Anthem, Inc. (NYSE:ANTM) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday, September 6th.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a report on Thursday, August 24th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $136.00 price target on shares of Anthem in a report on Thursday, May 11th. Bank of America Corporation upped their price target on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 14th. Citigroup Inc. reaffirmed a “buy” rating and issued a $205.00 price target on shares of Anthem in a report on Wednesday, June 28th. Finally, Morgan Stanley assumed coverage on Anthem in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Anthem presently has an average rating of “Buy” and a consensus price target of $183.94.
Shares of Anthem (NYSE:ANTM) traded up 0.25% during mid-day trading on Wednesday, reaching $189.72. 1,337,586 shares of the company traded hands. The company’s 50 day moving average is $191.70 and its 200 day moving average is $181.52. Anthem has a 52-week low of $114.85 and a 52-week high of $198.98. The stock has a market capitalization of $49.82 billion, a price-to-earnings ratio of 17.94 and a beta of 0.70.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. During the same quarter in the prior year, the company posted $3.33 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Anthem will post $11.83 earnings per share for the current year.
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In other news, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the transaction, the executive vice president now owns 26,571 shares of the company’s stock, valued at approximately $5,081,703.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph Swedish sold 21,125 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.00, for a total value of $4,161,625.00. Following the completion of the transaction, the insider now directly owns 87,668 shares in the company, valued at approximately $17,270,596. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,776 shares of company stock worth $6,007,143. 0.36% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of ANTM. BlackRock Inc. lifted its stake in shares of Anthem by 2,873.5% in the 1st quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after purchasing an additional 21,914,321 shares during the period. Boston Partners lifted its stake in shares of Anthem by 112.6% in the 1st quarter. Boston Partners now owns 3,895,863 shares of the company’s stock valued at $644,298,000 after purchasing an additional 2,063,562 shares during the period. Wellington Management Group LLP lifted its stake in shares of Anthem by 53.5% in the 1st quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after purchasing an additional 1,548,077 shares during the period. OZ Management LP acquired a new position in shares of Anthem in the 1st quarter valued at $192,493,000. Finally, Janus Henderson Group PLC raised its stake in Anthem by 2,835.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock worth $218,554,000 after buying an additional 1,122,159 shares during the period. 87.69% of the stock is currently owned by institutional investors.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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