Investors sold shares of Anthem Inc (NYSE:ANTM) on strength during trading on Wednesday after an insider sold shares in the company. $73.00 million flowed into the stock on the tick-up and $121.70 million flowed out of the stock on the tick-down, for a money net flow of $48.70 million out of the stock. Of all equities tracked, Anthem had the 21st highest net out-flow for the day. Anthem traded up $3.53 for the day and closed at $268.10Specifically, EVP Peter D. Haytaian sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $267.59, for a total value of $936,565.00. Following the completion of the transaction, the executive vice president now owns 48,206 shares in the company, valued at approximately $12,899,443.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie A. Hill sold 500 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $287.25, for a total transaction of $143,625.00. Following the completion of the transaction, the director now owns 34,327 shares of the company’s stock, valued at approximately $9,860,430.75. The disclosure for this sale can be found here. Insiders sold a total of 27,026 shares of company stock valued at $7,410,050 in the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

ANTM has been the subject of several recent research reports. SunTrust Banks upped their target price on shares of Anthem to $315.00 and gave the company a “hold” rating in a research report on Thursday, November 1st. Morgan Stanley upped their target price on shares of Anthem from $368.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, November 1st. ValuEngine cut shares of Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Evercore ISI upgraded shares of Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 target price for the company in a research report on Thursday, January 3rd. Finally, Royal Bank of Canada upped their target price on shares of Anthem to $318.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Anthem has a consensus rating of “Buy” and a consensus target price of $310.53.

The firm has a market cap of $68.83 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.54 and a current ratio of 1.53.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.11. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The company had revenue of $22.98 billion during the quarter, compared to analyst estimates of $22.85 billion. During the same quarter in the previous year, the business earned $2.65 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Anthem Inc will post 15.66 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Lourd Capital LLC grew its holdings in shares of Anthem by 5.6% in the 4th quarter. Lourd Capital LLC now owns 1,019 shares of the company’s stock valued at $268,000 after buying an additional 54 shares during the period. Legacy Financial Advisors Inc. grew its holdings in shares of Anthem by 16.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 441 shares of the company’s stock valued at $116,000 after buying an additional 63 shares during the period. Cornerstone Advisors Inc. grew its holdings in shares of Anthem by 34.3% in the 4th quarter. Cornerstone Advisors Inc. now owns 282 shares of the company’s stock valued at $74,000 after buying an additional 72 shares during the period. CENTRAL TRUST Co grew its holdings in shares of Anthem by 3.3% in the 4th quarter. CENTRAL TRUST Co now owns 2,845 shares of the company’s stock valued at $747,000 after buying an additional 90 shares during the period. Finally, Stony Point Wealth Management Inc. grew its holdings in shares of Anthem by 11.2% in the 4th quarter. Stony Point Wealth Management Inc. now owns 930 shares of the company’s stock valued at $244,000 after buying an additional 94 shares during the period. 86.86% of the stock is owned by institutional investors.

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Anthem Company Profile (NYSE:ANTM)

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.

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