Anthem (NYSE:ANTM) had its price objective lifted by SVB Leerink from $325.00 to $345.00 in a report released on Thursday, BenzingaRatingsTable reports. They currently have an outperform rating on the stock.
A number of other equities research analysts have also commented on the company. Goldman Sachs Group assumed coverage on Anthem in a research report on Friday, June 5th. They issued a neutral rating and a $340.00 price target on the stock. UBS Group upped their price target on Anthem from $307.00 to $330.00 and gave the company a buy rating in a research report on Tuesday, May 12th. They noted that the move was a valuation call. Cantor Fitzgerald reissued a buy rating and issued a $360.00 price objective on shares of Anthem in a research note on Tuesday, June 9th. Jefferies Financial Group boosted their price objective on Anthem from $271.00 to $281.00 and gave the company a hold rating in a research note on Friday, July 10th. Finally, Morgan Stanley boosted their price objective 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 issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $333.50.
NYSE ANTM opened at $273.80 on Thursday. The business’s 50-day moving average price is $264.60 and its two-hundred day moving average price is $268.06. Anthem has a 12 month low of $171.03 and a 12 month high of $309.10. The firm has a market capitalization of $68.86 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The company has a current ratio of 1.64, a quick ratio of 1.53 and a debt-to-equity ratio of 0.58.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 29th. The company reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $8.77 by $0.43. Anthem had a return on equity of 19.44% and a net margin of 5.24%. The firm had revenue of $29.20 billion for the quarter, compared to analyst estimates of $29.37 billion. During the same quarter in the previous year, the company posted $4.64 EPS. The business’s revenue was up 15.9% on a year-over-year basis. As a group, analysts forecast that Anthem will post 22.42 earnings per share for the current fiscal year.
The company also recently declared 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 yield of 1.39%. The ex-dividend date is Wednesday, September 9th. Anthem’s dividend payout ratio (DPR) is currently 19.55%.
In related news, EVP Gloria M. Mccarthy sold 18,261 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 60,360 shares of the company’s stock, valued at approximately $16,665,999.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert L. Dixon, Jr. sold 1,102 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $284.59, for a total value of $313,618.18. Following the sale, the director now directly owns 9,568 shares of the company’s stock, valued at $2,722,957.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,465 shares of company stock worth $5,667,815. 0.22% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Lido Advisors LLC increased its holdings in Anthem by 3.7% during the 1st quarter. Lido Advisors LLC now owns 1,055 shares of the company’s stock worth $240,000 after purchasing an additional 38 shares in the last quarter. Bedel Financial Consulting Inc. increased its holdings in Anthem by 3.6% during the 1st quarter. Bedel Financial Consulting Inc. now owns 1,109 shares of the company’s stock worth $252,000 after purchasing an additional 39 shares in the last quarter. Cim Investment Mangement Inc. increased its holdings in Anthem by 3.3% during the 1st quarter. Cim Investment Mangement Inc. now owns 1,313 shares of the company’s stock worth $298,000 after purchasing an additional 42 shares in the last quarter. Private Capital Group LLC increased its holdings in Anthem by 21.9% during the 1st quarter. Private Capital Group LLC now owns 239 shares of the company’s stock worth $54,000 after purchasing an additional 43 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in Anthem by 9.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 487 shares of the company’s stock worth $128,000 after purchasing an additional 43 shares in the last quarter. 86.82% of the stock is owned by hedge funds and other institutional investors.
Anthem Company Profile
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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