Anthem, Inc. (NYSE:ANTM)‘s stock had its “buy” rating reissued by equities research analysts at Citigroup Inc. in a research report issued to clients and investors on Wednesday, June 28th. They presently have a $205.00 price objective on the stock. Citigroup Inc.’s price target points to a potential upside of 6.72% from the company’s previous close.
Several other research firms have also weighed in on ANTM. Morgan Stanley began coverage on Anthem in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price objective for the company. Cantor Fitzgerald reissued a “buy” rating and set a $136.00 price objective on shares of Anthem in a research note on Thursday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $183.00 target price (up previously from $179.00) on shares of Anthem in a research report on Thursday, April 27th. Sanford C. Bernstein raised their target price on Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Finally, Deutsche Bank AG raised their target price on Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $174.26.
Shares of Anthem (ANTM) opened at 192.09 on Wednesday. The firm’s 50-day moving average price is $185.31 and its 200-day moving average price is $166.86. Anthem has a 52-week low of $114.85 and a 52-week high of $194.94. The stock has a market capitalization of $50.90 billion, a P/E ratio of 18.61 and a beta of 0.73.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.85 by $0.83. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The company had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $21.23 billion. During the same period last year, the firm earned $3.46 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts forecast that Anthem will post $11.78 earnings per share for the current fiscal year.
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In other Anthem news, Director Julie A. Hill sold 555 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total transaction of $100,210.80. Following the completion of the sale, the director now owns 37,448 shares in the company, valued at approximately $6,761,610.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ramiro G. Peru sold 2,681 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total transaction of $486,815.98. Following the sale, the director now owns 13,571 shares of the company’s stock, valued at approximately $2,464,222.18. The disclosure for this sale can be found here. Insiders sold a total of 4,103 shares of company stock worth $749,555 over the last three months. 0.36% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. FTB Advisors Inc. boosted its stake in Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock worth $117,000 after buying an additional 67 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock worth $131,000 after buying an additional 200 shares in the last quarter. Focused Wealth Management Inc purchased a new stake in Anthem during the first quarter worth approximately $149,000. Guardian Life Insurance Co. of America boosted its stake in Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock worth $168,000 after buying an additional 7 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in Anthem during the first quarter worth approximately $181,000. Institutional investors and hedge funds own 88.66% of the company’s stock.
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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