Anthem, Inc. (ANTM) Earns Buy Rating from Cantor Fitzgerald
Anthem, Inc. (NYSE:ANTM)‘s stock had its “buy” rating restated by Cantor Fitzgerald in a note issued to investors on Thursday. They currently have a $215.00 price target on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 15.05% from the stock’s current price.
Several other research analysts have also commented on ANTM. BidaskClub lowered Anthem from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research report on Thursday. Jefferies Group LLC restated a “hold” rating and set a $204.00 price target on shares of Anthem in a research report on Sunday, August 20th. Morgan Stanley raised their price target on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Finally, Deutsche Bank AG raised their price target on Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Anthem currently has an average rating of “Buy” and a consensus target price of $183.44.
Shares of Anthem (NYSE:ANTM) traded up 0.03% during midday trading on Thursday, hitting $186.80. The company had a trading volume of 1,574,568 shares. The company has a 50-day moving average of $191.72 and a 200-day moving average of $181.61. The company has a market capitalization of $49.05 billion, a PE ratio of 17.66 and a beta of 0.70. Anthem has a 12 month low of $114.85 and a 12 month high of $198.98.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 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 business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. During the same period last year, the business posted $3.33 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts predict that Anthem will post $11.83 earnings per share for the current year.
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In other Anthem news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.00, for a total value of $4,161,625.00. Following the sale, the insider now directly owns 87,668 shares in the company, valued at $17,270,596. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the sale, the executive vice president now owns 26,571 shares in the company, valued at $5,081,703.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,776 shares of company stock worth $6,007,143. 0.36% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in 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 in the last quarter. Vanguard Group Inc. raised its stake in Anthem by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock valued at $3,349,603,000 after buying an additional 479,046 shares in the last quarter. FMR LLC raised its stake in Anthem by 8.2% in the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock valued at $2,039,982,000 after buying an additional 934,509 shares in the last quarter. State Street Corp raised its stake in Anthem by 3.0% in the first quarter. State Street Corp now owns 11,362,446 shares of the company’s stock valued at $1,879,127,000 after buying an additional 328,727 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in 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 in the last quarter. Institutional investors own 87.69% of the company’s stock.
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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