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

Anthem, Inc. (NASDAQ:ANTX) Director Margaret Fitzpatrick purchased 2,098 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average price of $5.53 per share, for a total transaction of $11,601.94. Following the completion of the purchase, the director owned 10,708 shares of the company’s stock, valued at approximately $59,215.24. This represents a 24.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Anthem Price Performance

Shares of ANTX stock opened at $5.89 on Friday. The business’s fifty day moving average price is $5.29 and its 200 day moving average price is $4.32. The firm has a market capitalization of $222.29 million, a PE ratio of -5.50 and a beta of -0.99. Anthem, Inc. has a 1-year low of $1.00 and a 1-year high of $7.19.

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

Analysts Set New Price Targets

A number of research firms recently commented on ANTX. Weiss Ratings reissued a “sell (d-)” rating on shares of Anthem in a report on Monday, July 6th. Leerink Partners upgraded shares of Anthem from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Thursday, May 14th. Guggenheim initiated coverage on Anthem in a research note on Monday, July 20th. They set a “buy” rating and a $9.00 price target on the stock. Finally, Wall Street Zen upgraded Anthem from a “sell” rating to a “hold” rating in a 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.com, the stock presently has an average rating of “Hold” and an average price target of $9.00.

Hedge Funds Weigh In On Anthem

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANTX. Vivo Capital LLC purchased a new position in shares of Anthem during the 1st quarter worth approximately $10,785,000. Commodore Capital LP purchased a new stake in Anthem in the 1st quarter valued at approximately $7,981,000. Spruce Street Capital LP purchased a new stake in Anthem in the 1st quarter valued at approximately $5,576,000. Ally Bridge Group NY LLC acquired a new stake in Anthem during the 1st quarter valued at $1,800,000. Finally, Seven Fleet Capital Management LP acquired a new stake in Anthem during the 1st quarter valued at $683,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.