Anthem Inc (NYSE:ANTM)’s stock price traded up 5.5% during mid-day trading on Thursday . The stock traded as high as $304.08 and last traded at $303.88, 2,581,048 shares changed hands during mid-day trading. An increase of 42% from the average session volume of 1,811,612 shares. The stock had previously closed at $287.92.

Several analysts have issued reports on the stock. SunTrust Banks reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Shutterstock in a research report on Thursday, April 25th. Morgan Stanley lowered their price objective on shares of RPC from $12.00 to $9.50 and set an “underperform” rating for the company in a research report on Thursday, April 25th. Zacks Investment Research downgraded shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Citigroup reaffirmed a “buy” rating on shares of Healthequity in a research report on Friday, May 10th. Finally, Barclays increased their price objective on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $324.87.

The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $77.48 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.00 and a beta of 0.70. The company has a 50-day moving average of $282.70.

Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 24th. The company reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.86 by $0.17. Anthem had a net margin of 4.23% and a return on equity of 14.99%. The business had revenue of $24.39 billion during the quarter, compared to the consensus estimate of $24.31 billion. During the same quarter last year, the company earned $5.41 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts expect that Anthem Inc will post 19.29 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, June 7th. Anthem’s payout ratio is currently 20.14%.

In related news, Director Ramiro G. Peru sold 1,656 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $275.00, for a total transaction of $455,400.00. Following the transaction, the director now directly owns 11,173 shares in the company, valued at $3,072,575. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas C. Zielinski sold 8,826 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $283.92, for a total value of $2,505,877.92. Following the transaction, the executive vice president now owns 33,183 shares in the company, valued at $9,421,317.36. The disclosure for this sale can be found here. Insiders have sold 11,245 shares of company stock valued at $3,174,155 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Destination Wealth Management bought a new position in Anthem during the first quarter worth $31,000. Lee Financial Co bought a new position in Anthem during the first quarter worth $32,000. Liberty Wealth Management LLC bought a new position in Anthem during the first quarter worth $36,000. Cable Hill Partners LLC lifted its stake in Anthem by 77.5% during the first quarter. Cable Hill Partners LLC now owns 126 shares of the company’s stock worth $36,000 after purchasing an additional 55 shares during the last quarter. Finally, Semmax Financial Advisors Inc. bought a new position in Anthem during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 87.11% of the company’s stock.

Anthem Company Profile (NYSE:ANTM)

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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