Anthem (NASDAQ:ANTX) Director Sells $212,766.02 in Stock

Anthem, Inc. (NASDAQ:ANTX) Director Robin Shane Readnour sold 35,402 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $6.01, for a total value of $212,766.02. Following the transaction, the director directly owned 565,592 shares in the company, valued at $3,399,207.92. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Anthem Trading Up 0.3%

NASDAQ ANTX opened at $5.81 on Friday. The company has a market cap of $219.27 million, a P/E ratio of -5.43 and a beta of -0.99. The company has a fifty day simple moving average of $5.16 and a 200 day simple moving average of $4.00. Anthem, Inc. has a 12-month low of $1.00 and a 12-month high of $7.19.

Anthem (NASDAQ:ANTX) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.18) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ANTX shares. Leerink Partners raised Anthem from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a report on Thursday, May 14th. Guggenheim initiated coverage on Anthem in a research report on Monday, July 20th. They set a “buy” rating and a $9.00 target price on the stock. Wall Street Zen upgraded Anthem from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Anthem in a report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Anthem has a consensus rating of “Hold” and a consensus target price of $9.00.

Hedge Funds Weigh In On Anthem

A number of large investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI bought a new position in Anthem in the 2nd quarter valued at $1,443,000. Bank of America Corp DE raised its position in shares of Anthem by 2.2% in the first quarter. Bank of America Corp DE now owns 393,702 shares of the company’s stock worth $1,346,000 after buying an additional 8,390 shares in the last quarter. ADAR1 Capital Management LLC bought a new stake in Anthem during the first quarter valued at $47,000. OMERS ADMINISTRATION Corp bought a new stake in Anthem during the first quarter valued at $54,000. Finally, Velan Capital Investment Management LP purchased a new position in Anthem during the second quarter worth about $194,000. 90.47% of the stock is currently owned by institutional investors.

Anthem Company Profile

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; traditional indemnity plans and other hybrid plans, such as consumer-driven health plans; and hospital only and limited benefit products.