Investment Thesis
Anthem 5-year share price performance. Source: TradingView.
Health insurers have provided strong gains for investors over the past 12 months, despite the market sell-off in March owing to the coronavirus pandemic, which hit the sector harder than most.
Health insurers Humana, Cigna, UnitedHealth, Centene and Anthem vs S&P 500 past 12 months' performance. Source: TradingView.
As we can see above however, Anthem's (ANTM) share price has declined by 6% during this period, whilst sector rivals Humana (HUM), (my note here), Cigna (CI), UnitedHealth (UNH