Evercore ISI Group Initiates Coverage on Anthem Inc to Hold

Evercore ISI Group Initiates Coverage on Anthem Inc(NYSE:ANTM). The shares have been rated Hold. The rating by Evercore ISI Group was issued on Sep 23, 2016.

In a different note, On Sep 13, 2016, Jefferies said it Downgrades its rating on Anthem Inc. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, Barclays said it Maintains its rating on Anthem Inc. In the research note, the firm Lowers the price-target to $158.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 28, 2016, Citigroup said it Maintains its rating on Anthem Inc. In the research note, the firm Lowers the price-target to $172.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, Jefferies said it Maintains its rating on Anthem Inc. In the research note, the firm Lowers the price-target to $157.00 per share. The shares have been rated ‘Buy’ by the firm.

Anthem Inc (ANTM) made into the market gainers list on Tuesdays trading session with the shares advancing 0.98% or 1.22 points. Due to strong positive momentum, the stock ended at $126.3, which is also near the day’s high of $126.34. The stock began the session at $125.09 and the volume stood at 10,71,363 shares. The 52-week high of the shares is $149.87 and the 52 week low is $115.63. The company has a current market capitalization of $33,238 M and it has 26,31,71,010 shares in outstanding.

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 Aug 17, 2016, Joseph Swedish (Chair, President & CEO) sold 8,171 shares at $130.71 per share price.Also, 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.

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