Curious about the anthem stock price? This article offers an analysis of Anthem’s recent stock valuation, key market influences, and historical performance context. Focused and factual, we dive into the numbers and trends that matter to investors and shareholders looking to make sense of Anthem’s place in the financial markets.
Key Takeaways
ANTM stock value is influenced by the interplay of market dynamics and events, where price fluctuations reflect supply and demand during market hours and using interactive charts can provide advanced insights for informed investment decisions.
Anthem rebranding to Elevance Health Inc. signifies a strategic move beyond traditional health insurance, and the NYSE plays a crucial role in the stock’s performance, visibility, and accessibility to investors.
Anthem’s financial health is indicated through quarterly earnings, dividend policies, and analyst ratings, with earnings impacting stock price and dividends attracting investors seeking steady income.
Understanding ANTM Stock Price Dynamics
Over the past 5 years, ANTM stock has shown strong growth, increasing from around $180 in early 2017 to over $480 currently, representing a gain of over 160%. The stock has outperformed the broader market during this period. However, the stock has seen increased volatility during the COVID-19 pandemic.
Key Drivers of Stock Price
ANTM’s financial and operating performance is the primary driver of its stock price. The company has delivered solid revenue growth, expanding margins, and robust earnings in recent years. In Q1 2022, Anthem reported EPS of $8.25, beating estimates, on revenue growth of 18% year-over-year. Continued strong execution should support further stock price appreciation.
As one of the largest health insurance providers in the U.S., ANTM benefits from industry tailwinds such as an aging population driving higher healthcare utilization. However, potential regulatory changes to the U.S. health insurance system pose a risk.
Valuation
ANTM currently trades at a forward P/E ratio of around 15x, which is in-line with its historical average but at a discount to some peers. The reasonable valuation likely reflects some uncertainty around U.S. health insurance reform. As long as Anthem keeps executing well, the valuation should provide upside for the stock.
Technical Factors
From a technical analysis perspective, ANTM remains in a long-term uptrend, consistently making higher highs and higher lows. However, the stock has been consolidating gains in recent months and appears to be facing some resistance around the $530 level. A decisive breakout above this level would be a bullish signal.
Decoding the Symbols: ANTM and Its Market Identity
The ANTM symbol serves more than just as a catchy acronym. It’s Anthem’s identity on trading platforms, a beacon for investors tracking price movements, and making real-time trading decisions. As ANTM is traded on the New York Stock Exchange (NYSE), it plays a significant role in shaping the company’s market identity and influencing its stock price dynamics.
From Anthem to Elevance Health Inc
The transition from Anthem Inc to Elevance Health Inc marked a new chapter in the company’s journey. It was more than just a change of name and stock symbol; it symbolized the company’s ambition to ‘elevate’ and ‘advance’ its role beyond traditional health insurance to encompass a wider range of healthcare services.
This rebranding could potentially influence the perception and performance of its stock in the market.
Understanding the NYSE and Its Influence on ANTM Stock
The NYSE is the stage where ANTM stock performs its daily dance. This exchange platform is integral to the trading of Anthem’s stock, providing a platform for real-time price updates and trade executions. The NYSE’s influence on ANTM’s stock is undeniable, shaping the stock’s visibility, accessibility, and market performance.
Anthem’s Financial Health: Earnings, Dividends, and Analysts’ Ratings
In stock trading, investors use Anthem’s financial health as a crucial indicator. It’s not just about the numbers, but what they represent – the company’s performance, sustainability, and growth potential. From earnings reports to dividends and analysts’ ratings, each aspect offers a unique perspective on Anthem’s financial health.
Quarterly Earnings Reports and Investor Expectations
Anthem’s quarterly earnings reports act as report cards, exposing the company’s performance in comparison to market analysts’ estimates. These earnings surprises can impact the stock price, with it typically increasing when earnings surpass forecasts and decreasing when they fall short.
While earnings estimates are a crucial aspect of a stock’s evaluation, they are not the only factor to consider. Analyst ratings also play a pivotal role in shaping investor expectations and decisions.
| Year | Total Revenue (in billions) |
|---|---|
| 2021 | $138.6 |
| 2020 | $121.9 |
| 2019 | $104.2 |
Dividend Yields and Their Attraction to Investors
ANTM pays a modest dividend, currently yielding 0.98%. While not a high-yield stock, Anthem has grown its dividend consistently. For income-oriented investors, ANTM provides a combination of dividend growth and capital appreciation potential.
Analyst Ratings: Strong Buy
Source: Tipranks
Here is a summary of analyst ratings for Anthem Inc (ANTM) stock:
- ANTM is currently covered by 20 analysts with an average price target of $568.40.
- The stock rating distribution for ANTM is 16 BUY, 4 Hold and 0 SELL.
- The highest analyst price target for ANTM is $642, while the lowest is $335.
- Analysts’ average stock forecasts materialization ratio for ANTM is 85.5% with an average time of 245 days for these price targets to be met.
- Based on 20 analysts giving stock ratings to ANTM in the past 12 months, the consensus analyst rating is bullish.
Wall Street analysts are overwhelmingly bullish on Anthem (ANTM) stock, with most of the analysts issuing Buy ratings and price targets suggesting meaningful upside potential from current levels. Analysts expect their price targets to be met within the next year on average, and have a strong track record of accuracy on their ANTM forecasts.
