Anthem, Inc. (ANTM) Earns Hold Rating from Jefferies Group LLC
Anthem, Inc. (NYSE:ANTM)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research note issued to investors on Sunday. They currently have a $204.00 price target on the stock. Jefferies Group LLC’s price target suggests a potential upside of 6.80% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Deutsche Bank AG increased their target price on shares of Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Sanford C. Bernstein increased their target price on shares of Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Cantor Fitzgerald raised shares of Anthem from a “hold” rating to an “overweight” rating and increased their target price for the stock from $165.00 to $210.00 in a report on Thursday, April 27th. Citigroup Inc. reissued a “buy” rating and issued a $205.00 target price on shares of Anthem in a report on Wednesday, June 28th. Finally, Credit Suisse Group started coverage on shares of Anthem in a report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Anthem currently has an average rating of “Hold” and an average price target of $181.76.
Anthem (NYSE ANTM) opened at 191.02 on Friday. The stock has a 50 day moving average of $190.39 and a 200-day moving average of $177.46. Anthem has a 52-week low of $114.85 and a 52-week high of $194.94. The company has a market capitalization of $50.16 billion, a price-to-earnings ratio of 18.06 and a beta of 0.73.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.33 EPS. On average, equities research analysts anticipate that Anthem will post $11.82 earnings per share for the current fiscal year.
In other news, Director Julie A. Hill sold 524 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total transaction of $99,979.20. Following the completion of the transaction, the director now directly owns 36,924 shares in the company, valued at approximately $7,045,099.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the sale, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The disclosure for this sale can be found here. Insiders have sold a total of 13,754 shares of company stock valued at $2,595,073 over the last quarter. Corporate insiders own 0.36% of the company’s stock.
A number of hedge funds have recently modified their holdings of ANTM. Toronto Dominion Bank increased its stake in shares of Anthem by 23.2% in the second quarter. Toronto Dominion Bank now owns 95,759 shares of the company’s stock worth $18,013,000 after buying an additional 18,034 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Anthem by 85.0% in the second quarter. Advisory Services Network LLC now owns 5,122 shares of the company’s stock worth $964,000 after buying an additional 2,354 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Anthem during the second quarter worth about $744,000. Gofen & Glossberg LLC IL increased its stake in shares of Anthem by 0.6% in the second quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock worth $478,000 after buying an additional 15 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Anthem by 7.3% in the second quarter. Public Employees Retirement System of Ohio now owns 202,846 shares of the company’s stock worth $38,161,000 after buying an additional 13,831 shares in the last quarter. Institutional investors own 89.48% 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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