5 Stocks Making Moves on Financial Results

1. Anthem, Inc. (NYSE:ANTM)

Number of Hedge Fund Holders: 67

Shares Anthem, Inc. (NYSE:ANTM) hit an all-time high of $425.44 on Wednesday, 20 October 2021, after delivering another solid quarter. The Indianapolis-based health insurer reported adjusted earnings of $6.79 per share for the third quarter, beating the consensus forecast of $6.37 per share.

Anthem, Inc. (NYSE:ANTM) had reported adjusted earnings of $4.20 per share for the comparable period of 2020. Revenue for the quarter jumped 15 percent on a year-over-year basis to $35.82 billion, ahead of analysts’ average estimate of $35.35 billion.

Medical enrollment in the quarter increased 5.7 percent to 45.1 million members. In addition, Anthem, Inc. (NYSE:ANTM) announced that it bought back $450 million worth of shares during the quarter.

Looking forward, Anthem, Inc. (NYSE:ANTM) expects adjusted earnings of at least $25.85 per share for the full year, up from its previous forecast of at least $25.50 per share. The updated outlook is better than analysts’ average estimate of $25.66.

Speaking on the results, CEO Gail Boudreaux said in a statement:

“The strong growth we saw across all of our benefits business in the third quarter demonstrates that our core offerings, as well as additional innovative products and services continue to resonate in the market.”

You can also take a peek at 12 Best Long-Term Dividend Stocks To Buy Now and 20 Safe Dividend Stocks to Quit Your 9 to 5 Job.

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