BMO Capital Markets Initiates Coverage on Anthem, Inc. (ANTM)
Investment analysts at BMO Capital Markets assumed coverage on shares of Anthem, Inc. (NYSE:ANTM) in a research note issued to investors on Monday. The brokerage set a “market perform” rating on the stock.
Several other research firms have also commented on ANTM. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley upped their target price on Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Piper Jaffray Companies reiterated a “hold” rating and issued a $202.00 target price on shares of Anthem in a research note on Wednesday, October 4th. Finally, Bank of America Corporation upped their target price on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $191.18.
Anthem (ANTM) opened at 187.26 on Monday. Anthem has a 12-month low of $114.85 and a 12-month high of $198.98. The stock has a market capitalization of $49.17 billion, a PE ratio of 17.71 and a beta of 0.71. The stock’s 50 day moving average price is $189.79 and its 200-day moving average price is $185.14.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The business’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 earnings per share. Analysts expect that Anthem will post $11.83 earnings per share for the current year.
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In other news, Director Julie A. Hill sold 524 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now owns 36,924 shares of the company’s stock, valued at $7,045,099.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas C. Zielinski sold 9,127 shares of the company’s stock in a transaction dated 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 directly owns 26,571 shares of the company’s stock, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. Insiders sold 51,901 shares of company stock valued at $10,034,202 in the last ninety days. Company insiders own 0.36% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ANTM. Captrust Financial Advisors purchased a new position in Anthem in the second quarter valued at about $128,000. Salem Investment Counselors Inc. boosted its holdings in Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after purchasing an additional 200 shares during the last quarter. Harding Loevner LP purchased a new position in Anthem in the second quarter valued at about $151,000. Finally, Krilogy Financial LLC purchased a new position in Anthem in the second quarter valued at about $160,000. 87.66% of the stock is owned by institutional investors.
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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