Anthem Inc (NYSE:ANTM) Shares Acquired by Scotia Capital Inc.

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Scotia Capital Inc. lifted its stake in shares of Anthem Inc (NYSE:ANTM) by 80.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,859 shares of the company’s stock after purchasing an additional 7,061 shares during the quarter. Scotia Capital Inc.’s holdings in Anthem were worth $4,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of ANTM. Asymmetry Capital Management L.P. purchased a new position in Anthem in the second quarter valued at $4,679,000. Cable Hill Partners LLC increased its stake in shares of Anthem by 77.5% during the first quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock worth $36,000 after purchasing an additional 55 shares in the last quarter. Wade G W & Inc. purchased a new stake in shares of Anthem during the first quarter worth about $274,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Anthem during the second quarter worth about $55,000. Finally, Wealthfront Advisers LLC increased its stake in shares of Anthem by 22.7% during the first quarter. Wealthfront Advisers LLC now owns 7,098 shares of the company’s stock worth $2,037,000 after purchasing an additional 1,314 shares in the last quarter. Institutional investors and hedge funds own 89.26% of the company’s stock.

In related news, Director Robert L. Dixon, Jr. sold 520 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $294.11, for a total transaction of $152,937.20. Following the completion of the sale, the director now owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on ANTM. Deutsche Bank began coverage on shares of Anthem in a research note on Thursday. They set a “buy” rating for the company. ValuEngine cut shares of Anthem from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Morgan Stanley boosted their target price on shares of Anthem from $359.00 to $371.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating and set a $289.00 target price for the company. in a research note on Monday, August 19th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Anthem in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. Anthem presently has a consensus rating of “Buy” and a consensus price target of $325.40.

NYSE ANTM traded up $6.80 during trading hours on Friday, hitting $254.96. 118,858 shares of the company’s stock traded hands, compared to its average volume of 1,422,599. Anthem Inc has a 52-week low of $227.16 and a 52-week high of $317.99. The company has a market capitalization of $63.48 billion, a PE ratio of 16.04, a PEG ratio of 0.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.64 and a quick ratio of 1.64. The firm’s 50-day moving average is $274.20 and its 200-day moving average is $280.84.

Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $4.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.03. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The company had revenue of $25.20 billion during the quarter, compared to analysts’ expectations of $24.88 billion. During the same quarter in the prior year, the company earned $4.25 EPS. Anthem’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts predict that Anthem Inc will post 19.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, September 9th. This represents a $3.20 annualized dividend and a yield of 1.26%. Anthem’s dividend payout ratio is presently 20.14%.

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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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).

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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