Anthem, Inc. (NYSE:ANTM) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Monday, July 31st.
A number of other research analysts also recently issued reports on ANTM. Cantor Fitzgerald upgraded Anthem from a “hold” rating to an “overweight” rating and boosted their price objective for the company from $165.00 to $210.00 in a research note on Thursday, April 27th. Sanford C. Bernstein boosted their price target on Anthem from $202.00 to $212.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Deutsche Bank AG boosted their price target on Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Citigroup Inc. reaffirmed a “buy” rating and set a $205.00 price objective on shares of Anthem in a report on Wednesday, June 28th. Finally, Morgan Stanley began coverage on Anthem in a report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $181.76.
Shares of Anthem (NYSE ANTM) opened at 191.02 on Monday. Anthem has a 1-year low of $114.85 and a 1-year high of $194.94. The company has a 50-day moving average of $190.39 and a 200-day moving average of $177.46. The company has a market cap of $50.16 billion, a PE ratio of 18.06 and a beta of 0.73.
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In related news, Director Julie A. Hill sold 555 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total value of $100,210.80. Following the sale, the director now owns 37,448 shares in the company, valued at approximately $6,761,610.88. The transaction 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 business’s stock in a transaction on Thursday, August 10th. The shares were 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 in the company, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock worth $2,595,073 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of The West boosted its position in Anthem by 1.1% in the first quarter. Bank of The West now owns 27,277 shares of the company’s stock valued at $4,511,000 after buying an additional 284 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Anthem by 35.3% in the first quarter. Integrated Investment Consultants LLC now owns 1,150 shares of the company’s stock worth $190,000 after buying an additional 300 shares during the period. Highland Capital Management LLC purchased a new stake in shares of Anthem during the first quarter worth about $324,000. Endurant Capital Management LP boosted its stake in shares of Anthem by 99.6% in the first quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock worth $9,277,000 after buying an additional 27,998 shares during the period. Finally, Union Bankshares Corp boosted its stake in shares of Anthem by 1.4% in the second quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock worth $681,000 after buying an additional 49 shares during the period. 89.48% of the stock is owned by hedge funds and other institutional investors.
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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