Anthem, Inc. (ANTM) Lifted to “Buy” at BidaskClub
BidaskClub upgraded shares of Anthem, Inc. (NYSE:ANTM) from a hold rating to a buy rating in a report published on Wednesday.
A number of other equities analysts have also weighed in on the company. Citigroup Inc. reissued a buy rating and set a $205.00 price objective on shares of Anthem in a research note on Wednesday, June 28th. Credit Suisse Group initiated coverage on Anthem in a research note on Wednesday, July 12th. They set a neutral rating and a $195.00 price objective on the stock. Bank of America Corporation boosted their price objective on Anthem from $224.00 to $228.00 and gave the stock a buy rating in a research note on Friday, July 14th. Zacks Investment Research lowered Anthem from a buy rating to a hold rating in a research note on Tuesday. Finally, Cantor Fitzgerald reissued a buy rating and set a $136.00 price objective on shares of Anthem in a research note on Thursday, May 11th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $183.94.
Shares of Anthem (ANTM) opened at 193.85 on Wednesday. The company has a 50-day moving average price of $191.60 and a 200-day moving average price of $180.85. Anthem has a 12 month low of $114.85 and a 12 month high of $198.98. The company has a market capitalization of $50.90 billion, a P/E ratio of 18.33 and a beta of 0.70.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.14. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.33 earnings per share. On average, analysts forecast that Anthem will post $11.83 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is currently 26.52%.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the sale, the insider now owns 87,668 shares in the company, valued at approximately $17,270,596. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Julie A. Hill sold 524 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $190.80, for a total value of $99,979.20. Following the sale, the director now owns 36,924 shares in the company, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. Insiders sold a total of 30,776 shares of company stock worth $6,007,143 in the last quarter. Company insiders own 0.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Anthem by 2,873.5% during the 1st quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after purchasing an additional 21,914,321 shares during the period. Vanguard Group Inc. increased its holdings in Anthem by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after purchasing an additional 479,046 shares during the period. FMR LLC increased its holdings in Anthem by 8.2% during the 1st quarter. FMR LLC now owns 12,335,115 shares of the company’s stock worth $2,039,982,000 after purchasing an additional 934,509 shares during the period. State Street Corp increased its holdings in Anthem by 3.0% during the 1st quarter. State Street Corp now owns 11,362,446 shares of the company’s stock worth $1,879,127,000 after purchasing an additional 328,727 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Anthem by 53.5% during the 1st quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock worth $734,810,000 after purchasing an additional 1,548,077 shares during the period. Institutional investors own 87.69% of the company’s stock.
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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