Anthem, Inc. (ANTM) Given New $201.00 Price Target at Morgan Stanley
Anthem, Inc. (NYSE:ANTM) had its target price lifted by Morgan Stanley from $196.00 to $201.00 in a note issued to investors on Thursday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 3.96% from the company’s current price.
A number of other research firms also recently weighed in on ANTM. Jefferies Group LLC reiterated a “hold” rating and set a $204.00 target price on shares of Anthem in a research report on Friday, July 14th. Bank of America Corporation upped 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 increased their price target on Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group began coverage on Anthem in a report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price target on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $215.00 price target (up previously from $210.00) on shares of Anthem in a report on Wednesday, July 26th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $181.76.
Shares of Anthem (NYSE ANTM) traded down 0.05% during trading on Thursday, hitting $193.26. 153,406 shares of the stock traded hands. The firm has a market cap of $50.75 billion, a PE ratio of 18.28 and a beta of 0.73. Anthem has a 52-week low of $114.85 and a 52-week high of $194.94. The company’s 50 day moving average is $190.17 and its 200 day moving average is $177.09.
Anthem (NYSE:ANTM) last released its quarterly earnings data 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. During the same period in the prior year, the company posted $3.33 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Anthem will post $11.82 EPS for the current year.
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In other Anthem news, Director Julie A. Hill sold 555 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the completion of the sale, the director now owns 37,448 shares of the company’s stock, valued at $6,761,610.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Julie A. Hill sold 524 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $190.80, for a total transaction of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares of the company’s stock, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. Insiders sold a total of 13,754 shares of company stock valued at $2,595,073 in the last quarter. 0.36% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after buying an additional 21,914,321 shares during the last quarter. Boston Partners raised its position in shares of Anthem by 112.6% in the first quarter. Boston Partners now owns 3,895,863 shares of the company’s stock valued at $644,298,000 after buying an additional 2,063,562 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Anthem by 53.5% in the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after buying an additional 1,548,077 shares during the last quarter. OZ Management LP acquired a new position in shares of Anthem during the first quarter valued at about $192,493,000. Finally, Janus Henderson Group PLC raised its position in shares of Anthem by 2,835.4% in the second quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock valued at $218,554,000 after buying an additional 1,122,159 shares during the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.
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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