Royal Bank of Canada Boosts Anthem (NYSE:ANTM) Price Target to $331.00

Anthem (NYSE:ANTM) had its target price hoisted by Royal Bank of Canada from $319.00 to $331.00 in a research report released on Thursday, BenzingaRatingsTable reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently issued reports on ANTM. SVB Leerink raised their target price on Anthem from $325.00 to $345.00 and gave the company an outperform rating in a research note on Thursday. UBS Group raised their target price on Anthem from $307.00 to $330.00 and gave the company a buy rating in a research note on Tuesday, May 12th. They noted that the move was a valuation call. Cfra upgraded Anthem from a hold rating to a buy rating and raised their target price for the company from $290.00 to $306.00 in a research note on Wednesday, April 29th. ValuEngine cut Anthem from a hold rating to a sell rating in a research note on Friday, May 1st. Finally, Morgan Stanley raised their target price on Anthem from $310.00 to $423.00 and gave the company an overweight rating in a research note on Thursday, April 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $333.50.

Anthem stock opened at $273.80 on Thursday. The company has a market cap of $68.86 billion, a PE ratio of 11.21, a P/E/G ratio of 0.83 and a beta of 0.95. The company has a fifty day moving average price of $264.60 and a two-hundred day moving average price of $268.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.64 and a quick ratio of 1.53. Anthem has a 12 month low of $171.03 and a 12 month high of $309.10.

Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 29th. The company reported $9.20 EPS for the quarter, topping analysts’ consensus estimates of $8.77 by $0.43. The firm had revenue of $29.20 billion during the quarter, compared to the consensus estimate of $29.37 billion. Anthem had a net margin of 5.24% and a return on equity of 19.44%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.64 earnings per share. Equities research analysts anticipate that Anthem will post 22.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be paid a dividend of $0.95 per share. 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’s dividend payout ratio is currently 19.55%.

In other Anthem news, Director Julie A. Hill sold 1,102 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $283.26, for a total value of $312,152.52. Following the sale, the director now directly owns 31,822 shares in the company, valued at $9,013,899.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gloria M. Mccarthy sold 18,261 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $276.11, for a total transaction of $5,042,044.71. Following the completion of the sale, the executive vice president now owns 60,360 shares in the company, valued at $16,665,999.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,465 shares of company stock worth $5,667,815. Company insiders own 0.22% of the company’s stock.

Institutional investors have recently modified their holdings of the business. TFG Advisers LLC bought a new stake in Anthem in the fourth quarter worth about $33,000. Ninety One SA PTY Ltd purchased a new position in Anthem in the 1st quarter worth about $26,000. Key Financial Inc purchased a new position in Anthem in the 1st quarter worth about $27,000. Tarbox Family Office Inc. increased its stake in Anthem by 77.5% in the 2nd quarter. Tarbox Family Office Inc. now owns 181 shares of the company’s stock worth $48,000 after purchasing an additional 79 shares in the last quarter. Finally, NuWave Investment Management LLC purchased a new position in Anthem in the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 86.82% of the company’s stock.

About Anthem

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.

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Analyst Recommendations for Anthem (NYSE:ANTM)

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