The Business Wire: Anthem’s Commercial and Specialty Business Segments
Anthem’s transition to Elevance Health Inc. signified more than a mere name change; it represented the company’s strategic expansion beyond traditional health insurance services. With the introduction of subsidiary brands like Carelon and Wellpoint, Anthem aims to address a wider range of healthcare challenges.
The company’s market reach is extensive, serving over 118 million people with nearly 47 million within its health plans, and maintains a network that grants access to more than 1 million healthcare providers.
Large and Small Employer Health Plans
From small start-ups to multinational corporations, Anthem offers customized health insurance solutions suitable for businesses of all sizes. The company’s commercial offerings include:
Medical plans
Behavioral health plans
Pharmacy plans
Dental plans
Vision plans
These comprehensive healthcare solutions, provided by a health benefits company, are designed to meet the needs of employers, individuals, and families.
Anthem’s emphasis on whole-person care and the integration of resources across various areas enhances the efficiency of employee healthcare services.
Government Business and Medicare Markets
Anthem’s involvement in Medicare and Medicaid markets showcases its commitment to providing comprehensive healthcare solutions. The company’s Medicare Advantage plans offer extensive coverage, including:
Hospital services
Medical services
Dental services
Vision services
Hearing services
Through its engagement with local governments and communities, Anthem provides Medicare and Medicaid plans to over 15 million individuals, illustrating the scale of its government business.
Specialty Business: Dental, Vision, and Beyond
Anthem’s specialty business resembles a treasure chest, brimming with diverse insurance plans tailored to a range of health needs. From dental to vision insurance, each offering is designed with specific features, tailored to customer needs.
With full coverage dental plans, Anthem ensures the diverse health needs of individuals and families are met.
Investment Strategies: When to Buy or Sell ANTM Stock
Investing in Anthem Inc. necessitates strategic decisions, grounded in complex algorithms and statistical models, that take into account the company’s performance, fundamentals, and technical indicators, rather than being a game of chance. From reading market signals to understanding the impact of stop loss and sell orders on ANTM stock value, each strategy is like a piece of a puzzle, contributing to a comprehensive investment approach.
Reading Market Signals for ANTM Stock
Market signals operate as a language, communicating crucial information about ANTM’s stock price. Some examples of market signals include:
Anticipated stock prices
Volume of trades
Price-to-earnings ratio
Moving averages
These signals serve as indicators for investors, revealing potential future trends and price movements.
Technical analysis tools further help investors identify trading signals, enabling them to predict current and future market trends.
The Impact of Stop Loss and Sell Orders on ANTM Stock Value
Stop loss and sell orders function as safety nets, shielding investors from possible losses. However, they can also impact ANTM’s stock price and market volatility. The activation of stop loss orders can compound market volatility, potentially causing further downward pressure on ANTM’s stock value.
Similarly, large sell orders can drive down the market price of ANTM stock as excess supply is introduced to the market, affecting the stock’s value negatively.
Elevance Health: A Closer Look at Anthem’s Parent Company
Elevance Health Inc., Anthem’s parent company, seeks to transcend the role of a mere health insurance provider to become a lifetime health partner for its customers. By providing various types of coverage, Elevance Health ensures continuity as individuals transition between health plans, potentially stabilizing the customer base and positively influencing the ANTM stock price.
Overview of Elevance Health’s Market Position
Elevance Health Inc. is a titan in the healthcare industry. Here are some key facts about the company:
Recognized as the largest for-profit managed healthcare company in the Blue Cross Blue Shield Association
Ranked 20th on the Fortune 500 list
Ranked 78th in the Forbes Global 2000
Elevance Health’s Subsidiaries and Services
With a range of subsidiaries under its umbrella, Elevance Health Inc. offers a wide array of services, from medical to dental plans, incorporating a whole-health approach. The acquisition of Blue Cross and Blue Shield of Louisiana marked its expansion to 15 states, adding 1.9 million new members.
Investors’ Page: A Resource for Market Participants
Elevance Health Inc.’s investor relations page houses a wealth of information for market participants. From stock data and financial filings to corporate governance documents, it provides comprehensive insights for investors.
Summary
Navigating the intricacies of ANTM stock price dynamics, understanding its market identity, and delving into Anthem’s financial health and business segments, we’ve journeyed through the labyrinth of factors influencing ANTM’s stock price. As we’ve seen, investing in Anthem requires a multi-faceted strategy, taking into account the company’s performance, market signals, and external influences. As we conclude our exploration, remember that the key to successful investing lies in continuous learning and staying informed.
Frequently Asked Questions
Should i sell my Anthem stock?
Considering Anthem’s strong buy consensus rating and potential upside, it may be worth holding onto your stock. It shows promising growth potential.
How high can Anthem stock go?
Analysts have an average price target of $568.40 for Anthem stock, with a high forecast of $642.00.
What influences the ANTM stock price?
The ANTM stock price is influenced by market hours, historical performance, earnings reports, dividends, and analysts’ ratings. These factors collectively drive the stock price.
How does Anthem’s transition to Elevance Health Inc affect its stock performance?
The transition to Elevance Health Inc could potentially influence Anthem’s stock performance, symbolizing the company’s ambition to expand beyond traditional health insurance. This transition may lead to changes in how investors perceive the company’s future prospects.
What services does Elevance Health Inc. provide?
Elevance Health Inc. provides a wide range of services, including medical and dental plans with a holistic health focus.
