Barometer Capital Management Inc. Invests $18.74 Million in Anthem, Inc. (ANTM)

Barometer Capital Management Inc. purchased a new stake in shares of Anthem, Inc. (NYSE:ANTM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 99,600 shares of the company’s stock, valued at approximately $18,738,000. Anthem comprises 1.9% of Barometer Capital Management Inc.’s holdings, making the stock its 14th largest position.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after buying an additional 21,914,321 shares in the last quarter. Vanguard Group Inc. increased its stake in Anthem by 4.2% in the first quarter. Vanguard Group Inc. now owns 17,325,680 shares of the company’s stock worth $2,865,321,000 after buying an additional 700,705 shares in the last quarter. FMR LLC increased its stake in Anthem by 8.2% in the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock worth $2,039,982,000 after buying an additional 934,509 shares in the last quarter. State Street Corp increased its stake in Anthem by 3.0% in the first quarter. State Street Corp now owns 11,362,446 shares of the company’s stock worth $1,879,127,000 after buying an additional 328,727 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Anthem by 53.5% in the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock worth $734,810,000 after buying an additional 1,548,077 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Anthem, Inc. (ANTM) traded down 0.49% during trading on Friday, hitting $191.02. 1,061,167 shares of the company’s stock traded hands. The stock has a market cap of $50.16 billion, a P/E ratio of 18.06 and a beta of 0.73. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $194.94. The firm’s 50-day moving average price is $190.39 and its 200 day moving average price is $177.46.

Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.25 billion. During the same period in the previous year, the firm posted $3.33 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Analysts anticipate that Anthem, Inc. will post $11.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, September 7th. This is an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.47%. Anthem’s payout ratio is presently 24.62%.

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A number of equities research analysts recently commented on ANTM shares. Sanford C. Bernstein boosted their target price on Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Morgan Stanley boosted their price objective on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday. Deutsche Bank AG boosted their price objective on Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. BidaskClub cut Anthem from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $165.00 price objective on shares of Anthem in a research note on Monday, April 24th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $181.76.

In other Anthem news, EVP Thomas C. Zielinski sold 9,127 shares of Anthem stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the sale, the executive vice president now directly owns 26,571 shares in the company, valued at $5,081,703.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ramiro G. Peru sold 2,681 shares of Anthem stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total transaction of $486,815.98. Following the completion of the sale, the director now owns 13,571 shares of the company’s stock, valued at $2,464,222.18. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock worth $2,595,073 over the last ninety days. 0.36% of the stock is currently owned by insiders.

About Anthem

Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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