Anthem Inc (NYSE:ANTM) – Stock analysts at Piper Jaffray Companies raised their Q2 2019 EPS estimates for Anthem in a research note issued on Wednesday, October 31st. Piper Jaffray Companies analyst S. James now forecasts that the company will earn $4.83 per share for the quarter, up from their prior forecast of $4.78.
Several other equities research analysts have also commented on the stock. Citigroup lowered shares of Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price objective on the stock. in a research note on Monday, September 10th. Morgan Stanley upgraded shares of Anthem from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $273.00 to $368.00 in a research note on Wednesday, September 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $316.00 target price on shares of Anthem in a research note on Friday, October 12th. Credit Suisse Group upped their target price on shares of Anthem from $284.00 to $311.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 4th. Finally, Cowen initiated coverage on shares of Anthem in a research note on Monday, September 17th. They issued an “outperform” rating and a $318.00 target price on the stock. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $284.06.
NYSE:ANTM traded up $3.03 during mid-day trading on Friday, hitting $268.96. 24,868 shares of the company’s stock were exchanged, compared to its average volume of 1,348,781. Anthem has a one year low of $208.40 and a one year high of $283.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $69.02 billion, a P/E ratio of 22.38, a PEG ratio of 1.45 and a beta of 0.92.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $3.81 EPS for the quarter, topping the consensus estimate of $3.70 by $0.11. Anthem had a net margin of 4.79% and a return on equity of 13.28%. The business had revenue of $22.98 billion for the quarter, compared to analyst estimates of $22.85 billion. During the same quarter in the previous year, the firm posted $2.65 earnings per share. Anthem’s quarterly revenue was up 4.0% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $3.00 annualized dividend and a dividend yield of 1.12%. Anthem’s dividend payout ratio is presently 24.92%.
In related news, CAO Ronald W. Penczek sold 763 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $265.56, for a total transaction of $202,622.28. Following the transaction, the chief accounting officer now owns 1,334 shares in the company, valued at $354,257.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Julie A. Hill sold 248 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $267.01, for a total transaction of $66,218.48. Following the transaction, the director now owns 34,827 shares in the company, valued at approximately $9,299,157.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,447 shares of company stock worth $4,143,846. Insiders own 0.31% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Anthem during the third quarter valued at approximately $108,000. Legacy Advisors LLC bought a new position in Anthem during the third quarter valued at approximately $113,000. JNBA Financial Advisors bought a new position in Anthem during the third quarter valued at approximately $134,000. Flagship Harbor Advisors LLC bought a new position in Anthem during the second quarter valued at approximately $120,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in Anthem during the third quarter valued at approximately $140,000. Institutional investors own 86.85% of the company’s stock.
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.
Recommended Story: What does EPS mean?
Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.