Key Points
- Director Margaret Fitzpatrick bought 2,098 Anthem shares at an average price of $5.53, investing $11,601.94 and increasing her holdings by 24.37% to 10,708 shares.
- Anthem shares opened at $5.95 after rising 8.6%; the company recently reported a quarterly loss of $0.18 per share and has a market capitalization of approximately $224.6 million.
- Institutional investors own 90.47% of the stock, while analysts have a consensus “Hold” rating and an average price target of $9.00.
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Anthem, Inc. (NASDAQ:ANTX - Get Free Report) Director Margaret Fitzpatrick acquired 2,098 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $5.53 per share, for a total transaction of $11,601.94. Following the acquisition, the director directly owned 10,708 shares in the company, valued at approximately $59,215.24. This trade represents a 24.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Anthem Trading Up 8.6%
ANTX opened at $5.95 on Thursday. The stock's 50-day moving average price is $5.26 and its 200 day moving average price is $4.27. Anthem, Inc. has a 12-month low of $1.00 and a 12-month high of $7.19. The firm has a market cap of $224.55 million, a price-to-earnings ratio of -5.56 and a beta of -0.99.
Anthem (NASDAQ:ANTX - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.18) earnings per share for the quarter.
Institutional Investors Weigh In On Anthem
Several hedge funds have recently modified their holdings of the stock. Vivo Capital LLC acquired a new position in Anthem in the 1st quarter valued at $10,785,000. Commodore Capital LP acquired a new stake in shares of Anthem in the 1st quarter worth $7,981,000. Spruce Street Capital LP purchased a new stake in shares of Anthem in the first quarter valued at about $5,576,000. Ally Bridge Group NY LLC purchased a new stake in shares of Anthem in the first quarter valued at about $1,800,000. Finally, Seven Fleet Capital Management LP acquired a new position in shares of Anthem during the first quarter worth about $683,000. 90.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ANTX shares. Wall Street Zen upgraded shares of Anthem from a "sell" rating to a "hold" rating in a report on Sunday, June 14th. Guggenheim began coverage on Anthem in a research note on Monday, July 20th. They issued a "buy" rating and a $9.00 price target on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Anthem in a report on Monday, July 6th. Finally, 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. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $9.00.
View Our Latest Stock Analysis on ANTX
About Anthem
(
Get Free Report)
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.
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