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

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Anthem Inc (NYSE:ANTM) has been given an average rating of “Buy” by the sixteen research firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $325.77.

Several research firms recently issued reports on ANTM. Credit Suisse Group cut their price objective on shares of Anthem from $380.00 to $355.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Morgan Stanley cut their price objective on shares of Anthem from $382.00 to $374.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Evercore ISI upgraded shares of Anthem from an “in-line” rating to an “outperform” rating in a research report on Friday, January 3rd. Deutsche Bank cut their price objective on shares of Anthem from $319.00 to $314.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, ValuEngine upgraded shares of Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th.

In related news, CEO Gail Boudreaux purchased 7,600 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was acquired at an average cost of $266.65 per share, for a total transaction of $2,026,540.00. Following the completion of the transaction, the chief executive officer now directly owns 24,556 shares in the company, valued at $6,547,857.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Peter D. Haytaian sold 12,095 shares of Anthem stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $300.00, for a total transaction of $3,628,500.00. Following the sale, the executive vice president now owns 41,377 shares of the company’s stock, valued at $12,413,100. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ANTM. Sonora Investment Management LLC purchased a new position in Anthem in the fourth quarter worth approximately $30,000. Mizuho Securities Co. Ltd. purchased a new position in Anthem in the fourth quarter worth approximately $30,000. CFM Wealth Partners LLC purchased a new position in Anthem in the fourth quarter worth approximately $31,000. Princeton Global Asset Management LLC purchased a new position in Anthem in the fourth quarter worth approximately $41,000. Finally, Horan Capital Advisors LLC. purchased a new position in Anthem in the third quarter worth approximately $43,000. 88.27% of the stock is owned by institutional investors and hedge funds.

Anthem stock opened at $297.82 on Friday. Anthem has a 12-month low of $227.16 and a 12-month high of $317.99. The stock has a market cap of $75.78 billion, a P/E ratio of 16.15, a PEG ratio of 0.94 and a beta of 0.84. The company has a 50-day moving average price of $293.75 and a 200 day moving average price of $276.50. The company has a current ratio of 1.65, a quick ratio of 1.70 and a debt-to-equity ratio of 0.56.

Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, January 29th. The company reported $3.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.02). Anthem had a return on equity of 16.34% and a net margin of 4.61%. The firm had revenue of $27.13 billion for the quarter, compared to analyst estimates of $27.06 billion. During the same quarter in the previous year, the business posted $2.44 earnings per share. Anthem’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, analysts forecast that Anthem will post 22.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Anthem’s previous quarterly dividend of $0.80. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.28%. Anthem’s dividend payout ratio (DPR) is currently 16.46%.

About Anthem

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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