Cantor Fitzgerald Reiterates Buy Rating for Anthem (ANTM)

Anthem (NYSE:ANTM)‘s stock had its “buy” rating reissued by Cantor Fitzgerald in a report released on Friday. They presently have a $275.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 9.97% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. B. Riley reissued a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Bank of America boosted their price objective on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research report on Friday, November 17th. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Cowen restated a “buy” rating and set a $160.00 target price on shares of Anthem in a research note on Thursday, September 21st. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $209.27.

Shares of Anthem (NYSE:ANTM) traded up $0.41 during mid-day trading on Friday, hitting $250.06. 1,514,588 shares of the stock were exchanged, compared to its average volume of 1,430,000. Anthem has a 12-month low of $146.78 and a 12-month high of $250.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $64,210.00, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.75 and a beta of 0.79.

Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts expect that Anthem will post 11.97 earnings per share for the current fiscal year.

Anthem announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

In other news, EVP Gloria M. Mccarthy sold 14,429 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the sale, the executive vice president now directly owns 30,667 shares in the company, valued at approximately $7,043,596.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $209.85, for a total transaction of $4,433,081.25. Following the sale, the insider now owns 87,668 shares in the company, valued at $18,397,129.80. The disclosure for this sale can be found here. Insiders have sold a total of 126,759 shares of company stock worth $29,115,506 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB raised its position in shares of Anthem by 1.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock valued at $8,850,000 after buying an additional 873 shares in the last quarter. British Airways Pensions Investment Management Ltd grew its holdings in Anthem by 9.4% during the 3rd quarter. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company’s stock valued at $36,380,000 after purchasing an additional 16,403 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Anthem by 10.0% during the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 8,214 shares of the company’s stock valued at $1,560,000 after purchasing an additional 750 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Anthem by 15.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock valued at $1,561,000 after purchasing an additional 1,109 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Anthem by 20.2% during the 3rd quarter. Wells Fargo & Company MN now owns 845,634 shares of the company’s stock valued at $160,569,000 after purchasing an additional 142,007 shares during the last quarter. Hedge funds and other institutional investors own 87.41% of the company’s stock.

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About Anthem

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.

Analyst Recommendations for Anthem (NYSE:ANTM)

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