Sector Gamma AS Boosts Stock Position in Anthem Inc (NYSE:ANTM)

Sector Gamma AS raised its stake in Anthem Inc (NYSE:ANTM) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 74,607 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Anthem comprises 3.0% of Sector Gamma AS’s portfolio, making the stock its 11th largest holding. Sector Gamma AS’s holdings in Anthem were worth $17,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC acquired a new stake in shares of Anthem during the second quarter worth about $28,000. Next Capital Management LLC acquired a new stake in shares of Anthem during the second quarter worth about $30,000. Motco acquired a new stake in shares of Anthem during the second quarter worth about $31,000. NuWave Investment Management LLC boosted its stake in shares of Anthem by 46.3% during the second quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after buying an additional 38 shares during the period. Finally, Clean Yield Group acquired a new stake in shares of Anthem during the second quarter worth about $36,000. Institutional investors own 89.09% of the company’s stock.

In other Anthem news, EVP Peter D. Haytaian sold 9,586 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $269.57, for a total value of $2,584,098.02. Following the completion of the transaction, the executive vice president now directly owns 42,488 shares of the company’s stock, valued at $11,453,490.16. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

NYSE:ANTM traded up $2.32 during mid-day trading on Friday, reaching $282.09. The stock had a trading volume of 1,213,272 shares, compared to its average volume of 1,697,421. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $69.22 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.01 and a beta of 0.74. Anthem Inc has a twelve month low of $227.16 and a twelve month high of $317.99. The business has a 50 day simple moving average of $252.84 and a 200 day simple moving average of $270.42.

Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 23rd. The company reported $4.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.82 by $0.05. Anthem had a net margin of 4.29% and a return on equity of 15.59%. The company had revenue of $26.44 billion during the quarter, compared to analysts’ expectations of $25.88 billion. During the same period last year, the company posted $3.81 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, sell-side analysts expect that Anthem Inc will post 19.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $3.20 dividend on an annualized basis and a yield of 1.13%. Anthem’s dividend payout ratio (DPR) is presently 20.14%.

ANTM has been the subject of several recent research reports. Wells Fargo & Co reiterated a “buy” rating on shares of Anthem in a research note on Friday, July 26th. Credit Suisse Group decreased their target price on shares of Anthem from $345.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. ValuEngine downgraded shares of Anthem from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Morgan Stanley increased their target price on shares of Anthem from $356.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank initiated coverage on shares of Anthem in a research note on Thursday, September 12th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $319.72.

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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