Anthem Inc (ANTM) is Downgraded by JP Morgan to Neutral

Anthem Inc (ANTM) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Oct 17, 2016.

Many Wall Street Analysts have commented on Anthem Inc. Shares were Downgraded by Jefferies on Sep 13, 2016 to ” Hold” and Lowered the Price Target to $ 138 from a previous price target of $156 .Shares were Reiterated by Barclays on Jul 28, 2016 to “Equal Weight” and Lowered the Price Target to $ 151 from a previous price target of $158 .

On the company’s financial health, Anthem Inc reported $3.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $3.23. The company had revenue of $21274.50 million for the quarter, 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.

Anthem Inc opened for trading at $121.18 and hit $121.81 on the upside on Friday, eventually ending the session at $121.09, with a gain of 0.07% or 0.09 points. The heightened volatility saw the trading volume jump to 12,80,818 shares. Company has a market cap of $31,867 M.

In a different news, on Aug 17, 2016, Joseph Swedish (Chair, President & CEO) sold 8,171 shares at $130.71 per share price. According to the SEC, on Aug 17, 2016, Gloria M Mccarthy (EVP & Chief Administrative Off) sold 600 shares at $130.00 per share price. On Aug 12, 2016, Thomas C Zielinski (EVP & General Counsel) sold 5,254 shares at $128.83 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.

Anthem Inc

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