Barclays Maintains Anthem Inc to Equalweight with Price Target $151.00

Brokerage firm Barclays Maintains its rating on Anthem Inc(NYSE:ANTM). In a research note issued to the investors, the brokerage major Lowers the price-target to $151.00 per share. The shares have been rated Equalweight. The rating by Barclays was issued on Jul 28, 2016.

In a different note, Bernstein said it Initiates Coverage on Anthem Inc, according to a research note issued on Jun 16, 2016. The shares have been rated ‘Outperform’ by the firm. On May 24, 2016, Sterne Agee said it Downgrades its rating on Anthem Inc. The shares have been rated ‘Neutral’ by the firm. On May 24, 2016, Sterne Agee said it Downgrades its rating on Anthem Inc. The shares have been rated ‘Neutral’ by the firm.

Anthem Inc (ANTM) shares turned negative on Thursdays trading session with the shares closing down -1.05 points or -0.82% at a volume of 14,09,745. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $127.88. The peak price level was also seen at $127.88 while the days lowest was $126.13. Finally the shares closed at $126.82. The 52-week high of the shares is $155.95 while the 52-week low is $115.63. According to the latest information available, the market cap of the company is $33,375 M.

Anthem Inc has also declared a cash dividend of $0.6500 on Jul 27, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed on Sep 9, 2016. The dividend payable date has been fixed on Sep 26, 2016.

Anthem Inc(ANTM) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $21.27B. Analysts had an estimated revenue of $20.53B. Earnings per share were $3.33. Analysts had estimated an EPS of $3.23.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Joseph Swedish (Chair, President & CEO) sold 8,171 shares at $131.74 per share price.Also, 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.

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