Economy

Anthem Incorporated (NYSE:ANTM) Can't Be Less Risky. Short Interest Decreased

Anthem Incorporated (NYSE:ANTM) Can't Be Less Risky. Short Interest Decreased

2017, Anthem, Inc. (ANTM) delivered a 0.22% surprise with its net revenue. The firm presently has a $151.00 target price on the stock. Anthem Inc has $300 highest and $133 lowest target.

ANTM has been the topic of a number of other reports. The firm earned "Hold" rating on Thursday, July 13 by Deutsche Bank. BidaskClub raised shares of Anthem from a hold rating to a buy rating in a research note on Wednesday, September 6th. The rating was maintained by RBC Capital Markets on Monday, October 2 with "Buy". The stock has "Outperform" rating by RBC Capital Markets on Thursday, January 28.

Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, February 1st. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. $197.58's average target is -15.92% below currents $235 stock price. RBC Capital Markets maintained the stock with "Buy" rating in Friday, September 1 report. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51. The company reported $1.76 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.61 by $0.15. The company had revenue of $22.10 billion during the quarter, compared to analysts' expectations of $22.10 billion. The shares were sold at an average price of $209.85, for a total transaction of $4,433,081.25.

Anthem, Inc., through its subsidiaries, operates as a health benefits firm in the United States. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th were issued a dividend of $0.70 per share. On a consensus basis, analysts have given a recommendation of 2.10 on company shares.

Seagate Technology PLC (STX) Receives Consensus Rating of "Hold" from Brokerages
It turned negative, as 73 investors sold STX shares while 163 reduced holdings. 57 funds opened positions while 126 raised stakes. The data storage provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10.

In other news, insider Joseph Swedish sold 8,176 shares of Anthem stock in a transaction on Monday, December 12th. Anthem's dividend payout ratio (DPR) is 25.32%. The stock was sold at an average price of $138.29, for a total value of $113,397.80. Following the transaction, the insider now directly owns 87,668 shares in the company, valued at $18,397,129.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company's stock worth $36,380,000 after purchasing an additional 16,403 shares during the period. The stock was sold at an average price of $217.42, for a total transaction of $212,636.76. The disclosure for this sale can be found here. BB&T Corp now owns 149,999 shares of the company's stock worth $19,701,000 after buying an additional 46,191 shares during the last quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its position in shares of Anthem by 1.9% during the third quarter. The stock increased 2.08% or $4.89 during the last trading session, reaching $239.89. Anthem Inc now has $61.59B valuation. Aberdeen Asset Management PLC UK now owns 228,816 shares of the company's stock worth $30,053,000 after buying an additional 5,762 shares during the last quarter.

Orbis Investment Management decreased Anthem Inc (ANTM) stake by 41.24% reported in 2017Q3 SEC filing. WBI Investments Inc. now owns 56,233 shares of the company's stock worth $10,579,000 after acquiring an additional 48,609 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Anthem during the 3rd quarter worth $101,758,000. Morgan Stanley maintained Anthem, Inc. Institutional investors and hedge funds own 88.56% of the company's stock.

ILLEGAL ACTIVITY NOTICE: "Anthem (ANTM) Lifted to Overweight at Piper Jaffray Companies" was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of global copyright law. The original version of this piece can be viewed at https://www.truebluetribune.com/2018/01/12/anthem-antm-rating-increased-to-buy-at-zacks-investment-research.html. It operates through three divisions: Commercial and Specialty Business, Government Business, and Other. The firm offers Session Border Controllers that address security and interworking requirements for small, medium, and large businesses, as well as regional and global communications service providers; Sonus GSX9000 Open Services Switch, which bridges IP and TDM networks by converting voice signal into Internet Protocol (IP) IP packets and transmitting those IP packets on a data network; and Sonus T7000 Intelligent Switching System, a class five end-office soft switch that provides residential and business voice services, as well as IP-IP multimedia processing engine services.


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