Anthem Inc (ANTM) Receives $327.14 Consensus Price Target from Brokerages

Shares of Anthem Inc (NYSE:ANTM) have earned an average recommendation of “Buy” from the sixteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $324.87.

Several equities research analysts recently weighed in on the company. Argus assumed coverage on Anthem in a research report on Thursday, January 24th. They set a “buy” rating and a $333.00 price target on the stock. Barclays set a $338.00 price target on Anthem and gave the company a “buy” rating in a research report on Friday, March 8th. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $293.00 price target on the stock in a research report on Thursday, May 16th. SunTrust Banks dropped their price target on Anthem to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Finally, Morgan Stanley restated an “overweight” rating and set a $391.00 price target (up from $372.00) on shares of Anthem in a research report on Thursday, January 31st.

Shares of NYSE ANTM traded up $0.58 during mid-day trading on Thursday, hitting $277.72. 1,682,200 shares of the stock traded hands, compared to its average volume of 1,923,182. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. Anthem has a 52 week low of $220.80 and a 52 week high of $317.99. The firm has a market capitalization of $71.26 billion, a PE ratio of 17.48, a P/E/G ratio of 0.98 and a beta of 0.85.

Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, April 24th. The company reported $6.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.86 by $0.17. Anthem had a return on equity of 14.99% and a net margin of 4.23%. The company had revenue of $24.39 billion for the quarter, compared to analyst estimates of $24.31 billion. During the same period in the previous year, the company posted $5.41 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. On average, research analysts anticipate that Anthem will post 19.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, June 7th. Anthem’s dividend payout ratio (DPR) is 20.14%.

In other news, EVP Gloria M. Mccarthy sold 7,701 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $303.73, for a total transaction of $2,339,024.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ramiro G. Peru sold 1,656 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $275.00, for a total value of $455,400.00. Following the transaction, the director now directly owns 11,173 shares in the company, valued at $3,072,575. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Redmile Group LLC lifted its holdings in shares of Anthem by 53.0% during the first quarter. Redmile Group LLC now owns 176,700 shares of the company’s stock valued at $50,709,000 after purchasing an additional 61,200 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Anthem during the first quarter valued at $353,000. Horizon Investments LLC bought a new position in shares of Anthem during the first quarter valued at $2,916,000. BlueMountain Capital Management LLC lifted its holdings in shares of Anthem by 658.6% during the first quarter. BlueMountain Capital Management LLC now owns 22,347 shares of the company’s stock valued at $6,413,000 after purchasing an additional 19,401 shares in the last quarter. Finally, Kore Private Wealth LLC bought a new position in shares of Anthem during the first quarter valued at $67,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Anthem Company Profile

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.

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Analyst Recommendations for Anthem (NYSE:ANTM)

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