Anthem (NYSE:ANTM) Price Target Raised to $607.00 at Morgan Stanley

Anthem (NYSE:ANTMGet Rating) had its price objective raised by analysts at Morgan Stanley from $518.00 to $607.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 14.56% from the company’s previous close.

Several other research firms have also recently weighed in on ANTM. Sanford C. Bernstein increased their price objective on Anthem from $559.00 to $574.00 in a report on Tuesday, January 11th. Argus increased their price objective on Anthem from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, February 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $559.00 price objective on shares of Anthem in a report on Tuesday, March 29th. SVB Leerink increased their price objective on Anthem from $483.00 to $555.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, The Goldman Sachs Group increased their price objective on Anthem from $527.00 to $605.00 and gave the stock a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $510.95.

ANTM opened at $529.84 on Thursday. The stock’s 50 day simple moving average is $477.39 and its 200 day simple moving average is $446.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 1.47. Anthem has a 1 year low of $355.43 and a 1 year high of $532.16. The firm has a market cap of $134.19 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.46 and a beta of 1.05.

Anthem (NYSE:ANTMGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The company reported $8.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.81 by $0.44. Anthem had a return on equity of 18.20% and a net margin of 4.40%. The business had revenue of $38.10 billion for the quarter, compared to analyst estimates of $37.28 billion. During the same period last year, the company earned $7.01 EPS. Anthem’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Anthem will post 28.49 EPS for the current year.

In other Anthem news, EVP Peter D. Haytaian sold 17,703 shares of Anthem stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $460.71, for a total value of $8,155,949.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Ronald W. Penczek sold 2,423 shares of Anthem stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $463.68, for a total value of $1,123,496.64. The disclosure for this sale can be found here. In the last three months, insiders sold 22,889 shares of company stock valued at $10,532,411. Corporate insiders own 0.27% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Great Diamond Partners LLC grew its holdings in shares of Anthem by 15.0% in the fourth quarter. Great Diamond Partners LLC now owns 904 shares of the company’s stock worth $419,000 after acquiring an additional 118 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Anthem by 28.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 65,647 shares of the company’s stock valued at $30,430,000 after purchasing an additional 14,406 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Anthem by 7.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 27,774 shares of the company’s stock valued at $12,874,000 after purchasing an additional 1,814 shares during the period. Sanders Capital LLC grew its holdings in Anthem by 9.1% during the third quarter. Sanders Capital LLC now owns 3,977,162 shares of the company’s stock valued at $1,640,909,000 after purchasing an additional 330,942 shares during the period. Finally, Cozad Asset Management Inc. grew its holdings in Anthem by 27.3% during the fourth quarter. Cozad Asset Management Inc. now owns 2,724 shares of the company’s stock valued at $1,263,000 after purchasing an additional 585 shares during the period. 87.97% of the stock is owned by institutional investors.

About Anthem (Get Rating)

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small groups, individuals, Medicaid, and Medicare markets.

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