Anthem Inc (NYSE:ANTM) Receives Consensus Rating of “Buy” from Analysts

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Anthem Inc (NYSE:ANTM) has earned a consensus rating of “Buy” from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $319.43.

A number of research analysts recently commented on ANTM shares. Mizuho started coverage on Anthem in a research report on Thursday, October 17th. They issued a “neutral” rating and a $262.00 price target on the stock. ValuEngine upgraded Anthem from a “sell” rating to a “hold” rating in a research report on Friday. Credit Suisse Group decreased their price target on Anthem from $345.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Morgan Stanley decreased their price target on Anthem from $371.00 to $356.00 and set an “overweight” rating on the stock in a research report on Thursday, September 26th. Finally, Deutsche Bank initiated coverage on Anthem in a research report on Thursday, September 12th. They issued a “buy” rating on the stock.

Shares of NYSE ANTM opened at $288.66 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 1.70. Anthem has a 52 week low of $227.16 and a 52 week high of $317.99. The stock has a market capitalization of $73.19 billion, a P/E ratio of 18.17, a PEG ratio of 1.06 and a beta of 0.76. The stock’s fifty day moving average is $271.85 and its 200 day moving average is $273.35.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $4.87 EPS for the quarter, topping the Zacks’ consensus estimate of $4.82 by $0.05. Anthem had a return on equity of 15.59% and a net margin of 4.29%. The company had revenue of $26.44 billion for the quarter, compared to analysts’ expectations of $25.88 billion. During the same quarter last year, the business earned $3.81 earnings per share. Anthem’s revenue was up 15.1% on a year-over-year basis. Equities research analysts forecast that Anthem will post 19.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.11%. Anthem’s dividend payout ratio is currently 20.14%.

In related news, CAO Ronald W. Penczek sold 816 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $287.00, for a total value of $234,192.00. Following the sale, the chief accounting officer now directly owns 2,295 shares in the company, valued at $658,665. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter D. Haytaian sold 12,095 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $300.00, for a total value of $3,628,500.00. Following the completion of the sale, the executive vice president now owns 41,377 shares in the company, valued at $12,413,100. The disclosure for this sale can be found here. Insiders sold 22,497 shares of company stock worth $6,446,790 over the last quarter. 0.17% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Squar Milner Financial Services LLC bought a new position in shares of Anthem during the second quarter valued at approximately $28,000. Next Capital Management LLC bought a new position in Anthem in the second quarter worth approximately $30,000. Motco bought a new position in Anthem in the second quarter worth approximately $31,000. Hartford Financial Management Inc. grew its stake in Anthem by 62.5% in the second quarter. Hartford Financial Management Inc. now owns 130 shares of the company’s stock worth $37,000 after purchasing an additional 50 shares in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new stake in Anthem during the third quarter worth $43,000. 88.29% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Anthem (NYSE:ANTM)

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