Anthem (ANTM) Holding Lowered by Cypress Capital Management LLC

Anthem (ANTM) Holding Lowered by Cypress Capital Management LLC

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Viking Global Investors LP increased its holdings in Anthem by 190.5% during the 4th quarter. Viking Global Investors LP now owns 2,537,576 shares of the company’s stock worth $570,980,000 after purchasing an additional 1,664,112 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Anthem by 66.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,603,619 shares of the company’s stock worth $360,830,000 after purchasing an additional 637,439 shares in the last quarter. Farallon Capital Management LLC increased its holdings in Anthem by 291.9% during the 4th quarter. Farallon Capital Management LLC now owns 823,000 shares of the company’s stock worth $185,183,000 after purchasing an additional 613,000 shares in the last quarter. Vulcan Value Partners LLC increased its holdings in Anthem by 52.1% during the 4th quarter. Vulcan Value Partners LLC now owns 1,327,283 shares of the company’s stock worth $298,652,000 after purchasing an additional 454,892 shares in the last quarter. Finally, HealthCor Management L.P. bought a new position in Anthem during the 4th quarter worth about $71,144,000. Institutional investors and hedge funds own 88.53% of the company’s stock.

Cypress Capital Management LLC lowered its position in Anthem (NYSE:ANTM) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,059 shares of the company’s stock after selling 724 shares during the period. Cypress Capital Management LLC’s holdings in Anthem were worth $1,111,000 as of its most recent SEC filing.

In related news, insider Joseph Swedish sold 27,846 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $231.12, for a total value of $6,435,767.52. Following the completion of the sale, the insider now directly owns 84,545 shares in the company, valued at approximately $19,540,040.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John E. Gallina sold 24,576 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $229.81, for a total transaction of $5,647,810.56. Following the completion of the sale, the chief financial officer now owns 22,139 shares of the company’s stock, valued at $5,087,763.59. The disclosure for this sale can be found here. Insiders sold a total of 134,264 shares of company stock valued at $30,563,060 over the last quarter. 0.31% of the stock is currently owned by company insiders.

ANTM has been the subject of a number of research reports. Cowen reiterated a “buy” rating and set a $280.00 target price on shares of Anthem in a report on Wednesday, January 31st. Cantor Fitzgerald reiterated a “buy” rating and set a $275.00 target price on shares of Anthem in a report on Friday, January 19th. Jefferies Group upgraded Anthem from a “hold” rating to a “buy” rating and lowered their target price for the stock from $235.00 to $211.00 in a report on Friday, January 12th. ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $252.00 price objective for the company in a research note on Monday, April 9th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Anthem presently has a consensus rating of “Buy” and a consensus target price of $249.00.

Anthem stock opened at $224.10 on Wednesday. Anthem has a one year low of $174.96 and a one year high of $267.95. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $58.51 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.

Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, April 25th. The company reported $5.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.83 by $0.58. Anthem had a net margin of 4.60% and a return on equity of 12.77%. The business had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $22.55 billion. During the same period last year, the business posted $4.68 EPS. Anthem’s revenue was up .1% on a year-over-year basis. sell-side analysts expect that Anthem will post 15.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be paid a $0.75 dividend. The ex-dividend date is Thursday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.34%. Anthem’s dividend payout ratio (DPR) is currently 24.92%.

About Anthem

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.

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