Anthem, Inc. (ANTM) Price Target Raised to $201.00 at Morgan Stanley

Anthem, Inc. (NYSE:ANTM) had its price objective boosted by Morgan Stanley from $196.00 to $201.00 in a research note published on Thursday. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. Citigroup Inc. reiterated a buy rating and set a $205.00 target price on shares of Anthem in a research report on Wednesday, June 28th. Cantor Fitzgerald reiterated a buy rating and set a $136.00 target price on shares of Anthem in a research report on Thursday, May 11th. Bank of America Corporation lifted their target price on shares of Anthem from $224.00 to $228.00 and gave the company a buy rating in a research report on Friday, July 14th. BidaskClub lowered shares of Anthem from a strong-buy rating to a buy rating in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC reiterated a hold rating and set a $204.00 target price on shares of Anthem in a research report on Friday, July 14th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $181.76.

Anthem (ANTM) traded down 0.05% during trading on Thursday, reaching $191.87. 678,591 shares of the company were exchanged. Anthem has a one year low of $114.85 and a one year high of $194.94. The company has a market capitalization of $50.38 billion, a P/E ratio of 18.14 and a beta of 0.73. The firm’s 50-day moving average is $190.28 and its 200 day moving average is $177.20.

Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. During the same period in the previous year, the business posted $3.33 earnings per share. Anthem’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts anticipate that Anthem will post $11.82 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.46%. This is a positive change from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s payout ratio is presently 24.62%.

In related news, Director Julie A. Hill sold 555 shares of Anthem stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the transaction, the director now directly owns 37,448 shares of the company’s stock, valued at $6,761,610.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ramiro G. Peru sold 2,681 shares of Anthem stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total transaction of $486,815.98. Following the completion of the transaction, the director now directly owns 13,571 shares in the company, valued at $2,464,222.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,754 shares of company stock worth $2,595,073. 0.36% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Endurant Capital Management LP increased its position in shares of Anthem by 99.6% in the first quarter. Endurant Capital Management LP now owns 56,098 shares of the company’s stock valued at $9,277,000 after buying an additional 27,998 shares during the last quarter. Union Bankshares Corp increased its position in shares of Anthem by 1.4% in the second quarter. Union Bankshares Corp now owns 3,619 shares of the company’s stock valued at $681,000 after buying an additional 49 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Anthem during the first quarter valued at approximately $35,580,000. Advantus Capital Management Inc increased its position in shares of Anthem by 1.1% in the first quarter. Advantus Capital Management Inc now owns 26,586 shares of the company’s stock valued at $4,397,000 after buying an additional 291 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Anthem by 4.2% in the first quarter. Vanguard Group Inc. now owns 17,325,680 shares of the company’s stock valued at $2,865,321,000 after buying an additional 700,705 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors.

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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