Anthem (NYSE:ANTM) Posts Earnings Results, Beats Estimates By $0.69 EPS

Anthem (NYSE:ANTM) released its quarterly earnings results on Tuesday. The company reported $7.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.34 by $0.69, MarketWatch Earnings reports. Anthem had a return on equity of 17.10% and a net margin of 3.78%. The firm had revenue of $33.28 billion for the quarter, compared to analyst estimates of $33.22 billion. During the same quarter last year, the company posted $9.20 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis.

ANTM traded down $0.82 during trading on Thursday, hitting $382.77. The company’s stock had a trading volume of 16,204 shares, compared to its average volume of 1,140,072. The business has a 50 day simple moving average of $388.46. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $93.72 billion, a PE ratio of 20.53, a PEG ratio of 1.21 and a beta of 1.04. Anthem has a twelve month low of $244.10 and a twelve month high of $406.00.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 10th will be issued a $1.13 dividend. The ex-dividend date is Thursday, September 9th. This represents a $4.52 annualized dividend and a yield of 1.18%. Anthem’s dividend payout ratio (DPR) is presently 20.11%.

In other news, CFO John E. Gallina sold 46,444 shares of the company’s stock in a transaction on Monday, May 24th. The stock was sold at an average price of $394.89, for a total transaction of $18,340,271.16. Following the completion of the sale, the chief financial officer now directly owns 60,095 shares in the company, valued at approximately $23,730,914.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julie A. Hill sold 1,308 shares of the company’s stock in a transaction on Thursday, May 20th. The stock was sold at an average price of $394.00, for a total value of $515,352.00. Following the sale, the director now owns 31,213 shares of the company’s stock, valued at $12,297,922. The disclosure for this sale can be found here. Insiders sold a total of 49,060 shares of company stock valued at $19,376,233 over the last quarter. 0.28% of the stock is currently owned by insiders.

A number of brokerages have weighed in on ANTM. Argus lifted their price objective on Anthem from $330.00 to $435.00 and gave the company a “buy” rating in a report on Thursday, May 6th. Truist lifted their price objective on Anthem from $425.00 to $450.00 in a report on Thursday, April 22nd. BMO Capital Markets lifted their price objective on Anthem from $450.00 to $465.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group lifted their price objective on Anthem from $447.00 to $453.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company began coverage on Anthem in a report on Monday, May 24th. They issued an “overweight” rating and a $460.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $415.67.

About Anthem

Anthem, Inc provides life, hospital and medical insurance plans. It offers a broad spectrum of network-based managed care health benefit plans to the large and small employer, individual, Medicaid, and Medicare markets. The company operates through the following segments: Commercial & Specialty Business, Government Business, IngenioRx and Other.

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Earnings History for Anthem (NYSE:ANTM)

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