Anthem (NYSE:ANTM)‘s stock had its “buy” rating reissued by research analysts at Cantor Fitzgerald in a research note issued to investors on Friday. They presently have a $275.00 price target on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 9.97% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Jefferies Group raised shares of Anthem from a “hold” rating to a “buy” rating and reduced their target price for the stock from $235.00 to $211.00 in a research report on Friday, January 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $253.00 target price on the stock in a research report on Wednesday, January 3rd. Goldman Sachs Group assumed coverage on shares of Anthem in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $243.00 target price on the stock. Finally, Piper Jaffray Companies raised shares of Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 target price on the stock in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Anthem has a consensus rating of “Buy” and a consensus price target of $209.27.

Anthem (ANTM) opened at $250.06 on Friday. The company has a market cap of $64,205.41, a P/E ratio of 20.07, a PEG ratio of 1.75 and a beta of 0.79. Anthem has a 1 year low of $146.78 and a 1 year high of $250.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51.

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

Anthem declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other Anthem news, Chairman Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $231.43, for a total value of $4,888,958.75. Following the completion of the sale, the chairman now directly owns 87,668 shares in the company, valued at $20,289,005.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Ronald W. Penczek sold 978 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 1,222 shares of the company’s stock, valued at $265,687.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,759 shares of company stock worth $29,115,506. 0.36% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. C M Bidwell & Associates Ltd. boosted its stake in Anthem by 0.5% in the second quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock valued at $201,000 after acquiring an additional 5 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after acquiring an additional 10 shares in the last quarter. Gofen & Glossberg LLC IL boosted its stake in Anthem by 0.6% in the second quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock valued at $478,000 after acquiring an additional 15 shares in the last quarter. Sii Investments Inc. WI boosted its stake in Anthem by 5.4% in the second quarter. Sii Investments Inc. WI now owns 2,860 shares of the company’s stock valued at $537,000 after acquiring an additional 147 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Anthem by 4.3% in the second quarter. Cubist Systematic Strategies LLC now owns 4,682 shares of the company’s stock valued at $881,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 87.41% of the company’s stock.

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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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