Parallel Advisors LLC Has $836,000 Holdings in Anthem Inc (ANTM)

Parallel Advisors LLC raised its holdings in shares of Anthem Inc (NYSE:ANTM) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,183 shares of the company’s stock after acquiring an additional 220 shares during the quarter. Parallel Advisors LLC’s holdings in Anthem were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. ClariVest Asset Management LLC increased its stake in Anthem by 7.2% in the fourth quarter. ClariVest Asset Management LLC now owns 642 shares of the company’s stock valued at $169,000 after acquiring an additional 43 shares during the last quarter. First Bank & Trust increased its stake in Anthem by 16.1% in the fourth quarter. First Bank & Trust now owns 361 shares of the company’s stock valued at $95,000 after acquiring an additional 50 shares during the last quarter. Lourd Capital LLC increased its stake in Anthem by 5.6% in the fourth quarter. Lourd Capital LLC now owns 1,019 shares of the company’s stock valued at $268,000 after acquiring an additional 54 shares during the last quarter. Shufro Rose & Co. LLC increased its stake in Anthem by 3.3% in the fourth quarter. Shufro Rose & Co. LLC now owns 1,768 shares of the company’s stock valued at $464,000 after acquiring an additional 56 shares during the last quarter. Finally, Legacy Financial Advisors Inc. increased its stake in Anthem by 16.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 441 shares of the company’s stock valued at $116,000 after acquiring an additional 63 shares during the last quarter. 97.06% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Gloria M. Mccarthy sold 7,700 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $302.98, for a total value 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 $14,075,238.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Peter D. Haytaian sold 4,500 shares of the stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $278.48, for a total transaction of $1,253,160.00. Following the completion of the transaction, the executive vice president now directly owns 47,006 shares of the company’s stock, valued at $13,090,230.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,400 shares of company stock valued at $6,545,411. 0.31% of the stock is currently owned by company insiders.

A number of research analysts recently commented on ANTM shares. Stephens started coverage on Anthem in a research note on Monday, January 14th. They issued an “overweight” rating and a $310.00 target price on the stock. Barclays reissued a “buy” rating and issued a $282.00 target price on shares of Anthem in a research note on Sunday, January 6th. Evercore ISI raised Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 target price on the stock in a research note on Thursday, January 3rd. Jefferies Financial Group upped their price target on shares of Anthem from $323.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Finally, Credit Suisse Group restated an “outperform” rating and set a $344.00 price target (up from $330.00) on shares of Anthem in a research report on Thursday, January 31st. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $329.93.

Anthem stock opened at $306.44 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. The stock has a market cap of $78.69 billion, a PE ratio of 19.29, a PEG ratio of 1.15 and a beta of 0.95. Anthem Inc has a 1-year low of $215.52 and a 1-year high of $311.60.

Anthem (NYSE:ANTM) last posted 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. The company had revenue of $23.30 billion during the quarter, compared to analyst estimates of $23.27 billion. Anthem had a net margin of 4.07% and a return on equity of 14.82%. Anthem’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. Sell-side analysts predict that Anthem Inc will post 19.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 18th will be issued a dividend of $0.80 per share. 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 dividend yield of 1.04%. The ex-dividend date is Friday, March 15th. Anthem’s dividend payout ratio is currently 18.88%.

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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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