Insider at Anthem (ANTM) Makes Significant Sale of Stock

Wednesday, March 07, 2018 10:15 PM ET

Insider at Anthem (ANTM) Makes Significant Sale of Stock

There was a significant sale of shares of Anthem by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Joseph Swedish, Director and Officer — sold 27,846 shares in the company having a market value of approximately $6,435,756. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 14,429 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 42,275 shares and have averaged 21,138 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Anthem is less than its 11-company peer group average. The Managed Healthcare peer group saw 35 buy/sell trades during this period for an average of 3.2 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 1,148,159 shares sold with company insiders having sold 32,805 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in creating and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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