Anthem, Inc. (ANTM) Downgraded by BidaskClub
Anthem, Inc. (NYSE:ANTM) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.
Several other analysts also recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $204.00 price target on shares of Anthem in a research note on Friday, July 14th. Bank of America Corporation lifted their price target on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Deutsche Bank AG lifted their price target on Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, July 13th. Credit Suisse Group initiated coverage on Anthem in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price target on the stock. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $205.00 target price on shares of Anthem in a research report on Wednesday, June 28th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $174.26.
Anthem (ANTM) traded up 0.44% on Wednesday, reaching $190.29. The company had a trading volume of 1,042,758 shares. The stock has a market capitalization of $50.42 billion, a price-to-earnings ratio of 18.44 and a beta of 0.73. Anthem has a 12 month low of $114.85 and a 12 month high of $194.94. The firm has a 50 day moving average price of $189.31 and a 200-day moving average price of $171.25.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $21.23 billion. During the same quarter last year, the business posted $3.46 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. 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 business’s stock in a transaction that occurred 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 transaction, the director now directly owns 37,448 shares in the company, valued at $6,761,610.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ramiro G. Peru sold 2,681 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 13,571 shares of the company’s stock, valued at $2,464,222.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,103 shares of company stock valued at $749,555. 0.36% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ANTM. BlackRock Inc. increased its position in shares of Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock valued at $3,750,316,000 after buying an additional 21,914,321 shares during the period. Boston Partners increased its position in shares of Anthem by 112.6% in the first quarter. Boston Partners now owns 3,895,863 shares of the company’s stock valued at $644,298,000 after buying an additional 2,063,562 shares during the period. Wellington Management Group LLP increased its position in shares of Anthem by 53.5% in the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock valued at $734,810,000 after buying an additional 1,548,077 shares during the period. OZ Management LP bought a new position in shares of Anthem during the first quarter valued at about $192,493,000. Finally, Orbis Allan Gray Ltd increased its position in shares of Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock valued at $448,585,000 after buying an additional 996,248 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.
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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