Piedmont Investment Advisors LLC Has $15.85 Million Position in Anthem, Inc. (NYSE:ANTM)

Piedmont Investment Advisors LLC raised its position in shares of Anthem, Inc. (NYSE:ANTM) by 1.3% during the first quarter, Holdings Channel reports. The firm owned 95,832 shares of the company’s stock after buying an additional 1,199 shares during the period. Piedmont Investment Advisors LLC’s holdings in Anthem were worth $15,849,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Guardian Life Insurance Co. of America raised its stake in shares of Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock worth $168,000 after buying an additional 7 shares during the period. Sii Investments Inc. WI raised its stake in shares of Anthem by 0.4% in the first quarter. Sii Investments Inc. WI now owns 2,713 shares of the company’s stock worth $444,000 after buying an additional 12 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Anthem by 0.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,430 shares of the company’s stock worth $2,221,000 after buying an additional 50 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of Anthem by 3.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,546 shares of the company’s stock worth $280,000 after buying an additional 54 shares during the period. Finally, ARGI Investment Services LLC raised its stake in shares of Anthem by 3.1% in the first quarter. ARGI Investment Services LLC now owns 1,875 shares of the company’s stock worth $310,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 88.69% of the company’s stock.

Anthem, Inc. (ANTM) opened at 191.61 on Monday. Anthem, Inc. has a 52-week low of $114.85 and a 52-week high of $194.94. The company’s 50-day moving average is $185.31 and its 200 day moving average is $166.86. The company has a market cap of $50.77 billion, a price-to-earnings ratio of 18.57 and a beta of 0.73.

Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, topping the consensus estimate of $3.85 by $0.83. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $21.23 billion. During the same period last year, the company earned $3.46 EPS. Anthem’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts forecast that Anthem, Inc. will post $11.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were issued a $0.65 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $2.60 annualized dividend and a yield of 1.36%. Anthem’s payout ratio is 25.22%.

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A number of analysts have commented on the stock. Cantor Fitzgerald restated a “buy” rating and set a $136.00 price target on shares of Anthem in a research note on Thursday, May 11th. Jefferies Group LLC boosted their price target on shares of Anthem from $172.00 to $177.00 and gave the company a “hold” rating in a research note on Thursday, March 30th. Deutsche Bank AG assumed coverage on shares of Anthem in a research note on Wednesday, April 5th. They set a “hold” rating and a $166.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $183.00 price target (up previously from $179.00) on shares of Anthem in a research note on Thursday, April 27th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $205.00 target price on shares of Anthem in a research note on Wednesday, June 28th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Anthem presently has an average rating of “Hold” and a consensus target price of $166.63.

In other Anthem news, Director Ramiro G. Peru sold 2,681 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total transaction of $486,815.98. Following the completion of the sale, the director now directly owns 13,571 shares in the company, valued at approximately $2,464,222.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julie A. Hill sold 555 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the sale, the director now owns 37,448 shares of the company’s stock, valued at $6,761,610.88. The disclosure for this sale can be found here. Insiders sold a total of 4,103 shares of company stock valued at $749,555 over the last quarter. 0.36% of the stock is owned by corporate insiders.

About Anthem

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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