Anthem, Inc. (ANTM) Downgraded by BidaskClub
Anthem, Inc. (NYSE:ANTM) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.
ANTM has been the topic of a number of other reports. Cantor Fitzgerald restated a “buy” rating and set a $136.00 target price on shares of Anthem in a research report on Thursday, May 11th. Morgan Stanley began coverage on Anthem in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 target price on the stock. Bank of America Corporation raised their target price on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Deutsche Bank AG raised their target price on Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 13th. Finally, Citigroup Inc. restated a “buy” rating and set a $205.00 target price on shares of Anthem in a research report on Wednesday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $174.26.
Shares of Anthem (ANTM) traded down 0.02% during trading on Wednesday, hitting $190.65. The stock had a trading volume of 1,227,876 shares. The firm has a market cap of $50.52 billion, a P/E ratio of 18.47 and a beta of 0.73. The firm has a 50 day moving average price of $189.74 and a 200 day moving average price of $171.52. Anthem has a 12-month low of $114.85 and a 12-month high of $194.94.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, beating the Zacks’ consensus estimate of $3.85 by $0.83. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The firm had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $21.23 billion. During the same period last year, the firm earned $3.46 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that Anthem will post $11.78 earnings per share for the current fiscal year.
In other news, SVP Ronald W. Penczek sold 867 shares of Anthem stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total transaction of $162,527.82. Following the sale, the senior vice president now owns 1,872 shares of the company’s stock, valued at approximately $350,925.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ramiro G. Peru sold 2,681 shares of Anthem stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total transaction of $486,815.98. Following the sale, the director now directly owns 13,571 shares in the company, valued at approximately $2,464,222.18. The disclosure for this sale can be found here. Insiders sold a total of 4,103 shares of company stock worth $749,555 over the last three months. Corporate insiders own 0.36% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new stake in Anthem during the fourth quarter valued at approximately $1,891,000. Orbis Allan Gray Ltd raised its stake in Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock valued at $448,585,000 after buying an additional 996,248 shares during the last quarter. RMB Capital Management LLC raised its stake in Anthem by 39.7% in the fourth quarter. RMB Capital Management LLC now owns 2,933 shares of the company’s stock valued at $422,000 after buying an additional 833 shares during the last quarter. Garde Capital Inc. purchased a new stake in Anthem during the fourth quarter valued at approximately $266,000. Finally, Teachers Advisors LLC raised its stake in Anthem by 9.5% in the fourth quarter. Teachers Advisors LLC now owns 487,120 shares of the company’s stock valued at $70,033,000 after buying an additional 42,421 shares during the last quarter. 88.66% of the stock is currently owned by hedge funds and other 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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