SG Americas Securities LLC lowered its stake in Anthem, Inc. (NYSE:ANTM) by 20.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 139,696 shares of the company’s stock after selling 35,576 shares during the period. SG Americas Securities LLC’s holdings in Anthem were worth $26,281,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Highland Capital Management LLC purchased a new stake in Anthem during the first quarter worth $324,000. Tompkins Financial Corp purchased a new stake in Anthem during the first quarter worth $356,000. Reliance Trust Co. of Delaware boosted its stake in Anthem by 16.8% in the first quarter. Reliance Trust Co. of Delaware now owns 6,191 shares of the company’s stock worth $1,024,000 after buying an additional 889 shares in the last quarter. Telemus Capital LLC boosted its stake in Anthem by 12.2% in the first quarter. Telemus Capital LLC now owns 6,727 shares of the company’s stock worth $1,113,000 after buying an additional 732 shares in the last quarter. Finally, Bank of The West boosted its stake in Anthem by 1.1% in the first quarter. Bank of The West now owns 27,277 shares of the company’s stock worth $4,511,000 after buying an additional 284 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

Anthem, Inc. (NYSE ANTM) opened at 191.98 on Tuesday. The firm’s 50-day moving average is $189.86 and its 200-day moving average is $176.68. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94. The stock has a market capitalization of $50.41 billion, a price-to-earnings ratio of 18.15 and a beta of 0.73.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.46%. This is an increase from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio is 24.62%.

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A number of analysts have recently weighed in on ANTM shares. Sanford C. Bernstein raised their price target on shares of Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Deutsche Bank AG raised their price target on shares of Anthem from $166.00 to $173.00 and gave the company a “hold” rating in a report on Friday, April 28th. BidaskClub cut shares of Anthem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cantor Fitzgerald restated a “hold” rating and issued a $165.00 price target on shares of Anthem in a report on Monday, April 24th. Finally, Credit Suisse Group started coverage on shares of Anthem in a report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Anthem has an average rating of “Hold” and a consensus target price of $180.00.

In related news, Director Julie A. Hill sold 555 shares of the company’s 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 of the company’s stock, valued at $6,761,610.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie A. Hill sold 524 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the transaction, the director now directly owns 36,924 shares of the company’s stock, valued at $7,045,099.20. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock valued at $2,595,073 over the last ninety days. 0.36% of the stock is currently owned by corporate 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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