Barrow Hanley Mewhinney Strauss buys $1,099,380,510 stake in Anthem Inc (ANTM)

Anthem Inc (ANTM) : Barrow Hanley Mewhinney Strauss scooped up 1,306,670 additional shares in Anthem Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 8,575,511 shares of Anthem Inc which is valued at $1,099,380,510.Anthem Inc makes up approximately 1.62% of Barrow Hanley Mewhinney Strauss’s portfolio.

Other Hedge Funds, Including , Wealthsource Partners reduced its stake in ANTM by selling 98 shares or 4.34% in the most recent quarter. The Hedge Fund company now holds 2,160 shares of ANTM which is valued at $276,912. Anthem Inc makes up approx 0.10% of Wealthsource Partners’s portfolio.Ngam Advisors boosted its stake in ANTM in the latest quarter, The investment management firm added 12,818 additional shares and now holds a total of 169,329 shares of Anthem Inc which is valued at $21,652,099. Anthem Inc makes up approx 0.29% of Ngam Advisors’s portfolio.Quadrant Capital Group reduced its stake in ANTM by selling 110 shares or 8.45% in the most recent quarter. The Hedge Fund company now holds 1,192 shares of ANTM which is valued at $156,557. Anthem Inc makes up approx 0.10% of Quadrant Capital Group’s portfolio.Palo Capital boosted its stake in ANTM in the latest quarter, The investment management firm added 19,799 additional shares and now holds a total of 37,778 shares of Anthem Inc which is valued at $5,399,987. Anthem Inc makes up approx 1.79% of Palo Capital’s portfolio.

Anthem Inc closed down -0.9 points or -0.69% at $129.29 with 16,55,390 shares getting traded on Monday. Post opening the session at $129.68, the shares hit an intraday low of $128.9 and an intraday high of $130.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Anthem Inc reported $3.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $3.23. The company had revenue of $21274.50 million for the quarter, compared to analysts expectations of $20512.60 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 EPS.

Investors should note that on Jul 27, 2016, Anthem Inc announced a cash dividend of $0.6500. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 26, 2016.

Many Wall Street Analysts have commented on Anthem Inc. Shares were Reiterated by Barclays on Jul 28, 2016 to “Equal Weight” and Lowered the Price Target to $ 151 from a previous price target of $158 .Anthem Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016. Anthem Inc was Downgraded by Sterne Agee CRT to ” Neutral” on May 24, 2016.

Anthem Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer individual Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs) health maintenance organizations (HMOs) point-of-service (POS) plans traditional indemnity plans and other hybrid plans including consumer-driven health plans (CDHPs) and hospital only and limited benefit products. In addition the Company also provides an array of managed care services to self-funded customers including claims processing underwriting stop loss insurance actuarial services provider network access medical cost management disease management wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services such as dental vision life and disability insurance benefits radiology benefit management and analytics-driven personal health care.

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