Insider Selling: Anthem (NASDAQ:ANTX) Insider Sells $24,790.65 in Stock

Anthem, Inc. (NASDAQ:ANTX) insider Joshua Eizen sold 5,945 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $4.17, for a total transaction of $24,790.65. Following the completion of the transaction, the insider directly owned 206,554 shares of the company’s stock, valued at approximately $861,330.18. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Anthem Price Performance

ANTX opened at $4.50 on Monday. The firm has a market capitalization of $162.07 million, a P/E ratio of -4.09 and a beta of -0.99. Anthem, Inc. has a one year low of $1.00 and a one year high of $6.91. The company has a fifty day moving average price of $4.60 and a 200-day moving average price of $3.12.

Anthem (NASDAQ:ANTX) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06).

Institutional Investors Weigh In On Anthem

A number of large investors have recently added to or reduced their stakes in the company. ADAR1 Capital Management LLC bought a new stake in Anthem during the first quarter worth about $47,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Anthem during the 1st quarter valued at about $54,000. Seven Fleet Capital Management LP bought a new stake in Anthem in the 1st quarter worth approximately $683,000. Bank of America Corp DE boosted its stake in 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. Finally, Ally Bridge Group NY LLC purchased a new stake in Anthem in the first quarter worth approximately $1,800,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Anthem from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anthem in a research note on Monday, July 6th. Finally, Leerink Partners upgraded shares of Anthem from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.