Anthem (NYSE:ANTM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a note issued to investors on Friday. They currently have a $275.00 price objective on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 9.97% from the company’s previous close.
Several other research analysts also recently commented on the stock. Jefferies Group raised shares of Anthem from a “hold” rating to a “buy” rating and dropped their price objective for the company from $235.00 to $211.00 in a report on Friday, January 12th. Royal Bank of Canada reissued a “buy” rating on shares of Anthem in a report on Thursday, January 4th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a report on Wednesday, January 3rd. Goldman Sachs Group assumed coverage on shares of Anthem in a report on Wednesday, January 3rd. They set a “neutral” rating and a $243.00 price objective for the company. Finally, Piper Jaffray Companies raised shares of Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 price objective for the company in a report on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $209.27.
Anthem (NYSE ANTM) opened at $250.06 on Friday. Anthem has a 1-year low of $146.78 and a 1-year high of $250.68. The company has a market cap of $64,205.41, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.79. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The business’s revenue was up 4.6% on a year-over-year basis. equities research analysts forecast that Anthem will post 11.97 earnings per share for the current fiscal year.
Anthem declared that its Board of Directors has approved a share buyback plan on Thursday, December 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
In related news, insider Joseph Swedish sold 21,125 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $209.85, for a total value of $4,433,081.25. Following the sale, the insider now directly owns 87,668 shares of the company’s stock, valued at approximately $18,397,129.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the completion of the sale, the executive vice president now directly owns 30,667 shares in the company, valued at $7,043,596.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,759 shares of company stock valued at $29,115,506. 0.36% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of ANTM. First Interstate Bank raised its position in Anthem by 1,910.7% in the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after purchasing an additional 535 shares during the period. Salem Investment Counselors Inc. raised its position in Anthem by 1.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after purchasing an additional 10 shares during the period. Harding Loevner LP purchased a new stake in Anthem in the 2nd quarter worth about $151,000. Wealthcare Advisory Partners LLC purchased a new stake in Anthem in the 3rd quarter worth about $154,000. Finally, Krilogy Financial LLC purchased a new stake in Anthem in the 2nd quarter worth about $160,000. 87.41% of the stock is currently owned by institutional investors.
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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