State of Alaska Department of Revenue Has $11.32 Million Position in Anthem Inc (NYSE:ANTM)

State of Alaska Department of Revenue lowered its stake in shares of Anthem Inc (NYSE:ANTM) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,458 shares of the company’s stock after selling 1,785 shares during the period. State of Alaska Department of Revenue’s holdings in Anthem were worth $11,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANTM. Proficio Capital Partners LLC increased its stake in Anthem by 20.2% in the 4th quarter. Proficio Capital Partners LLC now owns 196 shares of the company’s stock valued at $51,000 after buying an additional 33 shares during the last quarter. ClariVest Asset Management LLC increased its stake in Anthem by 7.2% in the 4th quarter. ClariVest Asset Management LLC now owns 642 shares of the company’s stock valued at $169,000 after buying an additional 43 shares during the last quarter. Clearstead Advisors LLC increased its stake in Anthem by 3.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,366 shares of the company’s stock valued at $359,000 after buying an additional 49 shares during the last quarter. First Bank & Trust increased its stake in Anthem by 16.1% in the 4th quarter. First Bank & Trust now owns 361 shares of the company’s stock valued at $95,000 after buying an additional 50 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in Anthem by 6.6% in the 1st quarter. Foundations Investment Advisors LLC now owns 810 shares of the company’s stock valued at $232,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Anthem stock traded down $9.27 during trading hours on Wednesday, hitting $235.86. The stock had a trading volume of 1,531,764 shares, compared to its average volume of 1,799,218. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $67.63 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. Anthem Inc has a 12-month low of $219.96 and a 12-month high of $317.99.

Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, January 30th. The company reported $2.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The firm had revenue of $23.30 billion during the quarter, compared to analyst estimates of $23.27 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. Anthem’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Anthem Inc will post 19.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, March 15th. This is a positive change from Anthem’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 1.36%. Anthem’s dividend payout ratio (DPR) is currently 20.14%.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Anthem from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $346.00 target price (up from $318.00) on shares of Anthem in a research report on Thursday, January 31st. SunTrust Banks increased their target price on shares of Anthem to $340.00 in a research report on Thursday, January 31st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $344.00 price objective (up from $330.00) on shares of Anthem in a report on Thursday, January 31st. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $332.07.

In other news, EVP Gloria M. Mccarthy sold 7,700 shares of Anthem stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $302.98, for a total transaction of $2,332,946.00. Following the completion of the transaction, the executive vice president now directly owns 46,456 shares of the company’s stock, valued at approximately $14,075,238.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gloria M. Mccarthy sold 7,701 shares of Anthem stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $303.73, for a total transaction of $2,339,024.73. The disclosure for this sale can be found here. Insiders have sold a total of 23,601 shares of company stock valued at $6,862,346 over the last three months. 0.17% of the stock is currently owned by insiders.

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About Anthem

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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