Anthem Inc (ANTM) : Reliance Trust Co Of Delaware reduced its stake in Anthem Inc by 2.4% during the most recent quarter end. The investment management company now holds a total of 15,186 shares of Anthem Inc which is valued at $1,838,873 after selling 373 shares in Anthem Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Anthem Inc makes up approximately 0.17% of Reliance Trust Co Of Delaware’s portfolio.
Other Hedge Funds, Including , Needelman Asset Management Inc reduced its stake in ANTM by selling 10 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 9,370 shares of ANTM which is valued at $1,133,770. Anthem Inc makes up approx 3.49% of Needelman Asset Management Inc’s portfolio.Gofen Glossberg Il reduced its stake in ANTM by selling 11 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 2,983 shares of ANTM which is valued at $372,278. Anthem Inc makes up approx 0.02% of Gofen Glossberg Il’s portfolio.Catawba Capital Management Va reduced its stake in ANTM by selling 825 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 37,086 shares of ANTM which is valued at $4,520,783. Anthem Inc makes up approx 1.09% of Catawba Capital Management Va’s portfolio.Acropolis Investment Management reduced its stake in ANTM by selling 342 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 8,436 shares of ANTM which is valued at $1,029,783. Anthem Inc makes up approx 0.19% of Acropolis Investment Management’s portfolio.
Anthem Inc opened for trading at $121.18 and hit $121.81 on the upside on Friday, eventually ending the session at $121.09, with a gain of 0.07% or 0.09 points. The heightened volatility saw the trading volume jump to 12,80,818 shares. Company has a market cap of $31,867 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.
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.