Anthem Inc (ANTM) was Downgraded by Sterne Agee CRT to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sterne Agee CRT advised their investors in a research report released on May 24, 2016.
On the company’s financial health, Anthem Inc reported $3.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $3.35. The company had revenue of $20309.40 million for the quarter, compared to analysts expectations of $19764.50 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS.
Anthem Inc opened for trading at $134.62 and hit $135.99 on the upside on Friday, eventually ending the session at $135.73, with a gain of 1.45% or 1.94 points. The heightened volatility saw the trading volume jump to 10,85,829 shares. Company has a market cap of $35,690,611 M.
Investors should note that on Apr 27, 2016, Anthem Inc announced a cash dividend of $0.6500. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 24, 2016.
In a different news, on May 4, 2016, Gloria M Mccarthy (EVP & Chief Administrative Off) sold 4,786 shares at $141.18 per share price. According to the SEC, on May 4, 2016, Joseph Swedish (Chair, President & CEO) sold 11,626 shares at $141.18 per share price. On Sep 10, 2015, Wayne S Deveydt (EVP & Chief Financial Officer) sold 6,969 shares at $144.18 per share price, according to the Form-4 filing with the securities and exchange commission.
Anthem Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer individual Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs) health maintenance organizations (HMOs) point-of-service (POS) plans traditional indemnity plans and other hybrid plans including consumer-driven health plans (CDHPs) and hospital only and limited benefit products. In addition the Company also provides an array of managed care services to self-funded customers including claims processing underwriting stop loss insurance actuarial services provider network access medical cost management disease management wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services such as dental vision life and disability insurance benefits radiology benefit management and analytics-driven personal health care.