Anthem Inc (NYSE:ANTM) declared a quarterly dividend on Thursday, July 30th, Wall Street Journal reports. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.95 per share on Friday, September 25th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, September 9th.
Anthem has raised its dividend payment by an average of 23.1% per year over the last three years and has raised its dividend every year for the last 5 years. Anthem has a payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Anthem to earn $25.39 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 15.0%.
ANTM opened at $273.80 on Friday. The firm’s 50-day simple moving average is $264.60 and its 200-day simple moving average is $268.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 1.64. Anthem has a twelve month low of $171.03 and a twelve month high of $309.10. The firm has a market cap of $69.72 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.84 and a beta of 0.95.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, July 29th. The company reported $9.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.77 by $0.43. Anthem had a net margin of 5.24% and a return on equity of 19.44%. The business had revenue of $29.20 billion for the quarter, compared to analyst estimates of $29.37 billion. During the same quarter in the prior year, the firm earned $4.64 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Anthem will post 22.42 EPS for the current fiscal year.
In other news, EVP Gloria M. Mccarthy sold 18,261 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $276.11, for a total value of $5,042,044.71. Following the transaction, the executive vice president now owns 60,360 shares of the company’s stock, valued at approximately $16,665,999.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julie A. Hill sold 1,102 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $283.26, for a total transaction of $312,152.52. Following the completion of the transaction, the director now directly owns 31,822 shares in the company, valued at approximately $9,013,899.72. The disclosure for this sale can be found here. Insiders sold a total of 20,465 shares of company stock worth $5,667,815 in the last ninety days. Insiders own 0.22% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Anthem in a report on Friday, June 5th. They issued a “neutral” rating and a $340.00 target price on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $360.00 target price on shares of Anthem in a report on Tuesday, June 9th. Jefferies Financial Group upped their target price on shares of Anthem from $271.00 to $281.00 and gave the stock a “hold” rating in a report on Friday, July 10th. UBS Group increased their price objective on shares of Anthem from $307.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. They noted that the move was a valuation call. Finally, Royal Bank of Canada increased their price objective on shares of Anthem from $319.00 to $331.00 and gave the stock an “outperform” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $333.50.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
Featured Story: Straddles
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.