Anthem (ANTM) Issues Quarterly Earnings Results

Anthem (NYSE:ANTM) released its earnings results on Wednesday. The company reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.11, MarketWatch Earnings reports. Anthem had a return on equity of 13.28% and a net margin of 4.79%. The firm had revenue of $22.98 billion for the quarter, compared to analyst estimates of $22.85 billion. During the same quarter in the prior year, the firm posted $2.65 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Anthem updated its FY 2018 guidance to $15.60 EPS.

NYSE ANTM opened at $275.57 on Thursday. The stock has a market cap of $69.02 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.61. Anthem has a one year low of $206.98 and a one year high of $283.06.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.09%. Anthem’s dividend payout ratio is currently 24.92%.

In related news, EVP Peter D. Haytaian sold 3,500 shares of the stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $267.59, for a total transaction of $936,565.00. Following the completion of the transaction, the executive vice president now directly owns 48,206 shares in the company, valued at $12,899,443.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Ronald W. Penczek sold 763 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $265.56, for a total value of $202,622.28. Following the transaction, the chief accounting officer now owns 1,334 shares of the company’s stock, valued at $354,257.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,447 shares of company stock worth $4,143,846. 0.31% of the stock is currently owned by insiders.

ANTM has been the topic of several analyst reports. Citigroup lowered Anthem from a “buy” rating to a “neutral” rating and set a $162.00 target price on the stock. in a research note on Monday, September 10th. Morgan Stanley raised Anthem from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $273.00 to $368.00 in a research note on Wednesday, September 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $316.00 price target on shares of Anthem in a research report on Friday, October 12th. Credit Suisse Group raised their price target on Anthem from $284.00 to $311.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. Finally, Cowen started coverage on Anthem in a research report on Monday, September 17th. They set an “outperform” rating and a $318.00 price target on the stock. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $276.36.

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.

Further Reading: Earnings Reports

Earnings History for Anthem (NYSE:ANTM)

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