Valeo Financial Advisors LLC raised its position in Anthem Inc (NYSE:ANTM) by 31.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,626 shares of the company’s stock after purchasing an additional 1,330 shares during the period. Valeo Financial Advisors LLC’s holdings in Anthem were worth $1,699,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ANTM. Sonora Investment Management LLC purchased a new stake in Anthem during the 4th quarter valued at approximately $30,000. Horan Capital Advisors LLC. acquired a new stake in shares of Anthem during the 3rd quarter valued at $43,000. Penserra Capital Management LLC bought a new stake in Anthem in the third quarter worth approximately $48,000. Quest Capital Management Inc. ADV acquired a new position in shares of Anthem during the third quarter valued at about $49,000. Finally, Evoke Wealth LLC bought a new position in shares of Anthem in the third quarter valued at approximately $55,000. 88.13% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Peter D. Haytaian sold 9,586 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Ronald W. Penczek sold 816 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $287.00, for a total transaction of $234,192.00. Following the transaction, the chief accounting officer now directly owns 2,295 shares in the company, valued at $658,665. The disclosure for this sale can be found here. Insiders sold a total of 33,097 shares of company stock valued at $9,503,088 in the last three months. 0.17% of the stock is currently owned by corporate insiders.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $4.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.82 by $0.05. Anthem had a net margin of 4.29% and a return on equity of 15.59%. The company had revenue of $26.44 billion for the quarter, compared to analyst estimates of $25.88 billion. During the same quarter last year, the business earned $3.81 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. Research analysts anticipate that Anthem Inc will post 19.43 earnings per share for the current year.
ANTM has been the subject of a number of analyst reports. Credit Suisse Group boosted their price target on Anthem from $340.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. ValuEngine cut Anthem from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Mizuho began coverage on shares of Anthem in a research report on Thursday, October 17th. They set a “neutral” rating and a $262.00 target price for the company. Bank of America downgraded shares of Anthem from a “buy” rating to a “neutral” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price objective on Anthem from $322.00 to $391.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. Anthem has an average rating of “Buy” and an average target price of $331.00.
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.
Featured Article: What is a Real Estate Investment Trust (REIT)?
Want to see what other hedge funds are holding ANTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anthem Inc (NYSE:ANTM).
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.