Morgan Stanley Lowers Stock Holdings in Anthem, Inc. (NYSE:ANTM)

Morgan Stanley lowered its stake in shares of Anthem, Inc. (NYSE:ANTM) by 6.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,454,966 shares of the company’s stock after selling 103,998 shares during the quarter. Morgan Stanley’s holdings in Anthem were worth $522,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Maverick Capital Ltd. grew its holdings in shares of Anthem by 59.2% during the first quarter. Maverick Capital Ltd. now owns 191 shares of the company’s stock worth $69,000 after buying an additional 71 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Anthem by 81.3% during the first quarter. Perigon Wealth Management LLC now owns 1,374 shares of the company’s stock worth $493,000 after buying an additional 616 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Anthem by 103.8% during the first quarter. Cubist Systematic Strategies LLC now owns 29,790 shares of the company’s stock worth $10,693,000 after buying an additional 15,174 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of Anthem by 17.3% during the first quarter. IHT Wealth Management LLC now owns 733 shares of the company’s stock worth $263,000 after buying an additional 108 shares during the last quarter. Finally, 44 Wealth Management LLC grew its holdings in shares of Anthem by 9.8% during the first quarter. 44 Wealth Management LLC now owns 3,119 shares of the company’s stock worth $1,120,000 after buying an additional 279 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on ANTM. Truist raised their price objective on shares of Anthem from $425.00 to $450.00 in a research report on Thursday, April 22nd. Cantor Fitzgerald raised their price objective on shares of Anthem from $430.00 to $455.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays raised their price objective on shares of Anthem from $425.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday. Argus raised their price objective on shares of Anthem from $330.00 to $435.00 and gave the company a “buy” rating in a research report on Thursday, May 6th. Finally, Wells Fargo & Company began coverage on shares of Anthem in a research report on Monday, May 24th. They issued an “overweight” rating and a $460.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and eighteen have issued a buy rating to the stock. Anthem has a consensus rating of “Buy” and a consensus price target of $413.24.

Shares of Anthem stock opened at $383.59 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.57 and a quick ratio of 1.57. Anthem, Inc. has a 1 year low of $244.10 and a 1 year high of $406.00. The firm has a market cap of $93.92 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.21 and a beta of 1.04. The stock’s 50 day moving average is $388.46.

Anthem (NYSE:ANTM) last issued its quarterly earnings data on Tuesday, July 20th. The company reported $7.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.34 by $0.69. Anthem had a return on equity of 17.10% and a net margin of 3.78%. The firm had revenue of $33.28 billion during the quarter, compared to the consensus estimate of $33.22 billion. During the same period in the previous year, the firm posted $9.20 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts expect that Anthem, Inc. will post 25.25 earnings per share for the current fiscal year.

In other Anthem news, CFO John E. Gallina sold 46,444 shares of Anthem stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $394.89, for a total value of $18,340,271.16. Following the completion of the sale, the chief financial officer now directly owns 60,095 shares of the company’s stock, valued at approximately $23,730,914.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julie A. Hill sold 1,308 shares of Anthem stock in a transaction that occurred on Thursday, May 20th. The stock was sold at an average price of $394.00, for a total transaction of $515,352.00. Following the completion of the sale, the director now directly owns 31,213 shares of the company’s stock, valued at $12,297,922. The disclosure for this sale can be found here. Insiders have sold a total of 49,060 shares of company stock valued at $19,376,233 over the last 90 days. Insiders own 0.28% of the company’s stock.

Anthem Company Profile

Anthem, Inc provides life, hospital and medical insurance plans. It offers a broad spectrum of network-based managed care health benefit plans to the large and small employer, individual, Medicaid, and Medicare markets. The company operates through the following segments: Commercial & Specialty Business, Government Business, IngenioRx and Other.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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