Research analysts at Stephens began coverage on shares of Anthem (NYSE:ANTM) in a report issued on Monday, The Fly reports. The firm set an “overweight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of Anthem from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, November 1st. Cantor Fitzgerald restated a “buy” rating and set a $275.00 price objective on shares of Anthem in a research report on Thursday, October 25th. Jefferies Financial Group restated a “buy” rating and set a $316.00 price objective on shares of Anthem in a research report on Friday, October 12th. Barclays restated a “buy” rating and set a $282.00 price objective on shares of Anthem in a research report on Sunday, January 6th. Finally, SunTrust Banks lifted their price target on shares of Anthem to $315.00 and gave the company a “hold” rating in a research report on Thursday, November 1st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $310.57.
Anthem stock opened at $256.64 on Monday. Anthem has a 12-month low of $215.52 and a 12-month high of $300.57. The stock has a market cap of $65.01 billion, a P/E ratio of 21.32, a PEG ratio of 1.09 and a beta of 0.91. The company has a quick ratio of 1.54, a current ratio of 1.53 and a debt-to-equity ratio of 0.59.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.70 by $0.11. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The firm had revenue of $22.98 billion during the quarter, compared to analysts’ expectations of $22.85 billion. During the same period last year, the business earned $2.65 earnings per share. Anthem’s revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts predict that Anthem will post 15.66 earnings per share for the current year.
In related news, EVP Thomas C. Zielinski sold 7,826 shares of Anthem stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $289.71, for a total value of $2,267,270.46. Following the completion of the transaction, the executive vice president now owns 29,466 shares in the company, valued at $8,536,594.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julie A. Hill sold 500 shares of Anthem stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $287.25, for a total transaction of $143,625.00. Following the completion of the transaction, the director now owns 34,327 shares of the company’s stock, valued at approximately $9,860,430.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,326 shares of company stock valued at $5,369,550. Company insiders own 0.31% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Anthem in the third quarter worth approximately $108,000. Legacy Advisors LLC purchased a new position in Anthem in the third quarter worth approximately $113,000. JNBA Financial Advisors purchased a new position in Anthem in the third quarter worth approximately $134,000. Flagship Harbor Advisors LLC purchased a new position in Anthem in the second quarter worth approximately $120,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in Anthem in the third quarter worth approximately $140,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.
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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