Anthem, Inc. (NYSE:ANTM) Receives Average Rating of “Hold” from Brokerages
Anthem, Inc. (NYSE:ANTM) has been given an average recommendation of “Hold” by the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $180.00.
ANTM has been the topic of several recent analyst reports. Deutsche Bank AG lifted their price target on Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Sanford C. Bernstein boosted their price objective on Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Cantor Fitzgerald upgraded Anthem from a “hold” rating to an “overweight” rating and boosted their price objective for the company from $165.00 to $210.00 in a research report on Thursday, April 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a $205.00 price target on shares of Anthem in a research note on Wednesday, June 28th. Finally, Credit Suisse Group began coverage on Anthem in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 price target on the stock.
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Anthem (ANTM) opened at 190.61 on Monday. The stock has a market capitalization of $50.05 billion, a P/E ratio of 18.02 and a beta of 0.73. Anthem has a 1-year low of $114.85 and a 1-year high of $194.94. The stock has a 50 day moving average of $189.81 and a 200 day moving average of $174.20.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $3.33 EPS. On average, analysts expect that Anthem will post $11.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, September 7th. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio (DPR) is 24.62%.
In other news, Director Ramiro G. Peru sold 2,681 shares of Anthem stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total value of $486,815.98. Following the transaction, the director now owns 13,571 shares in the company, valued at approximately $2,464,222.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ronald W. Penczek sold 867 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total value of $162,527.82. Following the sale, the senior vice president now directly owns 1,872 shares in the company, valued at approximately $350,925.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,103 shares of company stock worth $749,555. Corporate insiders own 0.36% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. increased its stake in Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after buying an additional 67 shares during the period. Westside Investment Management Inc. increased its position in shares of Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares during the last quarter. Focused Wealth Management Inc bought a new position in shares of Anthem during the first quarter valued at approximately $149,000. Cedar Wealth Management LLC increased its position in shares of Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after buying an additional 15 shares during the last quarter. Finally, Guardian Life Insurance Co. of America increased its position in shares of Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after buying an additional 7 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.
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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