Anthem (ANTM) Rating Reiterated by B. Riley

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.

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

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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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)

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