Anthem (NYSE:ANTM)‘s stock had its “buy” rating restated by investment analysts at B. Riley in a research report issued on Wednesday.
A number of other equities analysts also recently commented on the stock. Bank of America boosted their price objective on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Leerink Swann reissued an “outperform” rating on shares of Anthem in a research note on Tuesday, November 7th. Credit Suisse Group assumed coverage on shares of Anthem in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price objective for the company. Jefferies Group reissued a “hold” rating and issued a $226.00 price objective on shares of Anthem in a research note on Thursday, October 26th. Finally, Morgan Stanley boosted their price objective on shares of Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $201.07.
Shares of Anthem (NYSE:ANTM) traded up $0.93 during midday trading on Wednesday, hitting $223.64. The company had a trading volume of 1,222,300 shares, compared to its average volume of 1,602,143. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $57,183.13, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79. Anthem has a 12-month low of $140.50 and a 12-month high of $236.39.
In other news, SVP Ronald W. Penczek sold 978 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total transaction of $212,636.76. Following the sale, the senior vice president now directly owns 1,222 shares of the company’s stock, valued at $265,687.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total transaction of $4,027,058.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,955 shares of company stock worth $13,907,287. Insiders own 0.36% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Anthem by 177.3% during the second quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock valued at $238,783,000 after buying an additional 811,537 shares during the last quarter. Swiss National Bank boosted its holdings in Anthem by 3.3% in the second quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock valued at $193,161,000 after purchasing an additional 32,900 shares during the last quarter. Deschutes Portfolio Strategy LLC purchased a new stake in Anthem in the second quarter valued at $273,000. WBI Investments Inc. boosted its holdings in Anthem by 637.6% in the second quarter. WBI Investments Inc. now owns 56,233 shares of the company’s stock valued at $10,579,000 after purchasing an additional 48,609 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in Anthem by 1.9% in the third quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock valued at $8,850,000 after purchasing an additional 873 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.
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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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