Jefferies Group LLC reaffirmed their hold rating on shares of Anthem, Inc. (NYSE:ANTM) in a research note released on Friday, July 14th. They currently have a $204.00 price objective on the stock.
Other research analysts have also recently issued research reports about the stock. UBS AG reiterated a buy rating and issued a $189.00 price target on shares of Anthem in a report on Thursday, March 16th. Cantor Fitzgerald restated a buy rating and set a $136.00 target price on shares of Anthem in a report on Thursday, May 11th. Deutsche Bank AG increased 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. Bank of America Corporation increased 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, July 14th. Finally, Credit Suisse Group assumed coverage on shares of Anthem in a report on Wednesday, July 12th. They set a neutral rating and a $195.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $180.00.
Shares of Anthem (ANTM) traded down 0.50% during midday trading on Friday, hitting $190.48. The stock had a trading volume of 967,628 shares. The company has a market cap of $50.02 billion, a P/E ratio of 18.01 and a beta of 0.73. Anthem has a one year low of $114.85 and a one year high of $194.94. The firm has a 50 day moving average of $189.81 and a 200-day moving average of $174.20.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.33 earnings per share. On average, analysts forecast that Anthem will post $11.81 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be paid a $0.70 dividend. This is an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is presently 24.62%.
In related news, Director Ramiro G. Peru sold 2,681 shares of the firm’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 approximately $2,464,222.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Ronald W. Penczek sold 867 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total transaction of $162,527.82. Following the completion of the transaction, the senior vice president now owns 1,872 shares of the company’s stock, valued at approximately $350,925.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,103 shares of company stock worth $749,555. 0.36% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Guardian Life Insurance Co. of America raised 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 worth $168,000 after buying an additional 7 shares during the period. Sii Investments Inc. WI raised its position in Anthem by 0.4% in the first quarter. Sii Investments Inc. WI now owns 2,713 shares of the company’s stock valued at $444,000 after buying an additional 12 shares during the last quarter. Cedar Wealth Management LLC raised its position in Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after buying an additional 15 shares during the last quarter. Dowling & Yahnke LLC raised its position in Anthem by 0.3% in the second quarter. Dowling & Yahnke LLC now owns 7,175 shares of the company’s stock valued at $1,350,000 after buying an additional 18 shares during the last quarter. Finally, Financial Architects Inc raised its position in Anthem by 1.9% in the second quarter. Financial Architects Inc now owns 1,310 shares of the company’s stock valued at $246,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.
About Anthem
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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