Anthem Inc. (ANTM) Receives Consensus Rating of “Hold” from Analysts
Shares of Anthem Inc. (NYSE:ANTM) have been given a consensus rating of “Hold” by the nineteen ratings firms that are presently covering the stock. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $158.99.
A number of equities research analysts recently weighed in on ANTM shares. Zacks Investment Research raised shares of Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Jefferies Group cut shares of Anthem from a “buy” rating to a “hold” rating and reduced their price target for the company from $156.00 to $138.00 in a research report on Tuesday, September 13th. Barclays PLC reduced their target price on shares of Anthem from $158.00 to $151.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. JPMorgan Chase & Co. cut shares of Anthem from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $154.00 to $132.00 in a report on Monday. Finally, Leerink Swann reaffirmed a “buy” rating and issued a $155.00 target price on shares of Anthem in a report on Monday, September 26th.
Shares of Anthem (NYSE:ANTM) opened at 123.15 on Friday. The stock’s 50 day moving average price is $124.47 and its 200-day moving average price is $131.95. Anthem has a 52-week low of $115.63 and a 52-week high of $149.38. The firm has a market capitalization of $32.41 billion, a PE ratio of 14.24 and a beta of 0.53.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.10. Anthem had a net margin of 2.83% and a return on equity of 12.16%. The firm earned $21.27 billion during the quarter, compared to analysts’ expectations of $20.53 billion. During the same period in the previous year, the company earned $3.10 earnings per share. Anthem’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Anthem will post $10.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.60 annualized dividend and a yield of 2.11%. Anthem’s payout ratio is currently 30.06%.
In other news, EVP Gloria M. Mccarthy sold 4,186 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $130.39, for a total value of $545,812.54. Following the sale, the executive vice president now directly owns 49,426 shares in the company, valued at $6,444,656.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Ryan sold 3,125 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $133.15, for a total transaction of $416,093.75. Following the completion of the sale, the director now owns 27,149 shares in the company, valued at $3,614,889.35. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ANTM. Financial Architects Inc raised its stake in Anthem by 2.7% in the second quarter. Financial Architects Inc now owns 839 shares of the company’s stock valued at $111,000 after buying an additional 22 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in Anthem by 21.4% in the second quarter. Integrated Investment Consultants LLC now owns 850 shares of the company’s stock valued at $112,000 after buying an additional 150 shares in the last quarter. Global X Management Co. LLC raised its stake in Anthem by 50.6% in the second quarter. Global X Management Co. LLC now owns 920 shares of the company’s stock valued at $121,000 after buying an additional 309 shares in the last quarter. Invictus RG raised its stake in Anthem by 338.5% in the second quarter. Invictus RG now owns 1,013 shares of the company’s stock valued at $133,000 after buying an additional 782 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Anthem by 236.9% in the second quarter. Assetmark Inc. now owns 1,095 shares of the company’s stock valued at $144,000 after buying an additional 770 shares in the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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