Anthem Inc (NYSE:ANTM) Shares Acquired by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lifted its position in shares of Anthem Inc (NYSE:ANTM) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,795 shares of the company’s stock after acquiring an additional 551 shares during the period. Sumitomo Life Insurance Co.’s holdings in Anthem were worth $2,958,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Anthem by 101.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,821,672 shares of the company’s stock valued at $1,078,514,000 after acquiring an additional 1,921,814 shares in the last quarter. Boston Partners raised its position in shares of Anthem by 33.9% during the 2nd quarter. Boston Partners now owns 2,437,084 shares of the company’s stock valued at $688,249,000 after acquiring an additional 617,137 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Anthem by 5.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,236,834 shares of the company’s stock valued at $296,964,000 after acquiring an additional 69,368 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Anthem by 13.0% during the 3rd quarter. California Public Employees Retirement System now owns 1,234,615 shares of the company’s stock valued at $296,431,000 after acquiring an additional 142,246 shares in the last quarter. Finally, Prudential PLC raised its position in shares of Anthem by 108.1% during the 2nd quarter. Prudential PLC now owns 821,298 shares of the company’s stock valued at $231,673,000 after acquiring an additional 426,668 shares in the last quarter. 88.13% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Peter D. Haytaian sold 9,586 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $269.57, for a total value of $2,584,098.02. Following the completion of the transaction, the executive vice president now owns 42,488 shares of the company’s stock, valued at $11,453,490.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas C. Zielinski sold 10,600 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $288.33, for a total value of $3,056,298.00. Following the completion of the transaction, the executive vice president now directly owns 35,247 shares of the company’s stock, valued at approximately $10,162,767.51. The disclosure for this sale can be found here. In the last three months, insiders sold 33,097 shares of company stock valued at $9,503,088. Company insiders own 0.17% of the company’s stock.

Several equities research analysts recently issued reports on ANTM shares. JPMorgan Chase & Co. upped their price target on Anthem from $322.00 to $391.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Mizuho began coverage on Anthem in a research report on Thursday, October 17th. They issued a “neutral” rating and a $262.00 target price on the stock. Bank of America lowered Anthem from a “buy” rating to a “neutral” rating in a research report on Friday, December 6th. Evercore ISI raised Anthem from an “in-line” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, Morgan Stanley dropped their target price on Anthem from $371.00 to $356.00 and set an “overweight” rating on the stock in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $331.00.

NYSE ANTM traded down $7.24 during trading hours on Friday, hitting $297.16. The company had a trading volume of 48,199 shares, compared to its average volume of 1,021,142. Anthem Inc has a fifty-two week low of $227.16 and a fifty-two week high of $317.99. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $298.32 and a 200-day simple moving average of $278.40. The firm has a market cap of $76.96 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76.

Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 23rd. The company reported $4.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.82 by $0.05. Anthem had a return on equity of 15.59% and a net margin of 4.29%. The firm had revenue of $26.44 billion for the quarter, compared to analyst estimates of $25.88 billion. During the same period last year, the company earned $3.81 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities analysts forecast that Anthem Inc will post 19.43 EPS for the current fiscal year.

Anthem Company 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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