Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Anthem from a buy rating to a hold rating in a report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a hold rating and set a $204.00 price target on shares of Anthem in a research report on Sunday, August 20th. Deutsche Bank AG raised their price target on Anthem from $173.00 to $185.00 and gave the stock a hold rating in a research report on Thursday, July 13th. BidaskClub lowered Anthem from a strong-buy rating to a buy rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation raised their price target on Anthem from $224.00 to $228.00 and gave the stock a buy rating in a research report on Friday, July 14th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Anthem has a consensus rating of Buy and a consensus price target of $199.31.
Shares of Anthem (NYSE:ANTM) opened at $219.59 on Tuesday. The company has a market capitalization of $56,700.00, a price-to-earnings ratio of 17.72, a PEG ratio of 1.73 and a beta of 0.77. Anthem has a 1-year low of $135.00 and a 1-year high of $222.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the business earned $2.45 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. research analysts expect that Anthem will post 11.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s dividend payout ratio is presently 25.32%.
In other news, Director Julie A. Hill sold 1,602 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total value of $345,551.40. Following the completion of the sale, the director now owns 35,322 shares in the company, valued at approximately $7,618,955.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ronald W. Penczek sold 978 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total transaction of $212,636.76. Following the completion of the transaction, the senior vice president now owns 1,222 shares of the company’s stock, valued at approximately $265,687.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,955 shares of company stock worth $13,179,953. Insiders own 0.36% of the company’s stock.
A number of large investors have recently bought and sold shares of ANTM. Janus Henderson Group PLC increased its holdings in Anthem by 2,835.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,161,736 shares of the company’s stock valued at $218,554,000 after acquiring an additional 1,122,159 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Anthem by 177.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock valued at $238,783,000 after acquiring an additional 811,537 shares in the last quarter. Tesco Pension Investment Ltd acquired a new stake in shares of Anthem during the 2nd quarter worth about $139,985,000. UBS Asset Management Americas Inc. boosted its stake in shares of Anthem by 80.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,583,761 shares of the company’s stock worth $297,953,000 after purchasing an additional 706,775 shares during the last quarter. Finally, BlueMountain Capital Management LLC boosted its stake in shares of Anthem by 12,287.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 596,715 shares of the company’s stock worth $112,260,000 after purchasing an additional 591,898 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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