BidaskClub upgraded shares of Anthem, Inc. (NYSE:ANTM) from a hold rating to a buy rating in a research note released on Thursday, October 26th.
A number of other analysts have also recently commented on ANTM. Citigroup Inc. reiterated a buy rating and set a $205.00 price objective on shares of Anthem in a research report on Wednesday, June 28th. Credit Suisse Group initiated coverage on Anthem in a report on Wednesday, July 12th. They set a neutral rating and a $195.00 price target for the company. Deutsche Bank AG boosted their price target on Anthem from $173.00 to $185.00 and gave the company a hold rating in a report on Thursday, July 13th. Bank of America Corporation upped their price objective on Anthem from $224.00 to $228.00 and gave the stock a buy rating in a research note on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $204.00 price objective on shares of Anthem in a research note on Friday, July 14th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Anthem currently has an average rating of Buy and an average target price of $197.69.
Shares of Anthem (ANTM) opened at $218.27 on Thursday. The firm has a market capitalization of $56,043.01, a P/E ratio of 17.52, a PEG ratio of 1.71 and a beta of 0.77. Anthem has a 1 year low of $131.38 and a 1 year high of $220.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business earned $2.45 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. equities research analysts anticipate that Anthem will post 11.97 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.28%. Anthem’s payout ratio is 25.32%.
In other Anthem news, SVP Ronald W. Penczek sold 978 shares of Anthem stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total transaction of $212,636.76. Following the completion of the transaction, the senior vice president now owns 1,222 shares in the company, valued at approximately $265,687.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $190.63, for a total value of $4,027,058.75. The disclosure for this sale can be found here. Insiders sold a total of 65,955 shares of company stock valued at $13,179,953 in the last 90 days. 0.36% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of ANTM. First Interstate Bank grew its position in shares of Anthem by 1,910.7% during the 3rd quarter. First Interstate Bank now owns 563 shares of the company’s stock valued at $107,000 after acquiring an additional 535 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Anthem during the 2nd quarter valued at about $128,000. Salem Investment Counselors Inc. grew its position in shares of Anthem by 1.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after acquiring an additional 10 shares during the period. Harding Loevner LP acquired a new stake in shares of Anthem during the 2nd quarter valued at about $151,000. Finally, Krilogy Financial LLC acquired a new stake in shares of Anthem during the 2nd quarter valued at about $160,000. Hedge funds and other institutional investors own 89.99% of the company’s stock.
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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