Blue Granite Capital LLC Sells 6,478 Shares of Anthem, Inc. (ANTM)

Blue Granite Capital LLC lessened its stake in shares of Anthem, Inc. (NYSE:ANTM) by 44.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,022 shares of the company’s stock after selling 6,478 shares during the quarter. Blue Granite Capital LLC’s holdings in Anthem were worth $1,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Anthem by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock valued at $3,349,603,000 after acquiring an additional 479,046 shares in the last quarter. Orbis Allan Gray Ltd boosted its position in Anthem by 4.3% during the 2nd quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock valued at $799,933,000 after acquiring an additional 176,023 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Anthem by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,032,773 shares of the company’s stock valued at $570,556,000 after acquiring an additional 43,843 shares in the last quarter. APG Asset Management N.V. boosted its position in Anthem by 24.1% during the 3rd quarter. APG Asset Management N.V. now owns 1,925,522 shares of the company’s stock valued at $365,618,000 after acquiring an additional 373,500 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Anthem by 3.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,777,978 shares of the company’s stock worth $334,491,000 after purchasing an additional 55,597 shares in the last quarter. 89.99% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Thomas C. Zielinski sold 9,127 shares of Anthem stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the transaction, the executive vice president now owns 26,571 shares in the company, valued at approximately $5,081,703.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Julie A. Hill sold 524 shares of Anthem stock in a transaction dated 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 owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,026 shares of company stock valued at $14,467,283. 0.36% of the stock is owned by company insiders.

A number of analysts have recently weighed in on ANTM shares. Bank of America Corporation raised their price objective on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. BidaskClub cut Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $219.00 price objective for the company in a research report on Thursday, August 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $215.00 price objective on shares of Anthem in a research report on Thursday, September 14th. Finally, Cowen and Company reissued a “buy” rating and issued a $160.00 price objective on shares of Anthem in a research report on Thursday, September 21st. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $197.69.

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Shares of Anthem, Inc. (ANTM) traded up $5.10 during trading on Monday, hitting $216.90. The company had a trading volume of 912,730 shares, compared to its average volume of 1,828,526. 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, Inc. has a 1 year low of $118.42 and a 1 year high of $213.45. The stock has a market cap of $54,381.88, a price-to-earnings ratio of 17.00, a PEG ratio of 1.74 and a beta of 0.77.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be paid a $0.70 dividend. The ex-dividend date is Monday, December 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.29%. Anthem’s dividend payout ratio is presently 25.32%.

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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