Hefty Wealth Partners buys $1,019,162 stake in Anthem Inc (ANTM)

Anthem Inc (ANTM) : Hefty Wealth Partners scooped up 8,139 additional shares in Anthem Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 8,349 shares of Anthem Inc which is valued at $1,019,162.Anthem Inc makes up approximately 0.78% of Hefty Wealth Partners’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in ANTM by selling 5,214 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 220,771 shares of ANTM which is valued at $26,949,516. Anthem Inc makes up approx 0.15% of Chevy Chase Trust Holdings’s portfolio.Eqis Capital Management reduced its stake in ANTM by selling 1,472 shares or 21.35% in the most recent quarter. The Hedge Fund company now holds 5,424 shares of ANTM which is valued at $662,108. Anthem Inc makes up approx 0.04% of Eqis Capital Management’s portfolio.West Oak Capital reduced its stake in ANTM by selling 1,050 shares or 80.77% in the most recent quarter. The Hedge Fund company now holds 250 shares of ANTM which is valued at $30,518. Anthem Inc makes up approx 0.02% of West Oak Capital’s portfolio.Washington Trust Bank boosted its stake in ANTM in the latest quarter, The investment management firm added 63 additional shares and now holds a total of 1,812 shares of Anthem Inc which is valued at $221,191. Anthem Inc makes up approx 0.05% of Washington Trust Bank’s portfolio.Cullinan Associates Inc boosted its stake in ANTM in the latest quarter, The investment management firm added 3,528 additional shares and now holds a total of 6,378 shares of Anthem Inc which is valued at $778,562. Anthem Inc makes up approx 0.07% of Cullinan Associates Inc’s portfolio.

Anthem Inc closed down -0.46 points or -0.37% at $122.44 with 15,98,026 shares getting traded on Tuesday. Post opening the session at $123.22, the shares hit an intraday low of $121.71 and an intraday high of $123.95 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Many Wall Street Analysts have commented on Anthem Inc. Shares were Downgraded by Jefferies on Sep 13, 2016 to ” Hold” and Lowered the Price Target to $ 138 from a previous price target of $156 .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. 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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