Auxier Asset Management Lowers stake in Anthem Inc (ANTM)

Anthem Inc (ANTM) : Auxier Asset Management reduced its stake in Anthem Inc by 0.36% during the most recent quarter end. The investment management company now holds a total of 56,044 shares of Anthem Inc which is valued at $7.6 Million after selling 200 shares in Anthem Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Anthem Inc makes up approximately 1.80% of Auxier Asset Management’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in ANTM in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 1,780 shares of Anthem Inc which is valued at $241,208. Anthem Inc makes up approx 0.01% of D.a. Davidson’s portfolio.Stack Financial Management Inc reduced its stake in ANTM by selling 4,095 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 101,151 shares of ANTM which is valued at $13.7 Million. Anthem Inc makes up approx 1.65% of Stack Financial Management Inc’s portfolio.Gareth Morgan Investments Limited Partnership reduced its stake in ANTM by selling 1,047 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 28,419 shares of ANTM which is valued at $3.9 Million. Anthem Inc makes up approx 0.40% of Gareth Morgan Investments Limited Partnership’s portfolio. Financial Architects Inc added ANTM to its portfolio by purchasing 817 company shares during the most recent quarter which is valued at $110,712. Anthem Inc makes up approx 0.04% of Financial Architects Inc’s portfolio.

Anthem Inc opened for trading at $129.2 and hit $131.38 on the upside on Wednesday, eventually ending the session at $130.96, with a gain of 1.93% or 2.48 points. The heightened volatility saw the trading volume jump to 42,54,912 shares. Company has a market cap of $34,436 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.

Investors should note that on Apr 27, 2016, Anthem Inc announced a cash dividend of $0.6500. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 24, 2016.

Many Wall Street Analysts have commented on Anthem Inc. 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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