Anthem (NYSE:ANTM) had its price objective dropped by equities researchers at SunTrust Banks to $300.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a “hold” rating on the stock. SunTrust Banks’ target price would indicate a potential upside of 19.52% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Morgan Stanley increased their price objective on Anthem from $372.00 to $391.00 and gave the company an “overweight” rating in a research report on Thursday, January 31st. Evercore ISI raised Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 price objective on the stock in a research report on Thursday, January 3rd. Stephens increased their price objective on Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, January 31st. Finally, Credit Suisse Group increased their price objective on Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $327.69.

Shares of NYSE:ANTM opened at $251.00 on Thursday. Anthem has a 1-year low of $219.96 and a 1-year high of $317.99. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. The firm has a market cap of $64.48 billion, a PE ratio of 15.80, a P/E/G ratio of 0.89 and a beta of 0.92.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.86 by $0.17. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The firm had revenue of $24.39 billion during the quarter, compared to the consensus estimate of $24.31 billion. During the same period last year, the company earned $5.41 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts predict that Anthem will post 19.17 EPS for the current fiscal year.

In other Anthem news, Director Julie A. Hill sold 500 shares of the firm’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $299.75, for a total value of $149,875.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gloria M. Mccarthy sold 7,700 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $302.98, for a total value of $2,332,946.00. Following the completion of the transaction, the executive vice president now directly owns 46,456 shares in the company, valued at $14,075,238.88. The disclosure for this sale can be found here. Insiders sold 15,901 shares of company stock worth $4,821,846 over the last three months. Insiders own 0.17% of the company’s stock.

Large investors have recently made changes to their positions in the business. Prime Capital Investment Advisors LLC bought a new position in shares of Anthem in the fourth quarter worth about $28,000. Laurel Wealth Advisors LLC bought a new position in shares of Anthem in the fourth quarter worth about $36,000. Liberty Wealth Management LLC bought a new position in shares of Anthem in the first quarter worth about $36,000. Athena Capital Advisors LLC bought a new position in shares of Anthem in the fourth quarter worth about $39,000. Finally, Semmax Financial Advisors Inc. bought a new position in shares of Anthem in the fourth quarter worth about $42,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

About Anthem

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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