James Investment Research Inc Lowers stake in Anthem Inc (ANTM)

Anthem Inc (ANTM) : James Investment Research Inc reduced its stake in Anthem Inc by 39.87% during the most recent quarter end. The investment management company now holds a total of 351,298 shares of Anthem Inc which is valued at $47,425,230 after selling 232,947 shares in Anthem Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Anthem Inc makes up approximately 1.17% of James Investment Research Inc’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in ANTM by selling 55 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 4,347 shares of ANTM which is valued at $586,845. Anthem Inc makes up approx 0.18% of Independent Portfolio Consultants’s portfolio.Capital Analysts reduced its stake in ANTM by selling 38 shares or 9.18% in the most recent quarter. The Hedge Fund company now holds 376 shares of ANTM which is valued at $50,760. Anthem Inc makes up approx 0.01% of Capital Analysts’s portfolio.Campbell Newman Asset Management Inc reduced its stake in ANTM by selling 7,600 shares or 10.14% in the most recent quarter. The Hedge Fund company now holds 67,384 shares of ANTM which is valued at $9,011,936. Anthem Inc makes up approx 1.60% of Campbell Newman Asset Management Inc’s portfolio.Next Financial Group Inc boosted its stake in ANTM in the latest quarter, The investment management firm added 106 additional shares and now holds a total of 531 shares of Anthem Inc which is valued at $70,172. Anthem Inc makes up approx 0.02% of Next Financial Group Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ANTM by selling 36,982 shares or 44.93% in the most recent quarter. The Hedge Fund company now holds 45,323 shares of ANTM which is valued at $5,989,434. Anthem Inc makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.

Anthem Inc opened for trading at $134.71 and hit $135.295 on the upside on Monday, eventually ending the session at $135, with a gain of 0.51% or 0.69 points. The heightened volatility saw the trading volume jump to 10,60,589 shares. Company has a market cap of $35,499 M.

On the company’s financial health, Anthem Inc reported $3.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $3.35. The company had revenue of $20309.40 million for the quarter, compared to analysts expectations of $19764.50 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 $3.14 EPS.

Many Wall Street Analysts have commented on Anthem Inc. 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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