Stelliam Investment Management Lp buys $99,595,350 stake in Anthem Inc (ANTM)

Anthem Inc (ANTM) : Stelliam Investment Management Lp scooped up 70,000 additional shares in Anthem Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 765,000 shares of Anthem Inc which is valued at $99,595,350.Anthem Inc makes up approximately 3.47% of Stelliam Investment Management Lp’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co boosted its stake in ANTM in the latest quarter, The investment management firm added 18,289 additional shares and now holds a total of 31,775 shares of Anthem Inc which is valued at $4,136,787. Anthem Inc makes up approx 0.16% of Paloma Partners Management Co’s portfolio.Nuveen Asset Management reduced its stake in ANTM by selling 4,752 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 190,381 shares of ANTM which is valued at $24,785,702. Anthem Inc makes up approx 0.15% of Nuveen Asset Management’s portfolio.Columbia Partners L L C Investment Management boosted its stake in ANTM in the latest quarter, The investment management firm added 81 additional shares and now holds a total of 13,894 shares of Anthem Inc which is valued at $1,808,860. Anthem Inc makes up approx 0.13% of Columbia Partners L L C Investment Management’s portfolio.Trexquant Investment Lp boosted its stake in ANTM in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 14,700 shares of Anthem Inc which is valued at $1,913,793. Anthem Inc makes up approx 0.24% of Trexquant Investment Lp’s portfolio.Eaton Vance Management boosted its stake in ANTM in the latest quarter, The investment management firm added 278 additional shares and now holds a total of 75,822 shares of Anthem Inc which is valued at $9,720,380. Anthem Inc makes up approx 0.03% of Eaton Vance Management’s portfolio.

Anthem Inc closed down -1.72 points or -1.38% at $123.36 with 19,85,043 shares getting traded on Thursday. Post opening the session at $124.9, the shares hit an intraday low of $123.18 and an intraday high of $125.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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