Wolfe Research upgraded shares of Anthem Inc. (NYSE:ANTM) from a market perform rating to an outperform rating in a research report report published on Tuesday.

ANTM has been the topic of a number of other research reports. Zacks Investment Research raised Anthem from a sell rating to a hold rating in a research report on Tuesday, August 30th. Jefferies Group downgraded Anthem from a buy rating to a hold rating and lowered their target price for the company from $156.00 to $138.00 in a research report on Tuesday, September 13th. Barclays PLC lowered their target price on Anthem from $158.00 to $151.00 and set an equal weight rating on the stock in a research report on Thursday, July 28th. JPMorgan Chase & Co. downgraded Anthem from an overweight rating to a neutral rating and lowered their target price for the company from $154.00 to $132.00 in a research report on Monday, October 17th. Finally, Leerink Swann reaffirmed a buy rating and issued a $155.00 target price on shares of Anthem in a research report on Monday, September 26th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Anthem presently has an average rating of Buy and an average target price of $158.05.

Analyst Recommendations for Anthem (NYSE:ANTM)

Shares of Anthem (NYSE:ANTM) opened at 141.31 on Tuesday. The company has a market cap of $37.23 billion, a P/E ratio of 16.59 and a beta of 0.57. Anthem has a 52 week low of $114.85 and a 52 week high of $148.00. The company’s 50-day moving average price is $126.25 and its 200 day moving average price is $129.26.

Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by $0.02. The firm earned $21.13 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $2.73 earnings per share. On average, equities analysts forecast that Anthem will post $10.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Monday, December 5th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $2.60 dividend on an annualized basis and a yield of 1.84%. Anthem’s payout ratio is currently 30.52%.

In other Anthem news, insider Joseph Swedish sold 24,513 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $131.48, for a total transaction of $3,222,969.24. Following the completion of the sale, the insider now directly owns 87,381 shares in the company, valued at approximately $11,488,853.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ronald W. Penczek sold 820 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $138.29, for a total value of $113,397.80. Following the sale, the senior vice president now owns 1,320 shares of the company’s stock, valued at $182,542.80. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc boosted its position in Anthem by 51.2% in the third quarter. NEXT Financial Group Inc now owns 803 shares of the company’s stock worth $101,000 after buying an additional 272 shares during the period. Financial Architects Inc boosted its position in 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 boosted its position in 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 boosted its position in 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. boosted its position in 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. 89.13% of the stock is currently owned by institutional investors.

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About Anthem

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.

5 Day Chart for NYSE:ANTM

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