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.
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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.
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