Anthem Inc (ANTM) : Glenview Capital Management reduced its stake in Anthem Inc by 15.32% during the most recent quarter end. The investment management company now holds a total of 3,644,816 shares of Anthem Inc which is valued at $474,518,595 after selling 659,249 shares in Anthem Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Anthem Inc makes up approximately 3.35% of Glenview Capital Management’s portfolio.
Other Hedge Funds, Including , A.r.t. Advisors boosted its stake in ANTM in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 24,940 shares of Anthem Inc which is valued at $3,246,939. Anthem Inc makes up approx 0.15% of A.r.t. Advisors’s portfolio.Matarin Capital Management boosted its stake in ANTM in the latest quarter, The investment management firm added 4,321 additional shares and now holds a total of 28,767 shares of Anthem Inc which is valued at $3,745,176. Anthem Inc makes up approx 0.48% of Matarin Capital Management’s portfolio.Mark Sheptoff Financial Planning boosted its stake in ANTM in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 156 shares of Anthem Inc which is valued at $19,999. Anthem Inc makes up approx 0.01% of Mark Sheptoff Financial Planning’s portfolio.Wedge Capital Management L L Pnc boosted its stake in ANTM in the latest quarter, The investment management firm added 65,407 additional shares and now holds a total of 355,247 shares of Anthem Inc which is valued at $46,658,141. Anthem Inc makes up approx 0.51% of Wedge Capital Management L L Pnc’s portfolio.
Anthem Inc opened for trading at $123.72 and hit $125.89 on the upside on Wednesday, eventually ending the session at $125.85, with a gain of 1.79% or 2.21 points. The heightened volatility saw the trading volume jump to 1,916,753 shares. Company has a market cap of $33,120 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 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 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.