Palo Capital buys $5,399,987 stake in Anthem Inc (ANTM)

Anthem Inc (ANTM) : Palo Capital scooped up 19,799 additional shares in Anthem Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 37,778 shares of Anthem Inc which is valued at $5,399,987.Anthem Inc makes up approximately 1.79% of Palo Capital’s portfolio.

Other Hedge Funds, Including , Bremer Trust National Association boosted its stake in ANTM in the latest quarter, The investment management firm added 21,507 additional shares and now holds a total of 23,454 shares of Anthem Inc which is valued at $3,352,515. Anthem Inc makes up approx 0.90% of Bremer Trust National Association’s portfolio.Leavell Investment Management boosted its stake in ANTM in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 3,225 shares of Anthem Inc which is valued at $436,891. Anthem Inc makes up approx 0.06% of Leavell Investment Management’s portfolio.Coastline Trust Co boosted its stake in ANTM in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 19,405 shares of Anthem Inc which is valued at $2,628,795. Anthem Inc makes up approx 0.52% of Coastline Trust Co’s portfolio.Sumitomo Life Insurance Co reduced its stake in ANTM by selling 585 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 16,646 shares of ANTM which is valued at $2,247,210. Anthem Inc makes up approx 0.30% of Sumitomo Life Insurance Co’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in ANTM by selling 8,614 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 143,686 shares of ANTM which is valued at $19,216,566. Anthem Inc makes up approx 0.18% of Nn Investment Partners Holdings N.v.’s portfolio.

Anthem Inc opened for trading at $133.08 and hit $136.48 on the upside on Wednesday, eventually ending the session at $135.47, with a gain of 2.58% or 3.41 points. The heightened volatility saw the trading volume jump to 18,31,331 shares. Company has a market cap of $35,622 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.

Many Wall Street Analysts have commented on Anthem Inc. 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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