Chevy Chase Trust Holdings Inc. Decreases Stake in Anthem Inc (ANTM)

Chevy Chase Trust Holdings Inc. lowered its position in shares of Anthem Inc (NYSE:ANTM) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 225,228 shares of the company’s stock after selling 6,591 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Anthem worth $50,678,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ANTM. Janus Henderson Group PLC raised its stake in Anthem by 2,835.4% during the second quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock worth $218,554,000 after purchasing an additional 1,122,159 shares during the period. Assenagon Asset Management S.A. purchased a new position in Anthem during the third quarter worth approximately $101,758,000. Atlantic Trust Group LLC purchased a new position in Anthem during the third quarter worth approximately $88,799,000. APG Asset Management N.V. raised its stake in Anthem by 24.1% during the third quarter. APG Asset Management N.V. now owns 1,925,522 shares of the company’s stock worth $365,618,000 after purchasing an additional 373,500 shares during the period. Finally, Nordea Investment Management AB raised its stake in Anthem by 8.7% during the third quarter. Nordea Investment Management AB now owns 4,215,569 shares of the company’s stock worth $800,452,000 after purchasing an additional 339,111 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

ANTM has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $215.00 price target on shares of Anthem in a research note on Wednesday, October 18th. BidaskClub raised shares of Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley raised their target price on shares of Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Jefferies Group reissued a “hold” rating and issued a $226.00 target price on shares of Anthem in a research note on Thursday, October 26th. Finally, Credit Suisse Group started coverage on shares of Anthem in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 target price on the stock. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $230.80.

Anthem Inc (ANTM) traded up $1.57 during trading on Wednesday, reaching $235.02. 1,500,188 shares of the company traded hands, compared to its average volume of 1,780,000. Anthem Inc has a 12-month low of $158.66 and a 12-month high of $267.95. The stock has a market cap of $60,340.00, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.51.

Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The firm had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the firm posted $1.76 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. sell-side analysts predict that Anthem Inc will post 15.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.75 per share. This is an increase from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 8th. This represents a $3.00 annualized dividend and a yield of 1.28%. Anthem’s payout ratio is 19.50%.

Anthem declared that its Board of Directors has authorized a stock buyback program on Thursday, December 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other Anthem news, EVP Gloria M. Mccarthy sold 14,429 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the completion of the transaction, the executive vice president now directly owns 30,667 shares of the company’s stock, valued at approximately $7,043,596.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $231.43, for a total transaction of $4,888,958.75. Following the transaction, the chairman now directly owns 87,668 shares of the company’s stock, valued at $20,289,005.24. The disclosure for this sale can be found here. Insiders have sold a total of 167,457 shares of company stock worth $39,862,398 in the last ninety days. 0.36% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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