Anthem Inc (NYSE:ANTM) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 4,400,000 shares, a growth of 13.1% from the December 15th total of 3,890,000 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is presently 3.1 days.
ANTM traded up $6.18 during trading on Wednesday, hitting $303.06. The stock had a trading volume of 627,685 shares, compared to its average volume of 1,352,805. The firm has a market cap of $75.38 billion, a PE ratio of 19.07, a P/E/G ratio of 0.86 and a beta of 0.76. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. Anthem has a 12 month low of $227.16 and a 12 month high of $317.99. The company has a 50 day simple moving average of $295.40 and a 200-day simple moving average of $277.40.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $4.87 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.05. Anthem had a return on equity of 15.59% and a net margin of 4.29%. The business had revenue of $26.44 billion for the quarter, compared to analyst estimates of $25.88 billion. During the same period in the previous year, the company posted $3.81 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Anthem will post 19.43 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on ANTM shares. Bank of America cut shares of Anthem from a “buy” rating to a “neutral” rating in a report on Friday, December 6th. Mizuho began coverage on Anthem in a research report on Thursday, October 17th. They issued a “neutral” rating and a $262.00 price target for the company. JPMorgan Chase & Co. upped their price target on Anthem from $322.00 to $391.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Credit Suisse Group upped their price target on Anthem from $340.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Finally, ValuEngine lowered Anthem from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $331.00.
In other news, EVP Peter D. Haytaian sold 12,095 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $300.00, for a total transaction of $3,628,500.00. Following the transaction, the executive vice president now owns 41,377 shares in the company, valued at approximately $12,413,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ronald W. Penczek sold 816 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $287.00, for a total transaction of $234,192.00. Following the transaction, the chief accounting officer now owns 2,295 shares in the company, valued at approximately $658,665. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,097 shares of company stock valued at $9,503,088. 0.17% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Integre Asset Management LLC bought a new position in Anthem during the second quarter worth $2,182,000. Sector Gamma AS increased its holdings in shares of Anthem by 2.1% during the 3rd quarter. Sector Gamma AS now owns 74,607 shares of the company’s stock worth $17,913,000 after purchasing an additional 1,500 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Anthem by 3.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,913 shares of the company’s stock worth $3,341,000 after purchasing an additional 498 shares during the period. Bangor Savings Bank raised its position in shares of Anthem by 4.3% during the fourth quarter. Bangor Savings Bank now owns 6,932 shares of the company’s stock valued at $2,094,000 after buying an additional 286 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA raised its position in shares of Anthem by 3.9% during the third quarter. Lederer & Associates Investment Counsel CA now owns 5,495 shares of the company’s stock valued at $1,319,000 after buying an additional 205 shares during the last quarter. 88.14% of the stock is currently owned by 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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