Millennium Management LLC Cuts Stake in Anthem Inc (ANTM)

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Millennium Management LLC lowered its holdings in Anthem Inc (NYSE:ANTM) by 58.3% during the first quarter, HoldingsChannel.com reports. The fund owned 180,343 shares of the company’s stock after selling 252,321 shares during the quarter. Millennium Management LLC’s holdings in Anthem were worth $39,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ANTM. Baird Financial Group Inc. increased its stake in shares of Anthem by 172.3% in the fourth quarter. Baird Financial Group Inc. now owns 8,324 shares of the company’s stock worth $1,873,000 after acquiring an additional 5,267 shares during the period. Pinnacle Associates Ltd. acquired a new stake in shares of Anthem in the fourth quarter worth $252,000. Personal Resources Investment & Strategic Management Inc. acquired a new stake in shares of Anthem in the fourth quarter worth $3,027,000. Mackenzie Financial Corp increased its stake in shares of Anthem by 25.9% in the fourth quarter. Mackenzie Financial Corp now owns 122,803 shares of the company’s stock worth $27,632,000 after acquiring an additional 25,299 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Anthem by 24.3% in the fourth quarter. Assetmark Inc. now owns 107,664 shares of the company’s stock worth $24,225,000 after acquiring an additional 21,052 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

A number of brokerages recently issued reports on ANTM. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $274.00 price target on the stock in a report on Wednesday, June 20th. Sanford C. Bernstein set a $332.00 price target on shares of Anthem and gave the stock an “outperform” rating in a report on Thursday, April 26th. Morgan Stanley increased their price target on shares of Anthem from $266.00 to $269.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. Credit Suisse Group increased their price target on shares of Anthem from $280.00 to $284.00 and gave the stock an “outperform” rating in a report on Thursday, April 26th. Finally, JPMorgan Chase & Co. raised shares of Anthem from a “neutral” rating to an “overweight” rating in a report on Thursday, April 26th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $250.57.

Anthem opened at $244.82 on Monday, according to Marketbeat.com. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.67. The firm has a market cap of $62.48 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 1.36 and a beta of 0.84. Anthem Inc has a 52-week low of $179.40 and a 52-week high of $267.95.

Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, April 25th. The company reported $5.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.83 by $0.58. The business had revenue of $22.34 billion for the quarter, compared to the consensus estimate of $22.55 billion. Anthem had a net margin of 4.60% and a return on equity of 12.77%. The company’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $4.68 earnings per share. research analysts anticipate that Anthem Inc will post 15.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Friday, June 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, June 7th. Anthem’s payout ratio is 24.92%.

In other Anthem news, Director Robert L. Dixon, Jr. sold 1,000 shares of the stock in a transaction on Friday, May 18th. The shares were sold at an average price of $231.10, for a total transaction of $231,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian T. Griffin sold 59,421 shares of the stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $224.41, for a total transaction of $13,334,666.61. Following the completion of the sale, the chief executive officer now owns 25,619 shares of the company’s stock, valued at $5,749,159.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,421 shares of company stock worth $13,798,767. Insiders own 0.31% of the company’s stock.

Anthem Profile

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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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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