A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Anthem in a research note on Thursday, November 2nd. They set an outperform rating and a $234.00 target price on the stock. Jefferies Group LLC restated a hold rating and set a $226.00 target price on shares of Anthem in a research note on Thursday, October 26th. Morgan Stanley boosted their price target on shares of Anthem from $201.00 to $215.00 and gave the stock an equal weight rating in a research note on Thursday, October 26th. BidaskClub upgraded shares of Anthem from a hold rating to a buy rating in a research note on Thursday, October 26th. Finally, Cantor Fitzgerald reiterated a buy rating and issued a $220.00 price target on shares of Anthem in a research note on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $197.69.
Shares of Anthem (ANTM) opened at $218.27 on Tuesday. Anthem has a 1 year low of $131.38 and a 1 year high of $220.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $55,455.13, a price-to-earnings ratio of 17.33, a PEG ratio of 1.69 and a beta of 0.77.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the company earned $2.45 EPS. Anthem’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts forecast that Anthem will post 11.97 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 annualized dividend and a yield of 1.28%. Anthem’s payout ratio is 25.32%.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $190.63, for a total value of $4,027,058.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ronald W. Penczek sold 978 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was 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 in the company, valued at $265,687.24. The disclosure for this sale can be found here. Insiders sold a total of 65,955 shares of company stock worth $13,179,953 over the last 90 days. Insiders own 0.36% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Anthem by 20.2% during the third quarter. Wells Fargo & Company MN now owns 845,634 shares of the company’s stock valued at $160,569,000 after purchasing an additional 142,007 shares in the last quarter. Zeke Capital Advisors LLC boosted its stake in shares of Anthem by 126.3% during the third quarter. Zeke Capital Advisors LLC now owns 4,402 shares of the company’s stock valued at $836,000 after purchasing an additional 2,457 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Anthem by 2.3% during the third quarter. Amalgamated Bank now owns 30,423 shares of the company’s stock valued at $5,777,000 after purchasing an additional 686 shares in the last quarter. Twin Capital Management Inc. boosted its stake in shares of Anthem by 12.2% during the third quarter. Twin Capital Management Inc. now owns 64,060 shares of the company’s stock valued at $12,164,000 after purchasing an additional 6,990 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Anthem by 63.0% during the third quarter. Schroder Investment Management Group now owns 113,000 shares of the company’s stock valued at $21,445,000 after purchasing an additional 43,670 shares in the last quarter. Hedge funds and other institutional investors own 89.99% 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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