Baillie Gifford & Co. Cuts Holdings in Anthem, Inc. (ANTM)

Baillie Gifford & Co. cut its holdings in shares of Anthem, Inc. (NYSE:ANTM) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,932,138 shares of the company’s stock after selling 24,989 shares during the period. Anthem accounts for approximately 1.2% of Baillie Gifford & Co.’s holdings, making the stock its 18th biggest holding. Baillie Gifford & Co. owned about 1.88% of Anthem worth $936,515,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ANTM. Captrust Financial Advisors acquired a new position in Anthem during the 2nd quarter valued at about $128,000. Salem Investment Counselors Inc. lifted its position in Anthem by 1.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares during the period. Harding Loevner LP acquired a new position in Anthem during the 2nd quarter valued at about $151,000. Krilogy Financial LLC acquired a new position in Anthem during the 2nd quarter valued at about $160,000. Finally, Cedar Wealth Management LLC lifted its position in Anthem by 1.7% during the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after purchasing an additional 15 shares during the period. Institutional investors own 88.06% of the company’s stock.

ANTM has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Credit Suisse Group began coverage on shares of Anthem in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price target on the stock. BidaskClub downgraded shares of Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Bank of America Corporation increased their price target on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, Jefferies Group LLC increased their price target on shares of Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $193.18.

In other Anthem news, EVP Thomas C. Zielinski sold 9,127 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the transaction, the executive vice president now owns 26,571 shares in the company, valued at approximately $5,081,703.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.00, for a total value of $4,161,625.00. Following the completion of the transaction, the insider now owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The disclosure for this sale can be found here. Insiders have sold 51,901 shares of company stock valued at $10,034,202 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Anthem, Inc. (NYSE:ANTM) traded up 0.56% during midday trading on Wednesday, hitting $210.38. The stock had a trading volume of 579,798 shares. The stock’s 50-day moving average is $191.43 and its 200-day moving average is $187.81. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $212.07. The stock has a market capitalization of $55.24 billion, a PE ratio of 19.89 and a beta of 0.71.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the company posted $2.45 earnings per share. Anthem’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that Anthem, Inc. will post $11.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.34%. Anthem’s dividend payout ratio (DPR) is currently 25.32%.

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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.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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