Anthem (NASDAQ:ANTX) Director Robin Shane Readnour Sells 10,019 Shares

Anthem, Inc. (NASDAQ:ANTX) Director Robin Shane Readnour sold 10,019 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $6.02, for a total transaction of $60,314.38. Following the transaction, the director directly owned 557,990 shares of the company’s stock, valued at approximately $3,359,099.80. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Robin Shane Readnour also recently made the following trade(s):

• On Thursday, September 3rd, Robin Shane Readnour sold 6,100 shares of Anthem stock. The stock was sold at an average price of $6.07, for a total value of $37,027.00.
• On Monday, August 17th, Robin Shane Readnour sold 35,402 shares of Anthem stock. The shares were sold at an average price of $6.01, for a total value of $212,766.02.

Anthem Stock Up 1.5%

Shares of ANTX traded up $0.09 during mid-day trading on Tuesday, hitting $5.98. 335,287 shares of the company’s stock traded hands, compared to its average volume of 213,148. The firm has a market capitalization of $225.69 million, a P/E ratio of -5.59 and a beta of -0.99. The business’s 50-day moving average price is $5.33 and its 200-day moving average price is $4.41. Anthem, Inc. has a 1 year low of $1.00 and a 1 year high of $7.19.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ANTX. ADAR1 Capital Management LLC bought a new stake in Anthem during the first quarter worth about $47,000. OMERS ADMINISTRATION Corp bought a new position in shares of Anthem during the first quarter valued at approximately $54,000. Velan Capital Investment Management LP purchased a new position in shares of Anthem during the second quarter valued at approximately $194,000. Seven Fleet Capital Management LP purchased a new position in shares of Anthem during the first quarter valued at approximately $683,000. Finally, Bank of America Corp DE boosted its position in shares of Anthem by 2.2% in the 1st quarter. Bank of America Corp DE now owns 393,702 shares of the company’s stock worth $1,346,000 after purchasing an additional 8,390 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About Anthem

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.