Anthem’s (NYSE:ANTM) Hold Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of Anthem, Inc. (NYSE:ANTM) in a research note released on Friday, July 14th. They currently have a $204.00 price objective on the stock.

Several other research firms have also commented on ANTM. UBS AG reaffirmed a buy rating and set a $189.00 target price on shares of Anthem in a report on Thursday, March 16th. Deutsche Bank AG began coverage on Anthem in a report on Wednesday, April 5th. They set a hold rating and a $166.00 target price on the stock. Cantor Fitzgerald reissued a hold rating and issued a $165.00 price objective on shares of Anthem in a report on Monday, April 24th. Royal Bank Of Canada reissued an outperform rating and issued a $183.00 price objective (up from $179.00) on shares of Anthem in a report on Thursday, April 27th. Finally, Sanford C. Bernstein raised their price objective on Anthem from $202.00 to $212.00 and gave the company an outperform rating in a report on Friday, April 28th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $180.00.

Shares of Anthem (NYSE ANTM) opened at 189.43 on Friday. The firm’s 50-day moving average is $189.83 and its 200-day moving average is $176.05. Anthem has a 52 week low of $114.85 and a 52 week high of $194.94. The company has a market cap of $49.74 billion, a price-to-earnings ratio of 17.91 and a beta of 0.73.

Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The business 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 company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.33 earnings per share. Equities research analysts predict that Anthem will post $11.82 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This story was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/08/12/anthem-inc-nyseantm-receives-hold-rating-from-jefferies-group-llc-updated-updated-updated.html.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a yield of 1.48%. This is an increase from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is currently 24.62%.

In other news, EVP Thomas C. Zielinski sold 9,127 shares of Anthem stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the sale, the executive vice president now directly owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Julie A. Hill sold 524 shares of Anthem stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now directly owns 36,924 shares of the company’s stock, valued at $7,045,099.20. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock worth $2,595,073 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted 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 valued at $3,750,316,000 after buying an additional 21,914,321 shares during the last quarter. Dodge & Cox bought a new position in Anthem during the fourth quarter valued at approximately $432,031,000. Boston Partners boosted its position in Anthem by 112.6% in the first quarter. Boston Partners now owns 3,895,863 shares of the company’s stock valued at $644,298,000 after buying an additional 2,063,562 shares during the last quarter. Wellington Management Group LLP boosted 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 valued at $734,810,000 after buying an additional 1,548,077 shares during the last quarter. Finally, OZ Management LP bought a new position in Anthem during the first quarter valued at approximately $192,493,000. 89.81% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Anthem (NYSE:ANTM)

What are top analysts saying about Anthem Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Anthem Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit