Anthem Inc (ANTM) Position Boosted by Eqis Capital Management Inc.
Eqis Capital Management Inc. boosted its position in shares of Anthem Inc (NYSE:ANTM) by 87.1% in the 4th quarter, HoldingsChannel reports. The fund owned 3,190 shares of the company’s stock after purchasing an additional 1,485 shares during the period. Eqis Capital Management Inc.’s holdings in Anthem were worth $838,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of ANTM. Iridian Asset Management LLC CT grew its stake in Anthem by 129.1% in the 3rd quarter. Iridian Asset Management LLC CT now owns 1,569,169 shares of the company’s stock worth $430,031,000 after buying an additional 884,335 shares in the last quarter. Vanguard Group Inc grew its stake in Anthem by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 18,729,474 shares of the company’s stock worth $5,132,811,000 after buying an additional 532,579 shares in the last quarter. Vanguard Group Inc. grew its stake in Anthem by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 18,729,474 shares of the company’s stock worth $5,132,811,000 after buying an additional 532,579 shares in the last quarter. Morgan Stanley grew its stake in Anthem by 65.9% in the 3rd quarter. Morgan Stanley now owns 676,812 shares of the company’s stock worth $185,481,000 after buying an additional 268,900 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in Anthem in the 3rd quarter worth approximately $51,834,000. 86.82% of the stock is owned by institutional investors.
In related news, Director Julie A. Hill sold 500 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $287.25, for a total transaction of $143,625.00. Following the completion of the sale, the director now directly owns 34,327 shares in the company, valued at approximately $9,860,430.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas C. Zielinski sold 7,826 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $289.71, for a total transaction of $2,267,270.46. Following the sale, the executive vice president now owns 29,466 shares of the company’s stock, valued at $8,536,594.86. The disclosure for this sale can be found here. Insiders have sold a total of 23,526 shares of company stock valued at $6,473,485 over the last quarter. 0.31% of the stock is currently owned by company insiders.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $3.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.70 by $0.11. The firm had revenue of $22.98 billion during the quarter, compared to analyst estimates of $22.85 billion. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.65 EPS. Equities research analysts expect that Anthem Inc will post 15.66 earnings per share for the current year.
A number of equities analysts have commented on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $330.00 price target (up previously from $305.00) on shares of Anthem in a research note on Monday, December 3rd. Jefferies Financial Group boosted their price target on shares of Anthem from $323.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, December 3rd. Barclays restated an “overweight” rating and issued a $300.00 price objective (up from $270.00) on shares of Anthem in a report on Thursday, November 1st. Citigroup boosted their price objective on shares of Anthem from $290.00 to $292.00 and gave the stock a “neutral” rating in a report on Tuesday, November 6th. Finally, BMO Capital Markets boosted their price objective on shares of Anthem from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, November 1st. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $311.94.
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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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