Anthem, Inc. (NYSE:ANTM) had its price objective hoisted by analysts at Jefferies Group LLC from $204.00 to $211.00 in a research note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 11.20% from the company’s previous close.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Citigroup Inc. reissued a “buy” rating and set a $205.00 price target on shares of Anthem in a research report on Wednesday, June 28th. Credit Suisse Group initiated 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. BidaskClub cut shares of Anthem from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Bank of America Corporation lifted their target price on shares of Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and a consensus price target of $187.89.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The firm had revenue of $22.20 billion for 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 company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.33 EPS.
In related news, Director Julie A. Hill sold 524 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total transaction of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares in the company, valued at $7,045,099.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas C. Zielinski sold 9,127 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following 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 51,901 shares of company stock valued at $10,034,202 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Anthem by 2,873.5% during 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. Vanguard Group Inc. grew its position in Anthem by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock valued at $3,349,603,000 after buying an additional 479,046 shares during the period. FMR LLC grew its position in Anthem by 8.2% during the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock valued at $2,039,982,000 after buying an additional 934,509 shares during the period. State Street Corp grew its position in Anthem by 3.0% during the first quarter. State Street Corp now owns 11,362,446 shares of the company’s stock valued at $1,879,127,000 after buying an additional 328,727 shares during the period. Finally, Wellington Management Group LLP grew its position in Anthem by 53.5% during 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. Institutional investors own 87.65% 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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