Shares of Anthem Inc. (NYSE:ANTM) traded today at $491.71, eclipsing its 52-week high. This new high was reached on below average trading volume as 257,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
Anthem remains one of leading health insurers in the U.S., providing medical benefits to roughly 45 million medical members. The company offers employer, individual, and government-sponsored coverage plans. Anthem differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Anthem’s reach expands beyond those states through government-sponsored programs such as Medicaid, too.
In the past 52 weeks, shares of Anthem Inc. have traded between a low of $349.05 and a high of $491.71 and is now at $487.90, which is 40% above that low price.
Anthem Inc. (NYSE:ANTM) is currently priced 1.7% above its average consensus analyst price target of $479.76.
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