Barclays Trims Anthem (ANTM) Target Price to $316.00

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Anthem (NYSE:ANTM) had its price objective reduced by equities research analysts at Barclays from $338.00 to $316.00 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 31.88% from the stock’s previous close.

A number of other research analysts also recently weighed in on ANTM. Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $333.00 price objective on the stock in a research note on Friday, February 1st. Stephens raised their price objective on Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, January 31st. ValuEngine downgraded Anthem from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Credit Suisse Group raised their price objective on Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Finally, Argus assumed coverage on Anthem in a research note on Thursday, January 24th. They issued a “buy” rating and a $333.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $330.60.

Shares of ANTM stock traded up $3.37 during trading on Wednesday, reaching $239.62. The company had a trading volume of 3,927,929 shares, compared to its average volume of 1,880,661. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.56 and a current ratio of 1.56. Anthem has a one year low of $219.96 and a one year high of $317.99. The company has a market capitalization of $61.24 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 0.93 and a beta of 0.92.

Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $2.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The business had revenue of $23.30 billion for the quarter, compared to the consensus estimate of $23.27 billion. During the same period last year, the business earned $1.29 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, analysts forecast that Anthem will post 19.17 EPS for the current fiscal year.

In other Anthem news, EVP Gloria M. Mccarthy sold 7,700 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $302.98, for a total value of $2,332,946.00. Following the sale, the executive vice president now owns 46,456 shares of the company’s stock, valued at approximately $14,075,238.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gloria M. Mccarthy sold 7,701 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $303.73, for a total value of $2,339,024.73. The disclosure for this sale can be found here. Insiders sold a total of 23,601 shares of company stock worth $6,862,346 in the last ninety days. Insiders own 0.17% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Martingale Asset Management L P grew its holdings in shares of Anthem by 0.6% during the 3rd quarter. Martingale Asset Management L P now owns 153,079 shares of the company’s stock worth $41,952,000 after purchasing an additional 900 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Anthem by 29.8% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,176 shares of the company’s stock worth $596,000 after purchasing an additional 500 shares in the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of Anthem during the 3rd quarter worth approximately $230,000. Cohen & Steers Inc. grew its holdings in shares of Anthem by 16.9% during the 3rd quarter. Cohen & Steers Inc. now owns 91,096 shares of the company’s stock worth $24,965,000 after purchasing an additional 13,139 shares in the last quarter. Finally, Beaton Management Co. Inc. acquired a new stake in shares of Anthem during the 3rd quarter worth approximately $219,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Anthem Company Profile

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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Analyst Recommendations for Anthem (NYSE:ANTM)

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