T. Rowe Price Associates, Inc. (I. recently announced the acquisition of new stake in Anthem Inc. (NYSE:ANTM). The institutional investor has increased its shareholding in the Healthcare company by 17.94% to 13.58 million shares with purchase of 2.07 million shares. This fresh investment now brings its stake to 5.39% valued currently at $3.57 billion. In addition, Wellington Management Co. LLP raised its holdings by 3.3 million to 11.34 million shares. And Capital Research & Management Co. has lifted its position by 16.32% or 1.14 million shares – to 8.12 million shares.
With over 1.0 million Anthem Inc. (ANTM) shares trading Wednesday and a closing price of $269.93 on the day, the dollar volume was approximately $271.16 million. The shares have shown a positive weekly performance of 0.30% and its price on 07/22/20 gained nearly 0.69%. Currently, there are 252.40M common shares owned by the public and among those 250.79M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 25 analysts who have offered their price forecasts for ANTM have a consensus price objective of $332.00. The analysts have set the share’s price value over the next 12 months at a high of $423.00 and a low of $281.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Anthem Inc. stock is 2.00 for the next 12 months. The average price target is 19.5% above its last price level and an upside to the estimated low will see the stock gain 3.94% over that period. But an upside of 36.19% will see the stock hit the forecast high price target while mean target price for the stock is $330.00.
Insiders at the company have transacted a total of 82 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 296,586 shares. Insider sales of the common stock occurred on 40 occasions, with total insider shares sold totaling 198,394 shares.
The top 3 mutual fund holders in Anthem Inc. are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Vanguard Health Care Fund. Vanguard Total Stock Market Index owns 7.19 million shares of the company’s stock, all valued at over $1.89 billion. The company sold -0.13 million shares recently to bring their total holdings to about 2.85% of the shares outstanding. Vanguard 500 Index Fund bought 53185.0 shares to see its total holdings expand to 5.23 million shares valued at over $1.38 billion and representing 2.08% of the shares outstanding. Vanguard Health Care Fund bought 0.48 million shares to bring its total holdings to over 4.68 million shares at a value of $1.23 billion. Vanguard Health Care Fund now owns shares totaling to 1.86% of the shares outstanding.
Shares of Anthem Inc. (NYSE: ANTM) opened at $266.28, down -$1.81 from a prior closing price of $268.09. However, the script later closed the day at $269.93, up 0.69%. The company’s stock has a 5-day price change of 0.30% and 1.95% over the past three months. ANTM shares are trading -11.24% year to date (YTD), with the 12-month market performance down to -11.40% lower. It has a 12-month low price of $171.03 and touched a high of $309.10 over the same period. Currently, 1.0 million shares have been traded, compared to an average intraday trading volume of 1.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.83%, -0.84%, and -0.60% respectively.
Institutional ownership of Anthem Inc. (NYSE: ANTM) shares accounts for 92.30% of the company’s 252.40M shares outstanding. Mutual fund holders own 38.49%, while other institutional holders and individual stakeholders account for 52.11% and 0.34% respectively.
It has a market capitalization of $67.01B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 14.51, while the earnings-per-share (ttm) stands at $18.48. The company has a PEG of 0.98 and the debt-to-equity ratio at 0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.60% over the week and 2.67% over the month.
Analysts forecast that Anthem Inc. (ANTM) will achieve an EPS of $8.87 for the current quarter, $4.37 for the next quarter and $25.25 for 2021. The lowest estimate earnings-per-share for the quarter is $6.04 while analysts give the company a high EPS estimate of $9.31. Comparatively, EPS for the current quarter was $4.64 a year ago. Earnings per share for the fiscal year are expected to increase by 31.10%, and 13.11% over the next financial year. EPS should shrink at an annualized rate of 14.77% over the next five years, compared to 15.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 25 brokerage firm advisors rate Anthem Inc. (ANTM) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 17 Wall Street analysts polled rate the stock as a buy, while 6 of the 25 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ANTM, a number of firms have released research notes about the stock. SVB Leerink stated their Outperform rating for the stock in a research note on July 01, 2020, with the firm’s price target at $325. Goldman coverage for the Anthem Inc. (ANTM) stock in a research note released on June 05, 2020 offered a Neutral rating with a price target of $340. Jefferies was of a view on April 09, 2020 that the stock is Hold, while Mizuho gave the stock Neutral rating on October 18, 2019, issuing a price target of. Deutsche Bank on their part issued Buy rating on September 12, 2019.