Analysts at Cowen started coverage on shares of Anthem (NYSE:ANTM) in a research note issued on Monday. The brokerage set an “outperform” rating and a $318.00 price target on the stock. Cowen’s target price points to a potential upside of 16.74% from the company’s previous close.
A number of other equities research analysts also recently issued reports on ANTM. Citigroup downgraded Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price target for the company. in a research report on Monday, September 10th. Morgan Stanley raised Anthem from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $273.00 to $368.00 in a research report on Wednesday, September 5th. Credit Suisse Group boosted their price target on Anthem from $284.00 to $311.00 and gave the company an “outperform” rating in a research report on Tuesday, September 4th. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, ValuEngine downgraded Anthem from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Anthem currently has a consensus rating of “Buy” and a consensus price target of $269.41.
Shares of NYSE:ANTM traded up $1.61 during midday trading on Monday, reaching $272.39. The company’s stock had a trading volume of 6,140 shares, compared to its average volume of 1,034,135. The company has a market cap of $69.24 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.45 and a beta of 0.90. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.61. Anthem has a 1 year low of $179.40 and a 1 year high of $273.14.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $4.25 EPS for the quarter, beating the Zacks’ consensus estimate of $4.16 by $0.09. The business had revenue of $22.71 billion during the quarter, compared to the consensus estimate of $22.66 billion. Anthem had a return on equity of 13.28% and a net margin of 4.79%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.37 earnings per share. sell-side analysts expect that Anthem will post 15.48 earnings per share for the current fiscal year.
In other Anthem news, CAO Ronald W. Penczek sold 763 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $265.56, for a total transaction of $202,622.28. Following the transaction, the chief accounting officer now owns 1,334 shares in the company, valued at $354,257.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Peter D. Haytaian sold 2,936 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $270.00, for a total value of $792,720.00. Following the transaction, the executive vice president now owns 58,642 shares in the company, valued at approximately $15,833,340. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,988 shares of company stock worth $6,812,655. 0.31% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Financial Gravity Wealth Inc. acquired a new position in shares of Anthem in the first quarter worth about $103,000. Flagship Harbor Advisors LLC acquired a new position in shares of Anthem in the second quarter worth about $120,000. ClariVest Asset Management LLC lifted its stake in shares of Anthem by 884.4% in the first quarter. ClariVest Asset Management LLC now owns 630 shares of the company’s stock worth $139,000 after acquiring an additional 566 shares in the last quarter. Kaizen Advisory LLC lifted its stake in shares of Anthem by 139.2% in the second quarter. Kaizen Advisory LLC now owns 598 shares of the company’s stock worth $142,000 after acquiring an additional 348 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of Anthem in the second quarter worth about $142,000. Institutional investors own 86.71% 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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