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Anthem Inc (ANTM.N)

ANTM.N on New York Stock Exchange

220.83USD
17 Nov 2017
Change (% chg)

$-0.06 (-0.03%)
Prev Close
$220.89
Open
$220.57
Day's High
$221.98
Day's Low
$220.34
Volume
272,457
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367,401
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$222.21
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$135.00

Latest Key Developments (Source: Significant Developments)

The California Department Of Managed Health Care fines Anthem Blue Cross $5 mln
Thursday, 16 Nov 2017 

Nov 15 (Reuters) - The California Department Of Managed Health Care::The California Department Of Managed Health Care fines Blue Cross of California (Anthem Blue Cross) $5 million for systemic grievance system violations‍​.Enforcement action against Anthem Blue Cross due to deficiencies seen in DMHC surveys during investigation of consumer complaints from 2013-2016.  Full Article

Anthem launches cash tender offers for certain outstanding debt securities
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Anthem Inc :Anthem launches cash tender offers for certain outstanding debt securities.Anthem Inc - ‍any and all offer will expire at 5:00 p.m., New York City time, on November 20, 2017​.Anthem Inc - ‍commencement of cash tender offers for up to $600 million aggregate principal amount of its maximum tender offer notes​.Anthem Inc - ‍offer for maximum tender offer notes will expire at 11:59 p.m., New York City time, on December 12, 2017​.Anthem Inc - ‍commencement of cash tender offers for any and all of its any and all notes​.Anthem Inc - ‍tender offers to purchase for cash any and all of its outstanding 7.000% notes due 2019​.Anthem Inc - ‍launch public offering of its 3-year, 5-year, 7-year, 10-year and 30-year notes, new notes offering to close on or about Nov 21, 2017​.  Full Article

Anthem says as per offer letter, Gail Boudreaux's initial compensation will consist of annual base salary of $1.4 mln
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Anthem Inc :Anthem Inc says as per offer letter, Gail Boudreaux's initial compensation will consist of annual base salary of $1.4 million - SEC filing.Anthem Inc - ‍reaffirming its net income guidance for full year 2017 to be in range of $10.80 - $10.90 per share​.Anthem Inc - Pursuant to transition, Joseph Swedish will serve as senior advisor to CEO, consultant until May 1, 2020, for which he will receive $4.5 million/year​.Anthem Inc - ‍excluding items, 2017 adjusted net income is expected to be in range of $11.90 - $12.00 per share​.Fy2017 earnings per share view $11.98 -- Thomson Reuters I/B/E/S.Anthem Inc - As per offer letter, Boudreaux's initial compensation will also include long-term incentive awards with target value equal to $10.25 million for 2018 ‍​.  Full Article

Anthem ‍board elects Gail Boudreaux CEO and president​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Anthem Inc :Anthem Inc announces key management changes.Anthem Inc - ‍board elects Gail K. Boudreaux chief executive officer and president​.Anthem Inc - ‍Joseph R. Swedish will continue as executive chairman, Anthem board of directors and senior advisor​.Anthem Inc - ‍Joseph R. Swedish will continue as executive chairman, Anthem board of directors and senior advisor​.Anthem Inc - ‍Boudreaux recently served as chief executive officer, united healthcare, medical insurance subsidiary of unitedhealth group​.Anthem inc - ‍ceo joseph r. Swedish will be stepping down in may 2018, and serve as senior advisor through may 2020​.Anthem Inc - ‍Gail K. Boudreaux appointed to company's board of directors, effective November 20, 2017​.  Full Article

Anthem CEO Joseph Swedish to step down, to be replaced by Gail Boudreaux - WSJ, citing sources
Saturday, 4 Nov 2017 

Nov 3 (Reuters) - :Anthem CEO Joseph Swedish to step down; to be replaced by Gail K. Boudreaux - WSJ, citing sources.  Full Article

