Bennett Turner ’19 pitched Anthem (ANTM) to the Student Managed Investment Fund (SMIF) on October 30, 2018. In October 2001, Anthem demutualized and conducted an initial public offering of common stock. Anthem, Inc. merged with WellPoint Health Networks in 2004. At the time of the merger, the parent company assumed the name WellPoint, Inc. In December 2014, WellPoint changed its name to Anthem, Inc. Anthem is a health benefits company that provides health, pharmacy, life insurance, medical insurance, as well as a host of other products to consumers. They offer a wide range of managed care plans to commercial businesses and government organizations. Through its subsidiaries, Anthem provides coverage to over 40 million Americans. The introduction of the IngenioRx pharmacy business, the Walmart partnership, the M&A growth strategy, moving away from the ACA marketplace, and low medical costs will continuously allow Anthem to gain significant market share amongst its competitors. The class voted to buy 70 shares of ANTM at $264.00.