ANTM
Anthem Inc
Healthcare, Event Driven/Special Sit
02/08/2016
Presented
| Date | 02/03/2016 |
| Price | $126.83 |
| Market Cap | $33.99B |
| Ent Value | $53.23B |
| P/E Ratio | 13.59x |
| Book Value | $89.02 |
| Div Yield | 1.97% |
| Shares O/S | 268.00M |
| Ave Daily Vol | 2,012,679 |
| Short Int | 3.61% |
Current
| Price | $483.87 |
| Market Cap | $112.20B |
| Anthem, Inc. provides life, hospital and medical insurance plans. It offers a broad spectrum of network-based managed care health benefit plans to the large and small employer, individual, Medicaid and Medicare markets. The company also provides an array of specialty and other insurance products and services such as behavioral health benefit services, dental, vision, life and disability insurance benefits, radiology benefit management, analytics-driven personal health care guidance and long-term care insurance. It also provides services to the Federal Government in connection with the Federal Employee Program, or FEP, and various Medicare programs. The company operates through three segments: Commercial and Specialty Business, Government Business and Other. The Commercial and Specialty Business segment includes local group, national accounts, and individual and specialty businesses. The Government Business segment includes medi care and medic aid businesses, national government services and services provided to the federal government in connection with FEP. The Other segment includes other businesses that do not meet the quantitative thresholds for an operating segment as defined by financial accounting standards board guidance, as well as corporate expenses not allocated to the other reportable segments. The company was founded on November 30, 2004 and is headquartered in Indianapolis, IN. |
Please note, this idea was updated on 06/13/2013 and can be read here: Long - Anthem Inc.
Publicly traded companies mentioned herein: Aetna Inc (AET), Anthem Inc (ANTM), Cigna Corp (CI), CVS Health Corporation (CVS), Express Scripts Holding Company (ESRX), Humana Inc (HUM)
Highlights
Shares of Blue Cross Blue Shield plan provider Anthem (ANTM) represent an attractive value at ~$125, in the presenter’s opinion. There are three components to the bullish thesis, including the “standalone” value, the value of a combined ANTM/ Cigna, and the upside to both scenarios from the re-pricing of the pharmacy benefits contract with Express Scripts. He sees the potential for at least 45% upside for shareholders over the next 12-18 months based on the standalone case, and 70%+ upside if the deal goes through and the multiple expands.
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