Anthem Inc (NYSE:ANTM) – Equities research analysts at Cantor Fitzgerald issued their FY2019 earnings estimates for Anthem in a report released on Thursday, according to Zacks Investment Research. Cantor Fitzgerald analyst S. Halper expects that the company will post earnings per share of $16.15 for the year. Cantor Fitzgerald has a “Buy” rating and a $275.00 price target on the stock.
Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $22.45 billion for the quarter, compared to analysts’ expectations of $22.17 billion. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $1.76 earnings per share.
Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reiterated a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. ValuEngine upgraded Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. B. Riley reiterated a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Bank of America raised their target price on Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $253.00 price objective on the stock in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Anthem has a consensus rating of “Buy” and an average price target of $230.80.
Anthem (NYSE ANTM) traded up $1.72 during mid-day trading on Monday, reaching $235.17. The company’s stock had a trading volume of 992,645 shares, compared to its average volume of 1,753,041. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.51. The company has a market capitalization of $60,340.00, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83. Anthem has a 12 month low of $158.66 and a 12 month high of $267.95.
A number of large investors have recently added to or reduced their stakes in the stock. Stone Ridge Asset Management LLC purchased a new position in Anthem in the 4th quarter worth about $3,749,000. Viking Global Investors LP increased its stake in Anthem by 190.5% in the 4th quarter. Viking Global Investors LP now owns 2,537,576 shares of the company’s stock worth $570,980,000 after purchasing an additional 1,664,112 shares in the last quarter. Vulcan Value Partners LLC increased its stake in Anthem by 52.1% in the 4th quarter. Vulcan Value Partners LLC now owns 1,327,283 shares of the company’s stock worth $298,652,000 after purchasing an additional 454,892 shares in the last quarter. Kemnay Advisory Services Inc. increased its stake in Anthem by 32.3% in the 4th quarter. Kemnay Advisory Services Inc. now owns 5,723 shares of the company’s stock worth $1,288,000 after purchasing an additional 1,396 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in Anthem by 22.8% in the 4th quarter. Brandywine Global Investment Management LLC now owns 273,611 shares of the company’s stock worth $61,566,000 after purchasing an additional 50,770 shares in the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the transaction, the executive vice president now directly owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph Swedish sold 64,403 shares of Anthem stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $244.37, for a total value of $15,738,161.11. Following the transaction, the insider now directly owns 84,346 shares in the company, valued at $20,611,632.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,457 shares of company stock worth $39,862,398. 0.36% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.75 per share. This is a boost from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s payout ratio is currently 19.50%.
Anthem declared that its Board of Directors has authorized a share buyback program on Thursday, December 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
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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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