Annex Advisory Services LLC increased its position in shares of Anthem, Inc. (NYSE:ANTM) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,954 shares of the company’s stock after buying an additional 511 shares during the period. Annex Advisory Services LLC’s holdings in Anthem were worth $744,000 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. State of Alaska Department of Revenue acquired a new position in Anthem during the first quarter worth approximately $690,000. Focused Investors LLC boosted its stake in shares of Anthem by 12.7% in the first quarter. Focused Investors LLC now owns 944,800 shares of the company’s stock valued at $156,251,000 after buying an additional 106,600 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Anthem by 15.2% in the first quarter. Nationwide Fund Advisors now owns 103,053 shares of the company’s stock valued at $17,043,000 after buying an additional 13,613 shares during the period. Hollencrest Securities LLC purchased a new stake in shares of Anthem during the first quarter valued at about $242,000. Finally, Sigma Planning Corp purchased a new stake in shares of Anthem during the first quarter valued at about $214,000. Institutional investors own 89.48% of the company’s stock.

Anthem, Inc. (ANTM) opened at 191.02 on Friday. The firm has a market capitalization of $50.16 billion, a PE ratio of 18.06 and a beta of 0.73. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94. The stock’s 50 day moving average price is $190.39 and its 200 day moving average price is $177.46.

Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. During the same period in the previous year, the firm posted $3.33 earnings per share. Anthem’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts expect that Anthem, Inc. will post $11.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a $0.70 dividend. This is an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, September 7th. Anthem’s payout ratio is presently 24.62%.

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Several brokerages have recently issued reports on ANTM. Cantor Fitzgerald reaffirmed a “buy” rating and set a $136.00 price objective on shares of Anthem in a report on Thursday, May 11th. Morgan Stanley began coverage on Anthem in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price objective on the stock. Bank of America Corporation upped their price objective on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Deutsche Bank AG upped their price objective on Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 13th. Finally, Citigroup Inc. reissued a “buy” rating and set a $205.00 price target on shares of Anthem in a research report on Wednesday, June 28th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Anthem has an average rating of “Hold” and a consensus price target of $181.76.

In other Anthem news, Director Julie A. Hill sold 555 shares of Anthem stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total value of $100,210.80. Following the completion of the transaction, the director now directly owns 37,448 shares in the company, valued at $6,761,610.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas C. Zielinski sold 9,127 shares of Anthem stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the transaction, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,754 shares of company stock valued at $2,595,073. 0.36% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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