Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Anthem from a buy rating to a hold rating and set a $289.00 price objective for the company. in a report on Monday, August 19th. Morgan Stanley cut their price objective on shares of Anthem from $371.00 to $356.00 and set an overweight rating for the company in a report on Thursday, September 26th. Mizuho started coverage on shares of Anthem in a report on Thursday, October 17th. They issued a neutral rating and a $262.00 price objective for the company. Wells Fargo & Co reissued a buy rating on shares of Anthem in a report on Friday, July 26th. Finally, Deutsche Bank started coverage on shares of Anthem in a report on Thursday, September 12th. They issued a buy rating for the company. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $320.67.
Shares of ANTM stock opened at $260.25 on Friday. The company has a market capitalization of $63.80 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.92 and a beta of 0.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 1.64. The company has a 50-day simple moving average of $247.31 and a 200 day simple moving average of $270.14. Anthem has a 52 week low of $227.16 and a 52 week high of $317.99.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 24th. The company reported $4.64 EPS for the quarter, topping the consensus estimate of $4.61 by $0.03. The business had revenue of $25.20 billion during the quarter, compared to the consensus estimate of $24.88 billion. Anthem had a net margin of 4.21% and a return on equity of 15.02%. Anthem’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.25 EPS. Sell-side analysts forecast that Anthem will post 19.35 EPS for the current year.
In other news, Director Robert L. Dixon, Jr. sold 520 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $294.11, for a total transaction of $152,937.20. Following the completion of the sale, the director now owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.
Several institutional investors have recently modified their holdings of ANTM. Squar Milner Financial Services LLC bought a new stake in shares of Anthem during the 2nd quarter worth approximately $28,000. Next Capital Management LLC bought a new stake in shares of Anthem during the 2nd quarter worth approximately $30,000. Motco bought a new stake in shares of Anthem during the 2nd quarter worth approximately $31,000. NuWave Investment Management LLC lifted its holdings in shares of Anthem by 46.3% during the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after acquiring an additional 38 shares during the period. Finally, Clean Yield Group bought a new stake in shares of Anthem during the 2nd quarter worth approximately $36,000. 88.39% of the stock is owned by institutional investors.
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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