Anthem, Inc. (NYSE:ANTM) Receives Hold Rating from Jefferies Group LLC

Jefferies Group LLC reissued their hold rating on shares of Anthem, Inc. (NYSE:ANTM) in a report released on Friday. Jefferies Group LLC currently has a $204.00 price target on the stock.

A number of other analysts have also recently weighed in on the company. Deutsche Bank AG raised their price objective 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 raised their price objective on Anthem from $202.00 to $212.00 and gave the stock an outperform rating in a research report on Friday, April 28th. Cantor Fitzgerald raised Anthem from a hold rating to an overweight rating and raised their price objective for the stock from $165.00 to $210.00 in a research report on Thursday, April 27th. Citigroup Inc. reissued a buy rating and issued a $205.00 price objective on shares of Anthem in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada reissued an outperform rating and issued a $183.00 price objective (up previously from $179.00) on shares of Anthem in a research report on Thursday, April 27th. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Anthem presently has a consensus rating of Hold and an average target price of $174.26.

Shares of Anthem (ANTM) traded down 0.24% during trading on Friday, hitting $192.09. The company had a trading volume of 942,275 shares. Anthem has a 52 week low of $114.85 and a 52 week high of $194.94. The firm’s 50 day moving average is $185.31 and its 200-day moving average is $166.86. The stock has a market capitalization of $50.90 billion, a P/E ratio of 18.61 and a beta of 0.73.

Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $4.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.85 by $0.83. The firm had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $21.23 billion. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.46 EPS. Equities research analysts anticipate that Anthem will post $11.78 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were paid a dividend of $0.65 per share. The ex-dividend date was Wednesday, June 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.35%. Anthem’s payout ratio is currently 25.22%.

In other Anthem news, SVP Ronald W. Penczek sold 867 shares of Anthem stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total transaction of $162,527.82. Following the completion of the transaction, the senior vice president now owns 1,872 shares in the company, valued at approximately $350,925.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ramiro G. Peru sold 2,681 shares of Anthem stock in a transaction dated Tuesday, May 30th. The shares were 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 of the company’s stock, valued at approximately $2,464,222.18. The disclosure for this sale can be found here. Insiders have sold a total of 4,103 shares of company stock valued at $749,555 in the last quarter. Company insiders own 0.36% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ANTM. BlackRock Inc. raised its position in Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after buying an additional 21,914,321 shares during the last quarter. Vanguard Group Inc. raised its position in Anthem by 4.2% in the first quarter. Vanguard Group Inc. now owns 17,325,680 shares of the company’s stock worth $2,865,321,000 after buying an additional 700,705 shares during the last quarter. FMR LLC raised its position in Anthem by 8.2% in the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock worth $2,039,982,000 after buying an additional 934,509 shares during the last quarter. State Street Corp raised its position in Anthem by 3.0% in the first quarter. State Street Corp now owns 11,362,446 shares of the company’s stock worth $1,879,127,000 after buying an additional 328,727 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Anthem by 53.5% in the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock worth $734,810,000 after buying an additional 1,548,077 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

About Anthem

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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