Anthem, Inc. (ANTM) Now Covered by Credit Suisse Group AG
Credit Suisse Group AG assumed coverage on shares of Anthem, Inc. (NYSE:ANTM) in a research report issued on Thursday. The firm set an “outperform” rating and a $234.00 price target on the stock. Credit Suisse Group AG’s target price would suggest a potential upside of 11.85% from the company’s previous close.
Several other research firms also recently commented on ANTM. BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley upped their target price on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Jefferies Group LLC restated a “hold” rating and issued a $226.00 target price on shares of Anthem in a report on Thursday, October 26th. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $220.00 target price on shares of Anthem in a report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $195.47.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the company earned $2.45 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year.
In related news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $190.63, for a total transaction of $4,027,058.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The disclosure for this sale can be found here. Insiders have sold a total of 73,026 shares of company stock valued at $14,467,283 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in ANTM. NEXT Financial Group Inc boosted its holdings in Anthem by 51.2% during the 3rd quarter. NEXT Financial Group Inc now owns 803 shares of the company’s stock valued at $101,000 after acquiring an additional 272 shares during the period. Financial Architects Inc boosted its holdings in Anthem by 2.7% during the 2nd quarter. Financial Architects Inc now owns 839 shares of the company’s stock valued at $111,000 after acquiring an additional 22 shares during the period. Integrated Investment Consultants LLC boosted its holdings in Anthem by 21.4% during the 2nd quarter. Integrated Investment Consultants LLC now owns 850 shares of the company’s stock valued at $112,000 after acquiring an additional 150 shares during the period. FTB Advisors Inc. boosted its holdings in Anthem by 11.1% during the 1st quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after acquiring an additional 67 shares during the period. Finally, Global X Management Co. LLC boosted its holdings in Anthem by 50.6% during the 2nd quarter. Global X Management Co. LLC now owns 920 shares of the company’s stock valued at $121,000 after acquiring an additional 309 shares during the period. Institutional investors own 88.06% of the company’s stock.
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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