Sumitomo Mitsui Asset Management Company LTD trimmed its position in shares of Anthem Inc (NYSE:ANTM) by 54.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,219 shares of the company’s stock after selling 127,617 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Anthem were worth $30,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Anthem by 101.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 32,669 shares of the company’s stock worth $9,378,000 after acquiring an additional 16,448 shares in the last quarter. Beaumont Financial Partners LLC purchased a new stake in shares of Anthem during the 1st quarter worth approximately $222,000. Teacher Retirement System of Texas raised its holdings in shares of Anthem by 102.7% during the 1st quarter. Teacher Retirement System of Texas now owns 191,545 shares of the company’s stock worth $54,970,000 after acquiring an additional 97,029 shares in the last quarter. Parkwood LLC raised its holdings in shares of Anthem by 4.7% during the 1st quarter. Parkwood LLC now owns 51,477 shares of the company’s stock worth $14,773,000 after acquiring an additional 2,304 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new stake in shares of Anthem during the 1st quarter worth approximately $3,018,000. 88.88% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on ANTM shares. Argus started coverage on Anthem in a research report on Thursday, January 24th. They set a “buy” rating and a $333.00 target price on the stock. Stephens boosted their target price on Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, January 31st. Morgan Stanley reissued an “overweight” rating and set a $391.00 target price (up previously from $372.00) on shares of Anthem in a research report on Thursday, January 31st. Barclays set a $338.00 target price on Anthem and gave the company a “buy” rating in a research report on Friday, March 8th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $360.00 target price on shares of Anthem in a research report on Sunday, April 21st. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $327.53.

Anthem stock traded down $0.25 during mid-day trading on Wednesday, hitting $261.08. The company’s stock had a trading volume of 58,406 shares, compared to its average volume of 2,710,194. The company has a market capitalization of $66.73 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 0.92 and a beta of 0.85. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. Anthem Inc has a one year low of $220.80 and a one year high of $317.99.

Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $6.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.86 by $0.17. The company had revenue of $24.39 billion for the quarter, compared to the consensus estimate of $24.31 billion. Anthem had a return on equity of 14.99% and a net margin of 4.23%. Anthem’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.41 EPS. As a group, research analysts anticipate that Anthem Inc will post 19.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, June 7th. Anthem’s dividend payout ratio (DPR) is presently 20.14%.

In other Anthem news, EVP Gloria M. Mccarthy sold 7,701 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $303.73, for a total value of $2,339,024.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

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About Anthem

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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