Edgepoint Investment Group INC Has Trimmed Anthem INC (ANTM) Position as Share Value Rose

December 8, 2017 - By Dolores Ford

Edgepoint Investment Group Inc decreased its stake in Anthem Inc (ANTM) by 0.52% based on its latest 2017Q2 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 11,614 shares as the company’s stock rose 10.08% with the market. The institutional investor held 2.22M shares of the health care company at the end of 2017Q2, valued at $417.80B, down from 2.23M at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Anthem Inc for a number of months, seems to be less bullish one the $57.42 billion market cap company. The stock increased 0.42% or $0.93 during the last trading session, reaching $223.64. About 1.22 million shares traded. Anthem, Inc. (NYSE:ANTM) has risen 31.86% since December 8, 2016 and is uptrending. It has outperformed by 15.16% the S&P500.

Edgepoint Investment Group Inc, which manages about $6.32B US Long portfolio, upped its stake in Flowserve Corp (NYSE:FLS) by 1.15M shares to 6.31M shares, valued at $292.86 billion in 2017Q2, according to the filing. It also increased its holding in Generac Hldgs Inc (NYSE:GNRC) by 1.07 million shares in the quarter, for a total of 8.78M shares, and has risen its stake in Affiliated Managers Group (NYSE:AMG).

Analysts await Anthem, Inc. (NYSE:ANTM) to report earnings on February, 7. They expect $1.25 EPS, down 28.98 % or $0.51 from last year’s $1.76 per share. ANTM’s profit will be $320.95M for 44.73 P/E if the $1.25 EPS becomes a reality. After $2.65 actual EPS reported by Anthem, Inc. for the previous quarter, Wall Street now forecasts -52.83 % negative EPS growth.

More notable recent Anthem, Inc. (NYSE:ANTM) news were published by: Nasdaq.com which released: “Anthem, Inc. (ANTM) Ex-Dividend Date Scheduled for December 04, 2017” on December 01, 2017, also Businesswire.com with their article: “Anthem Announces Pricing of Its Tender Offer for Notes due 2034, 2036, 2037 …” published on November 29, 2017, Businesswire.com published: “AM Best Assigns Issue Credit Ratings to Anthem, Inc.’s Forthcoming Senior …” on November 15, 2017. More interesting news about Anthem, Inc. (NYSE:ANTM) were released by: Globenewswire.com and their article: “Anthem Inc. Issues Positive Coverage Decision for Balloon Sinus Dilation” published on November 13, 2017 as well as Businesswire.com‘s news article titled: “AM Best Assigns Indicative Issue Credit Ratings to Anthem, Inc.’s New Shelf …” with publication date: December 04, 2017.

Anthem, Inc. (NYSE:ANTM) Ratings Coverage

Among 23 analysts covering Anthem Inc (NYSE:ANTM), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. Anthem Inc had 61 analyst reports since July 27, 2015 according to SRatingsIntel. On Thursday, April 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. Bank of America maintained the shares of ANTM in report on Friday, November 17 with “Buy” rating. The stock of Anthem, Inc. (NYSE:ANTM) has “Buy” rating given on Wednesday, October 25 by Cantor Fitzgerald. The rating was maintained by Deutsche Bank with “Hold” on Thursday, July 13. The rating was initiated by Piper Jaffray on Wednesday, January 4 with “Neutral”. The stock of Anthem, Inc. (NYSE:ANTM) has “Buy” rating given on Friday, November 3 by Credit Suisse. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 29. The company was downgraded on Tuesday, May 24 by Sterne Agee CRT. RBC Capital Markets maintained it with “Outperform” rating and $224 target in Thursday, July 30 report. RBC Capital Markets maintained it with “Buy” rating and $209.0 target in Monday, October 2 report.

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