Alpha Capital Management bought a new stake in Anthem Inc (NASDAQ:ANTM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The hedge fund bought 15,100 shares of the company’s stock, valued at approximately $2,106,000. Anthem makes up about 1.7% of Alpha Capital Management’s holdings, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Detwiler Fenton Investment Management acquired a new position in shares of Anthem during the fourth quarter valued at $230,000. Stock Yards Bank & Trust Company boosted its position in shares of Anthem by 3.3% in the fourth quarter. Stock Yards Bank & Trust Company now owns 2,912 shares of the company’s stock valued at $406,000 after buying an additional 94 shares in the last quarter. Crow Point Partners boosted its position in shares of Anthem by 1.1% in the third quarter. Crow Point Partners now owns 3,707 shares of the company’s stock valued at $519,000 after buying an additional 40 shares in the last quarter. Southport Capital Management boosted its position in shares of Anthem by 6.7% in the fourth quarter. Southport Capital Management now owns 4,706 shares of the company’s stock valued at $656,000 after buying an additional 296 shares in the last quarter. Finally, New England Research & Management boosted its position in shares of Anthem by 96.4% in the fourth quarter. New England Research & Management now owns 5,500 shares of the company’s stock valued at $767,000 after buying an additional 2,700 shares in the last quarter.

Shares of Anthem Inc (NASDAQ:ANTM) traded down 1.93% during trading on Monday, reaching $138.67. 1,944,916 shares of the company traded hands. The stock has a market capitalization of $36.20 billion and a PE ratio of 13.28. The firm has a 50 day moving average of $136.97 and a 200 day moving average of $142.85. Anthem Inc has a 52 week low of $126.25 and a 52 week high of $173.59.

Anthem (NASDAQ:ANTM) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $2.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.33 by $0.40. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.63 billion. Anthem’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts predict that Anthem Inc will post $10.16 EPS for the current year.

Several brokerages have recently weighed in on ANTM. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research note on Monday, October 26th. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a research note on Monday, November 23rd. RBC Capital dropped their price target on shares of Anthem from $224.00 to $198.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Vetr upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $141.90 target price on the stock in a research note on Thursday, January 7th. Finally, Barclays restated an “equal weight” rating and set a $158.00 target price (down previously from $169.00) on shares of Anthem in a research note on Thursday, October 29th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $169.84.

In related news, CEO Joseph Swedish sold 11,626 shares of the stock in a transaction on Monday, December 28th. The shares were sold at an average price of $139.47, for a total transaction of $1,621,478.22. Following the sale, the chief executive officer now directly owns 194,228 shares of the company’s stock, valued at $27,088,979.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 (NASDAQ:ANTM), 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.

12 Month Chart for NASDAQ:ANTM

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