Anthem, Inc. (NYSE:ANTM) has been assigned a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat.com reports. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $180.00.
Several research firms have weighed in on ANTM. Jefferies Group LLC reiterated a “hold” rating and set a $204.00 price target on shares of Anthem in a research note on Friday, July 14th. Deutsche Bank AG boosted their price target on Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, July 13th. Cantor Fitzgerald reiterated a “buy” rating and set a $136.00 price target on shares of Anthem in a research note on Thursday, May 11th. BidaskClub downgraded Anthem from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Bank of America Corporation boosted their price target on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 14th.
Anthem (NYSE ANTM) opened at 192.85 on Monday. The stock has a market capitalization of $50.64 billion, a PE ratio of 18.24 and a beta of 0.73. The firm has a 50-day moving average price of $190.01 and a 200 day moving average price of $175.67. Anthem has a 12 month low of $114.85 and a 12 month high of $194.94.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.33 EPS. Equities analysts anticipate that Anthem will post $11.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a yield of 1.45%. This is an increase from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio is currently 24.62%.
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In other Anthem news, Director Julie A. Hill sold 555 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was 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 $6,761,610.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald W. Penczek sold 867 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total value of $162,527.82. Following the transaction, the senior vice president now directly owns 1,872 shares of the company’s stock, valued at approximately $350,925.12. The disclosure for this sale can be found here. Insiders have sold 4,103 shares of company stock worth $749,555 in the last quarter. 0.36% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in ANTM. Thrivent Financial for Lutherans boosted its position in shares of Anthem by 39.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,772 shares of the company’s stock worth $2,411,000 after buying an additional 4,702 shares during the last quarter. Vident Investment Advisory LLC boosted its position in shares of Anthem by 8.1% in the fourth quarter. Vident Investment Advisory LLC now owns 18,709 shares of the company’s stock worth $2,690,000 after buying an additional 1,406 shares during the last quarter. Dodge & Cox purchased a new position in shares of Anthem during the fourth quarter worth approximately $432,031,000. Quadrature Capital Ltd purchased a new position in shares of Anthem during the fourth quarter worth approximately $1,891,000. Finally, Orbis Allan Gray Ltd boosted its position in shares of Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock worth $448,585,000 after buying an additional 996,248 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.
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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