Newfound Research adds Anthem Inc (ANTM) to its portfolio

Anthem Inc (ANTM) : Newfound Research added new position in Anthem Inc during the most recent quarter end. The investment management firm now holds 23 shares of Anthem Inc which is valued at $2,949 , the company said in a statement filed on Aug 9, 2016 with the SEC.

Other Hedge Funds, Including , Private Advisor Group reduced its stake in ANTM by selling 2,660 shares or 51.35% in the most recent quarter. The Hedge Fund company now holds 2,520 shares of ANTM which is valued at $321,905. Anthem Inc makes up approx 0.01% of Private Advisor Group’s portfolio. Lmr Partners Llp sold out all of its stake in ANTM during the most recent quarter. The investment firm sold 9,068 shares of ANTM which is valued $1,190,991.Tokio Marine Asset Management Co Ltd reduced its stake in ANTM by selling 453 shares or 5.75% in the most recent quarter. The Hedge Fund company now holds 7,424 shares of ANTM which is valued at $993,777. Anthem Inc makes up approx 0.10% of Tokio Marine Asset Management Co Ltd’s portfolio.

Anthem Inc opened for trading at $129.3 and hit $129.78 on the upside on Wednesday, eventually ending the session at $129.54, with a gain of 0.16% or 0.21 points. The heightened volatility saw the trading volume jump to 12,46,693 shares. Company has a market cap of $34,091 M.

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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