IBM elects Joseph Swedish and Frederick Waddell to Board of Directors​
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - International Business Machines Corp ::IBM elects two new members to its Board of Directors.IBM - ‍Board of Directors today elected Joseph R. Swedish and Frederick H. Waddell to Board​.IBM says ‍IBM Board now has a total of 15 members​.IBM - ‍Joseph R. Swedish is Chairman, President and Chief Executive Officer of Anthem​.IBM - ‍Frederick H. Waddell is Chairman and Chief Executive Officer of Northern Trust Corporation​.  Full Article

Express Scripts says Anthem's announcement last week disappointing, not surprising
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Anthem Inc :Express Scripts Holding CEO says "last week's announcement by anthem, while disappointing and perplexing, was not surprising to us" - Conf call.Express Scripts Holding says if Amazon wanted to move into the pharma supply chain space, "we could be a very natural collaborator" - Conf call.Express Scripts Holding says with Anthem's decision, "it gives us a bit of a clear line of sight to some of the work we have to do" - Conf call.Express Scripts Holding CEO says "I feel very confident we'll stand well against an entry in the PBM space would be it Amazon or anybody" - conf call.  Full Article

Anthem reports Q3 earnings per share $2.80
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Anthem Inc :Anthem reports third quarter 2017 results.Q3 earnings per share $2.80.Q3 earnings per share view $2.42 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $11.90 to $12.00.Sees FY 2017 GAAP earnings per share $10.80 to $10.90.Q3 adjusted earnings per share $2.65.Q3 revenue $22.1 billion versus I/B/E/S view $22.05 billion.Anthem Inc - ‍Now expects medical enrollment to grow by nearly 100 - 300 thousand members for full year 2017​.Anthem Inc - ‍Full year 2017 operating revenue is expected to be in range of $88.5 billion - $89.5 billion​.Anthem Inc - ‍Medical enrollment totaled about 40.3 million members at sept 30, increase of 347,000 members, or 0.9 percent, from 39.9 million at sept 30, 2016​.FY2017 earnings per share view $11.83, revenue view $88.40 billion -- Thomson Reuters I/B/E/S.Anthem Inc - ‍Full year 2017 medical membership is now expected to be in range of 40 million - 40.2 million​.Anthem Inc - ‍Benefit expense ratio was 87.0 percent in Q3 of 2017, an increase of 150 basis points from 85.5 percent in prior year quarter​.Anthem Inc - ‍Full year 2017 benefit expense ratio is now expected to be in range of 86.8% plus or minus 30 basis points​.Anthem - ‍For FY 2017, co now expects underlying local group medical cost trend to be in range of 6.5% - 7.0%, with a bias toward low end of range​.Anthem Inc - ‍Full year 2017 operating cash flow is now expected to be greater than $4.0 billion​.  Full Article

Anthem to buy America's 1st Choice for undisclosed amount
Wednesday, 25 Oct 2017 

Oct 24 (Reuters) - Anthem Inc ::Anthem to acquire America's 1st Choice.Anthem Inc says ‍financial terms of transaction were not disclosed​.Anthem Inc says ‍transaction is expected to be slightly accretive to earnings in 2018​.  Full Article

CVS Health signs five-year agreement with Anthem
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - CVS Health Corp ::CVS Health signs five-year agreement with anthem, inc. To provide services to support ingeniorx.CVS Health - ‍expects to incur implementation costs related to transition of members; costs expected to be immaterial to 2017 results​.CVS Health Corp -‍ CVS caremark will manage certain services for ingeniorx, including claims processing and prescription fulfillment​.CVS Health Corp - ‍new agreement, which goes into effect on January 1, 2020, runs through December 31, 2024​.  Full Article

Fitch Rates Anthem's Planned Issue 'BBB'; Affirms Existing Ratings; Outlook Negative

(The following statement was released by the rating agency) CHICAGO, November 14 (Fitch) Fitch Ratings has assigned a 'BBB' rating to Anthem Inc.'s (ANTM) planned issue of new senior notes of various maturities. The rating on the planned issuance is equivalent to Fitch's ratings on ANTM's currently outstanding senior notes. Fitch has concurrently affirmed ANTM's previously outstanding ratings and maintained their Negative Outlook. A full list of rating actions can be found at the end of this