Gofen & Glossberg LLC IL reduced its stake in Anthem Inc (NYSE:ANTM) by 10.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,525 shares of the company’s stock after selling 308 shares during the period. Gofen & Glossberg LLC IL’s holdings in Anthem were worth $418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. United Services Automobile Association raised its position in Anthem by 13.6% in the first quarter. United Services Automobile Association now owns 476,673 shares of the company’s stock valued at $78,832,000 after buying an additional 57,192 shares during the period. First Business Financial Services Inc. raised its position in Anthem by 12.5% in the first quarter. First Business Financial Services Inc. now owns 3,049 shares of the company’s stock valued at $504,000 after buying an additional 338 shares during the period. ZWJ Investment Counsel Inc. raised its position in Anthem by 18.9% in the first quarter. ZWJ Investment Counsel Inc. now owns 117,368 shares of the company’s stock valued at $19,410,000 after buying an additional 18,670 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Anthem by 0.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,430 shares of the company’s stock valued at $2,221,000 after buying an additional 50 shares during the period. Finally, Summit Financial Wealth Advisors LLC raised its position in Anthem by 16.3% in the first quarter. Summit Financial Wealth Advisors LLC now owns 14,391 shares of the company’s stock valued at $2,380,000 after buying an additional 2,015 shares during the period. 88.74% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

Anthem Inc (NYSE ANTM) traded up 0.64% during midday trading on Friday, hitting $189.96. 1,864,260 shares of the company were exchanged. Anthem Inc has a 1-year low of $114.85 and a 1-year high of $190.26. The stock has a market capitalization of $50.34 billion, a price-to-earnings ratio of 18.41 and a beta of 0.68. The stock has a 50 day moving average of $182.60 and a 200-day moving average of $163.91.

Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.85 by $0.83. Anthem had a net margin of 4.48% and a return on equity of 15.83%. The company had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $21.23 billion. During the same quarter last year, the company posted $3.46 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts expect that Anthem Inc will post $11.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, June 7th. Anthem’s dividend payout ratio is currently 25.22%.

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Several analysts have recently commented on ANTM shares. Morgan Stanley started coverage on Anthem in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 target price for the company. Cantor Fitzgerald restated a “buy” rating and issued a $136.00 target price on shares of Anthem in a research note on Thursday, May 11th. Sanford C. Bernstein raised their target price on Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Deutsche Bank AG raised their target price on Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $183.00 target price (up from $179.00) on shares of Anthem in a research note on Thursday, April 27th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $164.56.

In related news, Director Julie A. Hill sold 555 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the sale, the director now owns 37,448 shares in the company, valued at $6,761,610.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gloria M. Mccarthy sold 15,187 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $166.38, for a total transaction of $2,526,813.06. Following the completion of the sale, the executive vice president now owns 59,144 shares in the company, valued at approximately $9,840,378.72. The disclosure for this sale can be found here. Insiders sold 19,290 shares of company stock worth $3,276,368 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

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.

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