Jefferies Group LLC reissued their hold rating on shares of Anthem, Inc. (NYSE:ANTM) in a report published on Friday. The firm currently has a $204.00 target price on the stock.
Several other brokerages also recently commented on ANTM. Bank of America Corporation lifted their target price on shares of Anthem from $224.00 to $228.00 and gave the stock a buy rating in a report on Friday. Deutsche Bank AG lifted their target price on shares of Anthem from $173.00 to $185.00 and gave the stock a hold rating in a report on Thursday, July 13th. Credit Suisse Group began coverage on shares of Anthem in a report on Wednesday, July 12th. They issued a neutral rating and a $195.00 target price on the stock. Morgan Stanley began coverage on shares of Anthem in a report on Tuesday, June 6th. They issued an equal weight rating and a $196.00 target price on the stock. Finally, Citigroup Inc. reiterated a buy rating and issued a $205.00 target price on shares of Anthem in a report on Wednesday, June 28th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $174.26.
Shares of Anthem (NYSE ANTM) traded down 1.37% during mid-day trading on Friday, reaching $189.45. The company had a trading volume of 1,841,684 shares. Anthem has a 52-week low of $114.85 and a 52-week high of $194.94. The stock has a market capitalization of $50.20 billion, a P/E ratio of 18.36 and a beta of 0.73. The company’s 50-day moving average is $185.31 and its 200 day moving average is $166.86.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.83. The business had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $21.23 billion. Anthem had a net margin of 3.19% and a return on equity of 13.13%. Anthem’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.46 EPS. Analysts anticipate that Anthem will post $11.78 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, June 7th. Anthem’s payout ratio is presently 25.22%.
In other news, Director Ramiro G. Peru sold 2,681 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total value of $486,815.98. Following the completion of the transaction, the director now owns 13,571 shares in the company, valued at $2,464,222.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julie A. Hill sold 555 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total transaction of $100,210.80. Following the completion of the transaction, the director now owns 37,448 shares of the company’s stock, valued at approximately $6,761,610.88. The disclosure for this sale can be found here. Insiders sold 4,103 shares of company stock valued at $749,555 in the last ninety days. Insiders own 0.36% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANTM. FTB Advisors Inc. boosted its position in shares of Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after buying an additional 67 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares during the last quarter. Focused Wealth Management Inc acquired a new position in shares of Anthem during the first quarter valued at approximately $149,000. Guardian Life Insurance Co. of America boosted its position in shares of Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after buying an additional 7 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in shares of Anthem during the first quarter valued at approximately $181,000. Institutional investors own 88.66% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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