Louisiana State Employees Retirement System lowered its holdings in Anthem Inc (NYSE:ANTM) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,500 shares of the company’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Anthem were worth $3,488,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Interstate Bank increased its position in shares of Anthem by 1,910.7% in the third quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after buying an additional 535 shares in the last quarter. Salem Investment Counselors Inc. increased 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 buying an additional 10 shares in the last quarter. Harding Loevner LP purchased a new position in shares of Anthem in the second quarter valued at $151,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Anthem in the third quarter valued at $154,000. Finally, Krilogy Financial LLC purchased a new position in shares of Anthem in the second quarter valued at $160,000. 87.41% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on the company. Jefferies Group upgraded Anthem from a “hold” rating to a “buy” rating and dropped their price target for the company from $235.00 to $211.00 in a research report on Friday. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $253.00 price target for the company in a research report on Wednesday, January 3rd. Goldman Sachs Group began coverage on Anthem in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $243.00 price objective for the company. Finally, Piper Jaffray Companies upgraded Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 price objective for the company in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $205.60.

In other news, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $209.85, for a total value of $4,433,081.25. Following the transaction, the insider now directly owns 87,668 shares of the company’s stock, valued at approximately $18,397,129.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald W. Penczek sold 978 shares of Anthem stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total value of $212,636.76. Following the completion of 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. Insiders sold a total of 59,259 shares of company stock valued at $13,194,281 in the last 90 days. 0.36% of the stock is owned by company insiders.

Anthem Inc (NYSE:ANTM) traded up $2.52 during trading on Tuesday, reaching $242.34. The company had a trading volume of 709,411 shares, compared to its average volume of 1,419,989. The stock has a market cap of $62,310.00, a PE ratio of 21.91, a PEG ratio of 1.70 and a beta of 0.79. Anthem Inc has a 1 year low of $144.44 and a 1 year high of $240.40. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, December 4th. Anthem’s dividend payout ratio (DPR) is 25.32%.

Anthem declared that its board has authorized a stock repurchase plan on Thursday, December 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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Anthem 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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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