Trading Report: Today, TD Asset Management Inc. Sold shares of Anthem Inc. (ANTM)

Today, TD Asset Management Inc. Sold shares of Anthem Inc. (ANTM)

TD Asset Management Inc. decreased its position in Anthem Inc. (NYSE:ANTM) by 17.5% during the third quarter, Holdings Channel reports. The institutional investor owned 324,883 shares of the company’s stock after selling 68,709 shares during the period. TD Asset Management Inc.’s holdings in Anthem were worth $40,711,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Factory Mutual Insurance Co. raised its position in shares of Anthem by 463.3% in the second quarter. Factory Mutual Insurance Co. now owns 84,500 shares of the company’s stock worth $11,098,000 after buying an additional 69,500 shares in the last quarter. Breton Hill Capital Ltd. raised its position in shares of Anthem by 12.7% in the second quarter. Breton Hill Capital Ltd. now owns 7,435 shares of the company’s stock worth $977,000 after buying an additional 837 shares in the last quarter. Atria Investments LLC bought a new position in shares of Anthem during the second quarter worth $570,000. Chevy Chase Trust Holdings Inc. raised its position in shares of Anthem by 1.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 225,985 shares of the company’s stock worth $29,681,000 after buying an additional 4,040 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its position in shares of Anthem by 7.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 68,065 shares of the company’s stock worth $8,940,000 after buying an additional 4,432 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Shares of Anthem Inc. (NYSE:ANTM) traded down 0.95% on Monday, hitting $143.36. 946,234 shares of the stock traded hands. Anthem Inc. has a 12 month low of $114.85 and a 12 month high of $148.00. The company has a market cap of $37.77 billion, a PE ratio of 16.83 and a beta of 0.57. The firm’s 50 day moving average is $127.61 and its 200-day moving average is $129.41.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $2.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.47 by $0.02. Anthem had a return on equity of 11.64% and a net margin of 2.74%. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.77 billion. During the same period in the prior year, the business earned $2.73 earnings per share. Anthem’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts predict that Anthem Inc. will post $10.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Monday, December 5th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 1st. Anthem’s dividend payout ratio is presently 30.52%.

ANTM has been the subject of several research reports. Wells Fargo & Co. upgraded shares of Anthem from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 15th. Wolfe Research upgraded shares of Anthem from a “market perform” rating to an “outperform” rating and set a $173.00 price objective for the company in a research report on Tuesday, November 22nd. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a research report on Tuesday, August 16th. FBR & Co reiterated a “market perform” rating and set a $155.00 price objective on shares of Anthem in a research report on Monday, August 15th. Finally, Zacks Investment Research upgraded shares of Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $158.39.

In other Anthem news, SVP Ronald W. Penczek sold 820 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $138.29, for a total value of $113,397.80. Following the completion of the transaction, the senior vice president now owns 1,320 shares in the company, valued at $182,542.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Swedish sold 24,513 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $131.48, for a total value of $3,222,969.24. Following the completion of the transaction, the insider now owns 87,381 shares of the company’s stock, valued at approximately $11,488,853.88. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.

Anthem Company Profile

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. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.

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