout ratio is 20.14%.

In other Anthem news, EVP Gloria M. Mccarthy sold 7,701 shares of the firm’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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

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Anthem 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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