Anthem consists of for-profit Blue Cross plans across 14 states. Barron’s credited Anthem’s CEO Gail Boudreaux with shaking “up a sleepy corporate culture” and setting “ambitious financial targets,” like a 12-15 percent increase in annual earnings.
“Every time I look at it, I see new sources of earnings growth,” Adam Seessel, founder of investment firm Gravity Capital Management and a longtime stockholder, told Barron’s. He predicts the stock could hit $450 in the coming years. The stock is currently around $303.
More articles on payers:
Aetna, Cigna and BCBS hit with fines over improper denials in California
HCSC to lay off dozens of employees after exec exits
Cigna sells group insurance unit for $6.3B
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