B. Riley Reaffirms Buy Rating for Anthem (ANTM)

Anthem (NYSE:ANTM)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a note issued to investors on Wednesday, MarketBeat Ratings reports.

ANTM has been the topic of several other reports. Morgan Stanley lifted their price target on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research report on Thursday, September 14th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Cantor Fitzgerald reiterated a “buy” rating and set a $220.00 price target on shares of Anthem in a research report on Wednesday, October 25th. Finally, Cowen reiterated a “buy” rating and set a $160.00 price target on shares of Anthem in a research report on Thursday, September 21st. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $201.07.

Shares of Anthem (ANTM) opened at $223.64 on Wednesday. Anthem has a 1 year low of $140.50 and a 1 year high of $236.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $57,183.13, a P/E ratio of 17.87, a P/E/G ratio of 1.74 and a beta of 0.79.

Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period last year, the firm earned $2.45 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. equities analysts anticipate that Anthem will post 11.97 earnings per share for the current year.

In other news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $190.63, for a total value of $4,027,058.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald W. Penczek sold 978 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total value of $212,636.76. Following the completion of the sale, the senior vice president now directly owns 1,222 shares of the company’s stock, valued at approximately $265,687.24. The disclosure for this sale can be found here. Insiders sold a total of 65,955 shares of company stock worth $13,907,287 over the last 90 days. Insiders own 0.36% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. C M Bidwell & Associates Ltd. boosted its position in shares of Anthem by 0.5% in the second quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock worth $201,000 after buying an additional 5 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after buying an additional 10 shares during the period. Gofen & Glossberg LLC IL boosted its position in shares of Anthem by 0.6% in the second quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock worth $478,000 after buying an additional 15 shares during the period. Dowling & Yahnke LLC boosted its position in shares of Anthem by 0.3% in the second quarter. Dowling & Yahnke LLC now owns 7,175 shares of the company’s stock worth $1,350,000 after buying an additional 18 shares during the period. Finally, Stanley Laman Group Ltd. boosted its position in shares of Anthem by 0.8% in the second quarter. Stanley Laman Group Ltd. now owns 3,256 shares of the company’s stock worth $613,000 after buying an additional 25 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

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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.

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