Stifel Nicolaus cut shares of Anthem from a buy rating to a hold rating and upped their price objective for the stock from $143.24 to $155.00 in a research report on Wednesday, January 4th.
Shares of Anthem (NYSE:ANTM) opened at 156.81 on Thursday.
ANTM has been the subject of a number of research analyst reports. The firm earned "Equal-Weight" rating on Thursday, October 26 by Morgan Stanley. Zacks Investment Research raised Anthem from a "hold" rating to a "buy" rating and set a $207.00 price target for the company in a research report on Wednesday, September 20th. Cowen reaffirmed a buy rating and set a $160.00 target price on shares of Anthem in a research note on Thursday, September 21st. Cantor Fitzgerald reaffirmed a "buy" rating and set a $220.00 price objective on shares of Anthem in a research note on Wednesday, October 25th. UBS Asset Management Americas Inc. now owns 1,583,761 shares of the company's stock worth $297,953,000 after buying an additional 706,775 shares during the last quarter. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company now has a consensus rating of Buy and a consensus price target of $205.60. On the stock's most recent trading day, the company's shares ended the regular session at $235.00, which is 0.59% lower than its 52-week high. The shares were sold at an average price of $209.85, for a total transaction of $4,433,081.25. This public company's current market capitalization stands at $61.22 billion. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51.
In the past 52-week period, shares of Anthem, Inc.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, October 25th. Wells Fargo & Company upgraded shares of Anthem from a market perform rating to an outperform rating in a research report on Tuesday, November 15th. The company earned $21.50 billion during the quarter, compared to analysts' expectations of $20.96 billion. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The short interest to Anthem Incorporated's float is 2.42%.
Anthem declared that its board has approved a stock repurchase program on Thursday, December 7th that permits the company to buyback $5.00 billion in shares.
The most recent open market insider trade was Automatic Sell of 14,429 shares on a day where the closing price was 229.68. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued. Following the completion of the sale, the executive vice president now directly owns 30,667 shares in the company, valued at $7,043,596.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. There were 62 sold out positions, on the other hand, totaling 1,660,695 shares. Following the sale, the insider now directly owns 87,668 shares of the company's stock, valued at approximately $18,397,129.80. The disclosure for this sale can be found here. Insiders sold a total of 59,259 shares of company stock worth $13,194,281 over the last ninety days.
Several large investors have recently added to or reduced their stakes in ANTM. Janus Henderson Group PLC raised its position in Anthem by 2,835.4% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 1,988,337 shares of the company's stock worth $249,159,000 after buying an additional 227,674 shares during the period. Oak Point Wealth Management bought a new position in Anthem in the 4th quarter worth about $763,000. Insiders own 0.37% of the company's stock. Deschutes Portfolio Strategy LLC bought a new stake in Anthem during the 2nd quarter valued at $273,000. They issued an "outperform" rating and a $234.00 price target for the company. Atlantic Trust Group LLC owned approximately 0.18% of Anthem at the end of the most recent reporting period. Finally, Vanguard Group Inc. grew its position in shares of Anthem by 2.8% in the 2nd quarter. Acropolis Investment Management LLC now owns 7,157 shares of the company's stock worth $1,610,000 after purchasing an additional 2,336 shares in the last quarter.
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Anthem, Inc., through its subsidiaries, operates as a health benefits firm in the United States. The Company has three segments: Commercial and Specialty Business, Government Business and Other.