Anthem (NASDAQ:ANTX) Director Purchases $11,601.94 in Stock

Anthem, Inc. (NASDAQ:ANTX) Director Margaret Fitzpatrick acquired 2,098 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average cost of $5.53 per share, with a total value of $11,601.94. Following the completion of the acquisition, the director directly owned 10,708 shares in the company, valued at approximately $59,215.24. This represents a 24.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Anthem Trading Up 8.6%

ANTX traded up $0.47 during trading hours on Wednesday, hitting $5.95. The company’s stock had a trading volume of 350,574 shares, compared to its average volume of 682,664. Anthem, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $7.19. The firm has a market capitalization of $224.55 million, a PE ratio of -5.56 and a beta of -0.99. The company has a 50-day simple moving average of $5.24 and a 200 day simple moving average of $4.24.

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

Analyst Ratings Changes

Several research firms recently weighed in on ANTX. Leerink Partners raised shares of 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 started coverage on shares of Anthem in a research report on Monday, July 20th. They set a “buy” rating and a $9.00 price target on the stock. Wall Street Zen upgraded shares of Anthem from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anthem in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Anthem currently has an average rating of “Hold” and a consensus target price of $9.00.

Hedge Funds Weigh In On Anthem

Hedge funds have recently modified their holdings of the company. Vivo Capital LLC bought a new stake in shares of Anthem in the 1st quarter worth $10,785,000. Seven Fleet Capital Management LP acquired a new stake in shares of Anthem in the first quarter valued at $683,000. Commodore Capital LP bought a new position in Anthem during the first quarter valued at about $7,981,000. Spruce Street Capital LP bought a new position in Anthem during the first quarter valued at about $5,576,000. Finally, Ally Bridge Group NY LLC acquired a new position in Anthem during the first quarter worth about $1,800,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.