Anthem (NYSE:ANTM) had its target price lifted by SunTrust Banks to $315.00 in a research note published on Thursday morning, The Fly reports. SunTrust Banks currently has a hold rating on the stock. SunTrust Banks also issued estimates for Anthem’s Q4 2018 earnings at $2.18 EPS, FY2018 earnings at $15.65 EPS, Q1 2019 earnings at $5.98 EPS, Q2 2019 earnings at $4.92 EPS, Q3 2019 earnings at $4.27 EPS, Q4 2019 earnings at $2.42 EPS and FY2019 earnings at $17.60 EPS.
A number of other research analysts have also weighed in on ANTM. Cantor Fitzgerald restated a buy rating and set a $275.00 price objective on shares of Anthem in a research report on Wednesday, July 25th. Morgan Stanley raised their price objective on Anthem from $368.00 to $372.00 and gave the company an overweight rating in a research report on Thursday. Barclays restated an overweight rating and set a $300.00 price objective (up previously from $270.00) on shares of Anthem in a research report on Thursday. BMO Capital Markets raised their price objective on Anthem from $300.00 to $310.00 and gave the company a buy rating in a research report on Thursday. Finally, Jefferies Financial Group restated a buy rating and set a $296.00 price objective on shares of Anthem in a research report on Thursday, July 26th. 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 presently has a consensus rating of Buy and an average target price of $284.06.
Shares of Anthem stock opened at $268.00 on Thursday. The stock has a market cap of $69.32 billion, a PE ratio of 22.26, a PEG ratio of 1.38 and a beta of 0.86. The company has a quick ratio of 1.54, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. Anthem has a twelve month low of $209.25 and a twelve month high of $283.06.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $3.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.70 by $0.11. The firm had revenue of $22.98 billion during the quarter, compared to analyst estimates of $22.85 billion. Anthem had a return on equity of 13.99% and a net margin of 4.98%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.65 earnings per share. Analysts anticipate that Anthem will post 15.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, December 5th will be given a $0.75 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $3.00 annualized dividend and a yield of 1.12%. Anthem’s dividend payout ratio is currently 24.92%.
In related news, EVP Peter D. Haytaian sold 3,500 shares of Anthem stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $267.59, for a total value of $936,565.00. Following the completion of the transaction, the executive vice president now owns 48,206 shares in the company, valued at $12,899,443.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Ronald W. Penczek sold 763 shares of Anthem 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 completion of the transaction, the chief accounting officer now owns 1,334 shares of the company’s stock, valued at approximately $354,257.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,447 shares of company stock valued at $4,143,846. 0.31% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its stake in Anthem by 31.5% during the first quarter. Allianz Asset Management GmbH now owns 2,108,871 shares of the company’s stock worth $463,319,000 after buying an additional 505,252 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in Anthem by 271.2% during the first quarter. Summit Trail Advisors LLC now owns 4,209 shares of the company’s stock worth $246,000 after buying an additional 3,075 shares in the last quarter. DnB Asset Management AS boosted its stake in Anthem by 2.0% during the second quarter. DnB Asset Management AS now owns 102,450 shares of the company’s stock worth $24,386,000 after buying an additional 2,000 shares in the last quarter. XR Securities LLC acquired a new stake in Anthem during the second quarter worth $510,000. Finally, IFM Investors Pty Ltd boosted its stake in Anthem by 45.0% during the second quarter. IFM Investors Pty Ltd now owns 11,585 shares of the company’s stock worth $2,758,000 after buying an additional 3,594 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.
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.
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