Palo Capital buys $2,652,262 stake in Anthem Inc (ANTM)

Anthem Inc (ANTM) : Palo Capital scooped up 513 additional shares in Anthem Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 17,979 shares of Anthem Inc which is valued at $2,652,262.Anthem Inc makes up approximately 2.09% of Palo Capital’s portfolio.

Anthem Inc opened for trading at $146.4 and hit $147.99 on the upside on Friday, eventually ending the session at $147.52, with a gain of 1.10% or 1.61 points. The heightened volatility saw the trading volume jump to 12,29,699 shares. Company has a market cap of $38,555 M.

Other Hedge Funds, Including , Gateway Investment Advisers boosted its stake in ANTM in the latest quarter, The investment management firm added 6,048 additional shares and now holds a total of 262,151 shares of Anthem Inc which is valued at $38,672,516. Anthem Inc makes up approx 0.33% of Gateway Investment Advisers’s portfolio.Dnb Asset Management As reduced its stake in ANTM by selling 12,300 shares or 15.72% in the most recent quarter. The Hedge Fund company now holds 65,950 shares of ANTM which is valued at $9,424,915. Anthem Inc makes up approx 0.19% of Dnb Asset Management As’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in ANTM in the latest quarter, The investment management firm added 7,300 additional shares and now holds a total of 59,917 shares of Anthem Inc which is valued at $8,562,738. Anthem Inc makes up approx 0.20% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in ANTM in the latest quarter, The investment management firm added 5,116 additional shares and now holds a total of 63,633 shares of Anthem Inc which is valued at $9,093,792. Anthem Inc makes up approx 0.21% of Exxonmobil Investment Management Inc Tx’s portfolio.Proficio Capital Partners boosted its stake in ANTM in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 61 shares of Anthem Inc which is valued at $8,595. Anthem Inc makes up approx 0.01% of Proficio Capital Partners’s portfolio.

On the company’s financial health, Anthem Inc reported $1.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus of $1.17. The company had revenue of $20023.70 million for the quarter, compared to analysts expectations of $19886.01 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS.

Many Wall Street Analysts have commented on Anthem Inc. Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Outperform” and Lowered the Price Target to $ 182 from a previous price target of $193 .Anthem Inc was Upgraded by Goldman to ” Buy” on Jan 20, 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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