Anthem, Inc. (ANTM) Stock Rating Lowered by BidaskClub

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.

Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $3.33 EPS. Equities analysts forecast that Anthem will post $11.82 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Anthem, Inc. (ANTM) Stock Rating Lowered by BidaskClub” was published by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.com-unik.info/2017/08/19/anthem-inc-antm-downgraded-by-bidaskclub-to-hold-updated-updated.html.

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.

About Anthem

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.

Analyst Recommendations for Anthem (NYSE:ANTM)

What are top analysts saying about Anthem Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Anthem Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit