Bernstein Initiates Coverage on Anthem Inc to Outperform

Bernstein Initiates Coverage on Anthem Inc(NYSE:ANTM). The shares have been rated Outperform. The rating by Bernstein was issued on Jun 16, 2016.

In a different note, 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. Cleveland said it Initiates Coverage on Anthem Inc, according to a research note issued on Apr 8, 2016. The shares have been rated ‘Buy’ by the firm. On Apr 4, 2016, Leerink Swann said it Maintains its rating on Anthem Inc. In the research note, the firm Raises the price-target to $190.00 per share. The shares have been rated ‘Outperform’ by the firm.

Anthem Inc (ANTM) shares turned negative on Tuesdays trading session with the shares closing down -1.27 points or -0.96% at a volume of 20,65,687. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $133.43. The peak price level was also seen at $133.43 while the days lowest was $131.35. Finally the shares closed at $131.45. The 52-week high of the shares is $173.59 while the 52-week low is $115.63. According to the latest information available, the market cap of the company is $34,565 M.

Anthem Inc(ANTM) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $20.31B. Analysts had an estimated revenue of $19.86B. Earnings per share were $3.46. Analysts had estimated an EPS of $3.32.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Gloria M Mccarthy (EVP & Chief Administrative Off) sold 4,786 shares at $131.69 per share price.Also, On Jun 3, 2016, Joseph Swedish (Chair, President & CEO) sold 11,628 shares at $132.08 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.

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