Anthem Inc (ANTM) Receives $313.39 Average Price Target from Analysts
Shares of Anthem Inc (NYSE:ANTM) have received a consensus rating of “Buy” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $313.39.
Several equities analysts have commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $330.00 price target (up previously from $305.00) on shares of Anthem in a report on Monday, December 3rd. Jefferies Financial Group upped their price target on Anthem from $323.00 to $345.00 and gave the company a “buy” rating in a report on Monday, December 3rd. Barclays reaffirmed an “overweight” rating and issued a $300.00 price target (up previously from $270.00) on shares of Anthem in a report on Thursday, November 1st. Citigroup increased their target price on Anthem from $290.00 to $292.00 and gave the stock a “neutral” rating in a report on Tuesday, November 6th. Finally, Cowen initiated coverage on Anthem in a report on Monday, September 17th. They issued an “outperform” rating and a $318.00 target price for the company.
Anthem stock opened at $256.64 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $65.01 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.09 and a beta of 0.91. Anthem has a 12 month low of $215.52 and a 12 month high of $300.57.
The business also recently announced a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th were issued a $0.75 dividend. The ex-dividend date was Tuesday, December 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. Anthem’s payout ratio is presently 24.92%.
In related news, EVP Peter D. Haytaian sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $256.31, for a total transaction of $768,930.00. Following the sale, the executive vice president now directly owns 42,206 shares in the company, valued at approximately $10,817,819.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas C. Zielinski sold 7,826 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $289.71, for a total value of $2,267,270.46. Following the sale, the executive vice president now owns 29,466 shares in the company, valued at $8,536,594.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,326 shares of company stock valued at $5,369,550. 0.31% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Anthem by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 18,729,474 shares of the company’s stock valued at $5,132,811,000 after purchasing an additional 532,579 shares during the period. Vanguard Group Inc lifted its stake in shares of Anthem by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 18,729,474 shares of the company’s stock valued at $5,132,811,000 after purchasing an additional 532,579 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Anthem by 0.3% in the 3rd quarter. Alliancebernstein L.P. now owns 2,958,593 shares of the company’s stock valued at $810,802,000 after purchasing an additional 7,671 shares during the period. OppenheimerFunds Inc. raised its stake in Anthem by 5.2% during the 3rd quarter. OppenheimerFunds Inc. now owns 2,537,684 shares of the company’s stock worth $695,452,000 after buying an additional 125,203 shares during the period. Finally, Lyrical Asset Management LP raised its stake in Anthem by 1.9% during the 3rd quarter. Lyrical Asset Management LP now owns 1,875,767 shares of the company’s stock worth $514,054,000 after buying an additional 35,731 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.
Anthem Company Profile
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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