Price Target Update on Anthem (NYSE:ANTM)

Anthem (NYSE:ANTM) : The highest level Anthem (NYSE:ANTM) is projected to reach is $197 for the short term and the lowest estimate is at $150. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $171.08 and the possibility the share price can swing is $13.67.

Other Equity analysts have also commented on the company shares. Bernstein initiates coverage on Anthem (NYSE:ANTM). The rating major has initiated the coverage with outperform rating on the shares. The rating by the firm was issued on June 16, 2016.

Anthem (NYSE:ANTM): On Thursdays trading session , Opening price of the stock was $129.75 with an intraday high of $130.29. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $127.72. However, the stock managed to close at $128.67, a loss of 0.04% for the day. On the previous day, the stock had closed at $128.72. The total traded volume of the day was 3,328,515 shares.

The company shares have dropped -24.43% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $171.00 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $133.68 and the 200 Day Moving Average price is recorded at $135.87. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mccarthy Gloria M, officer (EVP & Chief Administrative Off) of Anthem, Inc., had unloaded 4,786 shares at an average price of $131.69 in a transaction dated on June 1, 2016. The total value of the transaction was worth $630,268.

Anthem, Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs), health maintenance organizations (HMOs), point-of-service (POS), plans, traditional indemnity plans and other hybrid plans, including consumer-driven health plans (CDHPs), and hospital only and limited benefit products. In addition, the Company also provides an array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care.

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