Shares of Anthem, Inc. (NYSE:ANTM) hit a new 52-week high on Monday . The stock traded as high as $216.70 and last traded at $216.63, with a volume of 1180573 shares. The stock had previously closed at $211.80.
Several analysts recently commented on the stock. Bank of America Corporation upped their price target 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 downgraded shares of Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Anthem from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a research report on Thursday, August 24th. Cantor Fitzgerald reiterated a “buy” rating and issued a $215.00 price target on shares of Anthem in a research report on Thursday, September 14th. Finally, Cowen and Company reiterated a “buy” rating and issued a $160.00 price target on shares of Anthem in a research report on Thursday, September 21st. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $197.69.
The firm has a market capitalization of $54,381.88, a PE ratio of 17.00, a P/E/G ratio of 1.74 and a beta of 0.77. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.53.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the company posted $2.45 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts predict that Anthem, Inc. will post 11.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Tuesday, December 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.29%. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
In other news, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $209.85, for a total transaction of $4,433,081.25. Following the transaction, the insider now directly owns 87,668 shares of the company’s stock, valued at approximately $18,397,129.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the transaction, the executive vice president now directly owns 26,571 shares in the company, valued at $5,081,703.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,026 shares of company stock worth $14,467,283. Corporate insiders own 0.36% of the company’s stock.
Several large investors have recently bought and sold shares of ANTM. Captrust Financial Advisors acquired a new position in shares of Anthem during the 2nd quarter worth $128,000. Salem Investment Counselors Inc. grew its stake in shares of Anthem by 1.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after purchasing an additional 10 shares during the period. Harding Loevner LP acquired a new position in shares of Anthem during the 2nd quarter worth $151,000. Krilogy Financial LLC acquired a new position in shares of Anthem during the 2nd quarter worth $160,000. Finally, Cedar Wealth Management LLC grew its stake in shares of Anthem by 1.7% during the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after purchasing an additional 15 shares during the period. 89.99% of the stock is currently owned by institutional investors and hedge funds.
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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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