Highbridge Capital Management LLC raised its holdings in Anthem, Inc. (NYSE:ANTM) by 725.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,081 shares of the company’s stock after purchasing an additional 7,981 shares during the period. Highbridge Capital Management LLC’s holdings in Anthem were worth $1,724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. C M Bidwell & Associates Ltd. boosted its position in shares of Anthem by 0.5% in the second quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock valued at $201,000 after acquiring an additional 5 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after acquiring an additional 10 shares during the period. Gofen & Glossberg LLC IL boosted its position in shares of Anthem by 0.6% in the second quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock valued at $478,000 after acquiring an additional 15 shares during the period. Stanley Laman Group Ltd. boosted its position in shares of Anthem by 0.8% in the second quarter. Stanley Laman Group Ltd. now owns 3,256 shares of the company’s stock valued at $613,000 after acquiring an additional 25 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Anthem by 1.5% in the second quarter. Parallel Advisors LLC now owns 1,846 shares of the company’s stock valued at $344,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

A number of equities analysts have recently commented on the stock. B. Riley restated a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Bank of America raised their price objective on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Leerink Swann restated an “outperform” rating on shares of Anthem in a research report on Tuesday, November 7th. Credit Suisse Group assumed coverage on shares of Anthem in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price objective for the company. Finally, Jefferies Group restated a “hold” rating and issued a $226.00 price objective on shares of Anthem in a research report on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $201.07.

In other Anthem news, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total transaction of $4,027,058.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ronald W. Penczek sold 978 shares of Anthem stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total transaction of $212,636.76. Following the transaction, the senior vice president now directly owns 1,222 shares in the company, valued at $265,687.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,955 shares of company stock valued at $13,907,287. 0.36% of the stock is currently owned by company insiders.

Shares of Anthem, Inc. (ANTM) opened at $227.12 on Friday. Anthem, Inc. has a 1 year low of $140.50 and a 1 year high of $236.39. The stock has a market cap of $59,583.84, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51.

Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the business posted $2.45 earnings per share. Anthem’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts anticipate that Anthem, Inc. will post 11.97 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.23%. Anthem’s payout ratio is presently 25.32%.

Anthem declared that its board has approved a stock repurchase program on Thursday, December 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: This article was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/12/15/highbridge-capital-management-llc-acquires-7981-shares-of-anthem-inc-antm.html.

Anthem Company Profile

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.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

Receive News & Stock Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related stocks with our FREE daily email newsletter.