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

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

Shares of ANTM stock opened at $383.59 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average price is $388.46. The firm has a market capitalization of $93.92 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.21 and a beta of 1.04. Anthem has a 12 month low of $244.10 and a 12 month high of $406.00.

Several analysts have recently commented on the stock. Truist Securities lifted their price target on shares of Anthem from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, April 20th. BMO Capital Markets lifted their target price on shares of Anthem from $440.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday, April 22nd. Barclays lifted their target price on shares of Anthem from $375.00 to $425.00 and gave the company an “overweight” rating in a report on Thursday, April 22nd. Wells Fargo & Company assumed coverage on shares of Anthem in a report on Monday, May 24th. They issued an “overweight” rating and a $460.00 target price for the company. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of Anthem in a report on Friday, July 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $410.86.

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

Anthem Company Profile

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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