Anthem (NYSE:ANTM)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a note issued to investors on Friday. They presently have a $316.00 target price on the stock. Jefferies Financial Group’s target price suggests a potential upside of 16.43% from the company’s previous close.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Cowen started coverage on shares of Anthem in a research report on Monday, September 17th. They set an “outperform” rating and a $318.00 target price for the company. BMO Capital Markets raised shares of Anthem from a “market perform” rating to an “outperform” rating and increased their target price for the company from $275.00 to $290.00 in a research report on Monday, July 9th. Citigroup cut shares of Anthem from a “buy” rating to a “neutral” rating and set a $162.00 target price for the company. in a research report on Monday, September 10th. Finally, ValuEngine raised shares of Anthem from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $274.21.
Shares of ANTM traded up $2.89 during mid-day trading on Friday, hitting $271.41. The company’s stock had a trading volume of 95,295 shares, compared to its average volume of 1,370,878. Anthem has a 52-week low of $182.31 and a 52-week high of $280.43. The stock has a market capitalization of $71.24 billion, a PE ratio of 22.54, a PEG ratio of 1.49 and a beta of 0.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.52 and a current ratio of 1.52.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $4.25 earnings per share for the quarter, topping the consensus estimate of $4.16 by $0.09. Anthem had a net margin of 4.79% and a return on equity of 13.28%. The firm had revenue of $22.71 billion during the quarter, compared to analysts’ expectations of $22.66 billion. During the same quarter in the prior year, the company earned $3.37 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Anthem will post 15.48 EPS for the current year.
In other Anthem news, EVP Craig E. Samitt sold 19,541 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $246.68, for a total transaction of $4,820,373.88. Following the transaction, the executive vice president now owns 20,857 shares in the company, valued at approximately $5,145,004.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter D. Haytaian sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $270.00, for a total transaction of $1,215,000.00. Following the transaction, the executive vice president now owns 51,206 shares in the company, valued at approximately $13,825,620. The disclosure for this sale can be found here. Insiders have sold a total of 31,488 shares of company stock worth $8,027,655 in the last 90 days. 0.31% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of ANTM. Allianz Asset Management GmbH increased its stake in Anthem by 31.5% during the 1st quarter. Allianz Asset Management GmbH now owns 2,108,871 shares of the company’s stock valued at $463,319,000 after purchasing an additional 505,252 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Anthem in the first quarter worth $1,515,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Anthem by 19.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,076 shares of the company’s stock worth $2,214,000 after acquiring an additional 1,625 shares during the period. LPL Financial LLC increased its stake in shares of Anthem by 25.9% in the first quarter. LPL Financial LLC now owns 33,423 shares of the company’s stock worth $7,343,000 after acquiring an additional 6,875 shares during the period. Finally, Mariner LLC increased its stake in shares of Anthem by 50.2% in the first quarter. Mariner LLC now owns 1,911 shares of the company’s stock worth $420,000 after acquiring an additional 639 shares during the period. Institutional investors and hedge funds own 86.70% of the company’s stock.
Anthem Company Profile
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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