Anthem, Inc. is a health insurance company that was founded in 1944 and is headquartered in Indianapolis, Indiana. The company provides health insurance products and services to over 38 million members in the United States. Anthem is a Fortune 100 company and is the largest health insurance company in the United States. In this article, we will discuss Anthem Stock Forecast and what investors can expect from the company in the future.
Some analysts are bullish on the stock split, arguing that it will unlock value for shareholders. Wells Fargo raised its price target to $500 from $540 and reiterated its outperform rating, stating that the PBM business is undervalued. Jefferies also upgraded Anthem to buy with a price target of $539. Other analysts are more skeptical and note that Anthem has a history of disappointing earnings per share (EPS) for the PBM unit. The company’s stock has underperformed the S&P 500 index by 16% in the past three years.
Others are more cautious, citing concerns about execution risk and the potential for disruption during the split. Analysts at BB&T said they remain concerned about the size of Anthem’s PBM business and its potential “to disrupt its large employer customers.” They also note that Anthem has a history of disappointing earnings for this division.
Anthem provides health insurance to individuals, families, and businesses. Anthem is the largest health insurer in the United States. The company has over 40 million members. Anthem is expected to grow significantly in the coming years. Anthem is expected to have a long-term growth rate of 5%.
Anthem’s PBM business is its fastest-growing division and accounts for over 50% of the company’s total revenues. Anthem is considered to be a “unicorn” by some analysts. In 2016, Anthem’s total revenues were $96 billion and its net income was $6.7 billion. And now it has a market cap of $113 Billion.
The following is a stock forecast for Anthem, Inc. (ANTM) based on a technical analysis of the company’s chart. The stock is expected to rise in price due to strong earnings growth and an increase in the company’s market share.
Anthem, Inc. is a health insurance company headquartered in Indianapolis, Indiana. The company operates through two segments: Group Insurance and PBM. The company offers group life, health and dental insurance products primarily to small employers and individuals through its UnitedHealth Group subsidiary.
Anthem is the largest PBM in the U.S. and manages more than half of all U.S. Anthem is also the second-largest health insurer in the U.S., behind Cigna Corp (CI). In 2017, Anthem reported $64.3 billion in revenue. The company acquired Cigna in 2015 for $47 billion a deal that increased its size by nearly 50 percent. Anthem is led by CEO and Chairman Joseph Swedish. He assumed the role of CEO in June 2013, replacing Joseph R.
The company is headquartered in Indianapolis, Indiana with regional headquarters in California, Florida and Ohio. The company’s strong financial position and its growing customer base are two of the main reasons for its success.