Anthem Inc. (ANTM) Upgraded at Wells Fargo & Co.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Anthem from a sell rating to a hold rating in a research note on Monday, November 7th. Leerink Swann raised their price target on shares of Anthem from $155.00 to $160.00 and gave the stock an outperform rating in a research note on Thursday, November 3rd. Cantor Fitzgerald set a $125.00 price target on shares of Anthem and gave the stock a hold rating in a research note on Wednesday, November 2nd. JPMorgan Chase & Co. downgraded shares of Anthem from an overweight rating to a neutral rating and decreased their price target for the stock from $154.00 to $132.00 in a research note on Monday, October 17th. Finally, Evercore ISI assumed coverage on shares of Anthem in a research note on Thursday, September 22nd. They issued a hold rating and a $133.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Anthem currently has an average rating of Buy and a consensus target price of $158.05.
Shares of Anthem (NYSE:ANTM) opened at 137.88 on Tuesday. The firm has a 50-day moving average of $124.82 and a 200 day moving average of $129.36. The stock has a market capitalization of $36.32 billion, a PE ratio of 16.18 and a beta of 0.57. Anthem has a 52-week low of $114.85 and a 52-week high of $148.00.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $2.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.47 by $0.02. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.77 billion. Anthem had a net margin of 2.74% and a return on equity of 11.64%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.73 earnings per share. Equities research analysts forecast that Anthem will post $10.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be issued a $0.65 dividend. The ex-dividend date is Thursday, December 1st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.89%. Anthem’s payout ratio is 30.52%.
In other news, insider Joseph Swedish sold 24,513 shares of Anthem stock in a transaction on Friday, November 11th. The shares were sold at an average price of $131.48, for a total value of $3,222,969.24. Following the transaction, the insider now directly owns 87,381 shares of the company’s stock, valued at approximately $11,488,853.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Anthem by 8.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 267,094 shares of the company’s stock valued at $33,468,000 after buying an additional 19,834 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Anthem by 21.0% in the third quarter. Ameritas Investment Partners Inc. now owns 6,291 shares of the company’s stock valued at $788,000 after buying an additional 1,093 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Anthem by 26.9% in the third quarter. Verition Fund Management LLC now owns 49,364 shares of the company’s stock valued at $6,186,000 after buying an additional 10,478 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Anthem by 131.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 93,155 shares of the company’s stock valued at $11,673,000 after buying an additional 52,920 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Anthem during the third quarter valued at about $482,000. 89.86% of the stock is currently owned by institutional investors.
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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