Anthem's Gains Weaken The Bull Case

Jun. 01, 2022 3:43 PM ETElevance Health, Inc. (ELV) StockELV1 Comment
Geoff Considine
5.7K Followers

Summary

  • ANTM has returned 29% over the past year, as the company continues to turn in consensus-beating earnings.
  • The Wall Street consensus outlook continues to be bullish, albeit with modest expectations implied by the 12-month price target.
  • The market-implied outlook (implied by options prices) has gotten less bullish but still suggests a positive outlook.

Anthem World Headquarters. Anthem is a Trusted Health Insurance Plan Provider

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Anthem (ANTM) is the second-largest U.S. health insurance company, with 46 million Americans covered, an increase of 7.5% over the past year. ANTM investors have been well served over the last decade, with 3-, 5-, and 10-year

This article was written by

5.7K Followers
Geoff has worked in quantitative finance for more than twenty years. Before entering finance, Geoff was a research scientist for NASA. Geoff holds a PhD in Atmospheric Science from the University of Colorado - Boulder and a BS in Physics from Georgia Tech. Neither Geoff Considine nor Quantext (Geoff's company) are investment advisors. Nothing in any commentary here on Seeking Alpha or elsewhere shall be regarded as advice.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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