Anthem, Inc. (ANTM) Lowered to “Hold” at BidaskClub
Anthem, Inc. (NYSE:ANTM) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.
Several other brokerages also recently commented on ANTM. Jefferies Group LLC reissued a “hold” rating and issued a $204.00 price objective on shares of Anthem in a research note on Sunday, August 20th. Morgan Stanley increased their price objective on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Credit Suisse Group initiated coverage on Anthem in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price objective for the company. Finally, Citigroup Inc. reissued a “buy” rating and issued a $205.00 price objective on shares of Anthem in a research note on Wednesday, June 28th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Anthem has a consensus rating of “Buy” and an average price target of $183.44.
Anthem (ANTM) traded down 0.09% on Friday, hitting $186.59. The company’s stock had a trading volume of 2,608,735 shares. The firm has a 50 day moving average of $191.81 and a 200-day moving average of $181.77. Anthem has a 12 month low of $114.85 and a 12 month high of $198.98. The stock has a market cap of $49.00 billion, a PE ratio of 17.64 and a beta of 0.70.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.33 earnings per share. On average, analysts expect that Anthem will post $11.83 earnings per share for the current fiscal year.
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In other Anthem 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 transaction of $1,745,538.75. Following the completion of the transaction, the executive vice president now directly owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Julie A. Hill sold 524 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the transaction, the director now directly owns 36,924 shares of the company’s stock, valued at $7,045,099.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,776 shares of company stock valued at $6,007,143. 0.36% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. C M Bidwell & Associates Ltd. grew its holdings in Anthem by 0.5% during the second quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock valued at $201,000 after purchasing an additional 5 shares during the period. Guardian Life Insurance Co. of America grew its holdings in Anthem by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after purchasing an additional 7 shares during the period. Salem Investment Counselors Inc. grew its holdings in Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares during the period. Sii Investments Inc. WI grew its holdings in Anthem by 0.4% during the first quarter. Sii Investments Inc. WI now owns 2,713 shares of the company’s stock valued at $444,000 after purchasing an additional 12 shares during the period. Finally, Cedar Wealth Management LLC grew its holdings in Anthem by 1.7% during the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after purchasing an additional 15 shares during the period. 87.69% of the stock is owned by institutional investors and hedge funds.
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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