Narwhal Capital Management Boosts Position in Anthem, Inc. (NYSE:ANTM)

Narwhal Capital Management increased its position in Anthem, Inc. (NYSE:ANTM) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,860 shares of the company’s stock after buying an additional 400 shares during the period. Anthem makes up 1.2% of Narwhal Capital Management’s portfolio, making the stock its 23rd largest position. Narwhal Capital Management’s holdings in Anthem were worth $4,489,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Acropolis Investment Management LLC raised its stake in Anthem by 7.9% in the first quarter. Acropolis Investment Management LLC now owns 9,240 shares of the company’s stock worth $1,528,000 after buying an additional 677 shares during the period. Fulton Bank N.A. raised its stake in Anthem by 44.1% in the first quarter. Fulton Bank N.A. now owns 2,537 shares of the company’s stock worth $420,000 after buying an additional 776 shares during the period. Swarthmore Group Inc. bought a new stake in Anthem during the first quarter worth about $18,423,000. Chevy Chase Trust Holdings Inc. raised its position in shares of Anthem by 4.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 230,710 shares of the company’s stock valued at $38,155,000 after buying an additional 8,957 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its position in shares of Anthem by 35.3% in the first quarter. Integrated Investment Consultants LLC now owns 1,150 shares of the company’s stock valued at $190,000 after buying an additional 300 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Shares of Anthem, Inc. (ANTM) traded down 0.15% during midday trading on Friday, hitting $189.43. 1,212,413 shares of the stock traded hands. The company has a market capitalization of $49.74 billion, a PE ratio of 17.91 and a beta of 0.73. The firm’s 50 day moving average price is $189.94 and its 200 day moving average price is $175.77. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $194.94.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders 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 1.48%. This is a positive change from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio is currently 24.62%.

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Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Anthem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $215.00 price objective (up previously from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Deutsche Bank AG raised their price objective on shares of Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $183.00 price objective (up previously from $177.00) on shares of Anthem in a research report on Sunday, April 23rd. Finally, Morgan Stanley assumed coverage on shares of Anthem in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price objective on the stock. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Anthem presently has an average rating of “Hold” and an average price target of $180.00.

In other news, Director Ramiro G. Peru sold 2,681 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total transaction of $486,815.98. Following the sale, the director now directly owns 13,571 shares of the company’s stock, valued at approximately $2,464,222.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Ronald W. Penczek sold 867 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total value of $162,527.82. Following the sale, the senior vice president now directly owns 1,872 shares in the company, valued at $350,925.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,103 shares of company stock worth $749,555. Insiders own 0.36% of the company’s stock.

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.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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