Narwhal Capital Management Lowers stake in Anthem Inc (ANTM)

Anthem Inc (ANTM) : Narwhal Capital Management reduced its stake in Anthem Inc by 0.42% during the most recent quarter end. The investment management company now holds a total of 23,900 shares of Anthem Inc which is valued at $3,525,728 after selling 100 shares in Anthem Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Anthem Inc makes up approximately 1.13% of Narwhal Capital Management’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 , Winslow Evans Crocker reduced its stake in ANTM by selling 103 shares or 48.58% in the most recent quarter. The Hedge Fund company now holds 109 shares of ANTM which is valued at $16,080.Atria Investments boosted its stake in ANTM in the latest quarter, The investment management firm added 247 additional shares and now holds a total of 4,475 shares of Anthem Inc which is valued at $660,152. Anthem Inc makes up approx 0.07% of Atria Investments’s portfolio.Firstmerit Bank N A Trustee reduced its stake in ANTM by selling 107 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 4,517 shares of ANTM which is valued at $666,348. Anthem Inc makes up approx 0.05% of Firstmerit Bank N A Trustee’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in ANTM by selling 5,755 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 80,127 shares of ANTM which is valued at $11,450,950. Anthem Inc makes up approx 0.26% of Oregon Public Employees Retirement Fund’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. 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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