Brokerages Set Anthem Inc. (ANTM) PT at $157.84
Shares of Anthem Inc. (NYSE:ANTM) have received an average rating of “Buy” from the nineteen ratings firms that are currently covering the company. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $157.84.
Several analysts have weighed in on ANTM shares. JPMorgan Chase & Co. downgraded shares of Anthem from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $154.00 to $132.00 in a research note on Monday, October 17th. Zacks Investment Research raised shares of Anthem from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. 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. Leerink Swann reissued a “buy” rating and issued a $155.00 price target on shares of Anthem in a research note on Monday, September 26th. Finally, Jefferies Group downgraded shares of Anthem from a “buy” rating to a “hold” rating and lowered their price target for the stock from $156.00 to $138.00 in a research note on Tuesday, September 13th.
Anthem (NYSE:ANTM) opened at 135.35 on Friday. The company has a market cap of $35.66 billion, a PE ratio of 15.89 and a beta of 0.57. Anthem has a 52-week low of $114.85 and a 52-week high of $148.00. The stock’s 50 day moving average is $123.78 and its 200-day moving average is $129.58.
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 analysts’ consensus estimates of $2.47 by $0.02. Anthem had a return on equity of 11.64% and a net margin of 2.74%. The company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.77 billion. During the same period in the prior year, the firm posted $2.73 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Equities research analysts predict that Anthem will post $10.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be paid a $0.65 dividend. The ex-dividend date is Thursday, December 1st. This represents a $2.60 annualized dividend and a dividend yield of 1.92%. Anthem’s dividend payout ratio is presently 30.52%.
In other news, insider Joseph Swedish sold 24,513 shares of the company’s stock in a transaction that occurred 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 owns 87,381 shares in the company, valued at $11,488,853.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.37% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. NEXT Financial Group Inc increased its position in shares of Anthem by 51.2% in the third quarter. NEXT Financial Group Inc now owns 803 shares of the company’s stock valued at $101,000 after buying an additional 272 shares in the last quarter. Financial Architects Inc increased its position in shares of Anthem by 2.7% in the second quarter. Financial Architects Inc now owns 839 shares of the company’s stock worth $111,000 after buying an additional 22 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Anthem by 21.4% in the second quarter. Integrated Investment Consultants LLC now owns 850 shares of the company’s stock worth $112,000 after buying an additional 150 shares during the period. Global X Management Co. LLC increased its position in shares of Anthem by 50.6% in the second quarter. Global X Management Co. LLC now owns 920 shares of the company’s stock worth $121,000 after buying an additional 309 shares during the period. Finally, New York Life Trust Co. increased its position in shares of Anthem by 2.0% in the third quarter. New York Life Trust Co. now owns 975 shares of the company’s stock worth $122,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 89.13% of the company’s stock.
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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