First Allied Advisory Services Inc. Lowers Stake in Anthem Inc (NYSE:ANTM)

First Allied Advisory Services Inc. cut its stake in Anthem Inc (NYSE:ANTM) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,872 shares of the company’s stock after selling 655 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Anthem were worth $1,278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANTM. CI Investments Inc. increased its holdings in Anthem by 41.9% in the third quarter. CI Investments Inc. now owns 262,000 shares of the company’s stock worth $71,801,000 after buying an additional 77,300 shares during the last quarter. Martingale Asset Management L P increased its holdings in Anthem by 0.6% in the third quarter. Martingale Asset Management L P now owns 153,079 shares of the company’s stock worth $41,952,000 after buying an additional 900 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Anthem by 99.7% in the third quarter. Baird Financial Group Inc. now owns 16,619 shares of the company’s stock worth $4,590,000 after buying an additional 8,295 shares during the last quarter. Blair William & Co. IL increased its holdings in Anthem by 16.3% in the third quarter. Blair William & Co. IL now owns 2,100 shares of the company’s stock worth $576,000 after buying an additional 295 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Anthem by 21.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,470 shares of the company’s stock worth $12,439,000 after buying an additional 7,984 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

A number of equities analysts recently commented on the company. Cantor Fitzgerald restated a “buy” rating and issued a $360.00 price objective on shares of Anthem in a report on Sunday. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $333.00 price objective on the stock in a report on Friday, February 1st. Barclays dropped their price objective on Anthem from $338.00 to $316.00 and set an “overweight” rating on the stock in a report on Wednesday. Stephens increased their price objective on Anthem from $310.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, January 31st. Finally, ValuEngine downgraded Anthem from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $332.60.

In other news, Director Julie A. Hill sold 500 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $299.75, for a total value of $149,875.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gloria M. Mccarthy sold 7,701 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $303.73, for a total value of $2,339,024.73. The disclosure for this sale can be found here. Insiders sold 15,901 shares of company stock valued at $4,821,846 over the last three months. 0.17% of the stock is owned by company insiders.

ANTM stock traded up $3.37 during midday trading on Friday, hitting $239.62. 3,977,874 shares of the company traded hands, compared to its average volume of 2,499,634. Anthem Inc has a twelve month low of $219.96 and a twelve month high of $317.99. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. The company has a market cap of $61.64 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.85 and a beta of 0.92.

Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, January 30th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.24. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The company had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. During the same period in the prior year, the business earned $1.29 earnings per share. Anthem’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that Anthem Inc will post 19.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.34%. This is a boost from Anthem’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 15th. Anthem’s dividend payout ratio is currently 20.14%.

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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.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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