Anthem Inc (ANTM) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $3.33 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $3.23. The company posted revenue of $21274.50 million in the period, compared to analysts expectations of $20512.60 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 $3.10 EPS.
Many Wall Street Analysts have commented on Anthem Inc. Anthem Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016. Anthem Inc was Downgraded by Sterne Agee CRT to ” Neutral” on May 24, 2016.
Anthem Inc closed down -0.96 points or -0.72% at $132.9 with 25,31,004 shares getting traded on Thursday. Post opening the session at $133.15, the shares hit an intraday low of $132.05 and an intraday high of $134.24 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jul 13, 2016, Joseph Swedish (Chair, President & CEO) sold 8,171 shares at $131.74 per share price. According to the SEC, on Jul 6, 2016, Gloria M Mccarthy (EVP & Chief Administrative Off) sold 4,786 shares at $131.32 per share price. On Jul 1, 2016, Ramiro G Peru (director) sold 3,125 shares at $130.00 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.