Credit Suisse Group started coverage on shares of Anthem, Inc. (NYSE:ANTM) in a research report report published on Thursday, November 2nd. The firm issued an outperform rating and a $234.00 target price on the stock.
Several other brokerages have also recently issued reports on ANTM. BidaskClub upgraded shares of Anthem from a hold rating to a buy rating in a report on Thursday, October 26th. Morgan Stanley raised their target price on shares of Anthem from $201.00 to $215.00 and gave the stock an equal weight rating in a report on Thursday, October 26th. Jefferies Group LLC reiterated a hold rating and issued a $226.00 price target on shares of Anthem in a report on Thursday, October 26th. Zacks Investment Research cut shares of Anthem from a buy rating to a hold rating in a report on Tuesday, September 5th. Finally, Cantor Fitzgerald reiterated a buy rating and issued a $220.00 price target on shares of Anthem in a report on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $197.69.
Shares of Anthem (ANTM) traded down $0.01 during trading on Thursday, hitting $218.45. 1,316,100 shares of the stock traded hands, compared to its average volume of 1,592,542. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51. Anthem has a 1 year low of $135.00 and a 1 year high of $220.75. The company has a market capitalization of $56,091.90, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm 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 business’s revenue was up 4.6% on a year-over-year basis. analysts forecast that Anthem will post 11.97 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.28%. The ex-dividend date 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 Anthem stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $215.70, for a total value of $345,551.40. Following the completion of the transaction, the director now owns 35,322 shares of the company’s stock, valued at approximately $7,618,955.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $190.63, for a total value of $4,027,058.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,955 shares of company stock valued at $13,179,953. 0.36% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in Anthem by 177.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,269,249 shares of the company’s stock worth $238,783,000 after buying an additional 811,537 shares during the last quarter. Swiss National Bank grew its stake in shares of Anthem by 3.3% during the 2nd quarter. Swiss National Bank now owns 1,026,741 shares of the company’s stock valued at $193,161,000 after acquiring an additional 32,900 shares during the period. Deschutes Portfolio Strategy LLC bought a new position in shares of Anthem during the 2nd quarter valued at approximately $273,000. WBI Investments Inc. grew its stake in shares of Anthem by 637.6% during the 2nd quarter. WBI Investments Inc. now owns 56,233 shares of the company’s stock valued at $10,579,000 after acquiring an additional 48,609 shares during the period. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Anthem by 1.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock valued at $8,850,000 after acquiring an additional 873 shares during the period. 88.91% of the stock is owned by institutional investors and hedge funds.
Anthem Company Profile
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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