Other equities analysts have also issued research reports about the stock. Mizuho assumed coverage on shares of Anthem in a report on Thursday. They issued a “neutral” rating and a $262.00 price target for the company. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating and set a $289.00 price target for the company. in a report on Monday, August 19th. Morgan Stanley decreased their price target on shares of Anthem from $371.00 to $356.00 and set an “overweight” rating for the company in a report on Thursday, September 26th. Deutsche Bank assumed coverage on shares of Anthem in a report on Thursday, September 12th. They issued a “buy” rating for the company. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Anthem in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Anthem currently has a consensus rating of “Buy” and a consensus price target of $320.67.
ANTM opened at $249.40 on Friday. The company has a fifty day moving average price of $247.85 and a two-hundred day moving average price of $270.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 1.64. Anthem has a 52 week low of $227.16 and a 52 week high of $317.99. The firm has a market capitalization of $63.76 billion, a PE ratio of 15.70, a P/E/G ratio of 0.92 and a beta of 0.73.
In related news, Director Robert L. Dixon, Jr. sold 520 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $294.11, for a total value of $152,937.20. Following the completion of the transaction, the director now directly owns 9,971 shares of the company’s stock, valued at approximately $2,932,570.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ANTM. Squar Milner Financial Services LLC acquired a new position in Anthem in the 2nd quarter worth $28,000. Next Capital Management LLC bought a new stake in Anthem during the 2nd quarter worth about $30,000. Motco bought a new stake in Anthem during the 2nd quarter worth about $31,000. NuWave Investment Management LLC lifted its position in Anthem by 46.3% during the 2nd quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after buying an additional 38 shares in the last quarter. Finally, Clean Yield Group bought a new stake in Anthem during the 2nd quarter worth about $36,000. 88.45% of the stock is owned by hedge funds and other institutional investors.
Anthem Company Profile
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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