Anthem (NYSE:ANTM) Rating Increased to Hold at ValuEngine

Anthem (NYSE:ANTM) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, ValuEngine reports.

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.

Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 24th. The company reported $4.64 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $0.03. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The firm had revenue of $25.20 billion during the quarter, compared to analyst estimates of $24.88 billion. During the same quarter in the previous year, the business earned $4.25 EPS. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts forecast that Anthem will post 19.35 EPS for the current year.

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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Analyst Recommendations for Anthem (NYSE:ANTM)

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