Anthem (NYSE:ANTM) Lowered to “Neutral” at Bank of America

Bank of America lowered shares of Anthem (NYSE:ANTM) from a buy rating to a neutral rating in a research report released on Friday, 24/7 WallStreet reports.

A number of other equities analysts also recently issued reports on ANTM. ValuEngine upgraded Anthem from a sell rating to a hold rating in a research report on Friday, November 29th. Morgan Stanley reduced their target price on Anthem from $371.00 to $356.00 and set an overweight rating on the stock in a report on Thursday, September 26th. Credit Suisse Group decreased their target price on shares of Anthem from $345.00 to $340.00 and set an outperform rating for the company in a research report on Thursday, October 24th. Zacks Investment Research lowered shares of Anthem from a buy rating to a hold rating and set a $289.00 price target for the company. in a report on Monday, August 19th. Finally, Mizuho began coverage on shares of Anthem in a report on Thursday, October 17th. They set a neutral rating and a $262.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Anthem currently has a consensus rating of Buy and a consensus price target of $317.46.

NYSE ANTM traded down $1.03 on Friday, reaching $285.27. The company had a trading volume of 1,618,526 shares, compared to its average volume of 1,676,488. The firm has a market cap of $72.33 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.06 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.70 and a quick ratio of 1.70. Anthem has a fifty-two week low of $227.16 and a fifty-two week high of $317.99. The business has a 50 day moving average of $278.35 and a two-hundred day moving average of $274.15.

Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 23rd. The company reported $4.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.82 by $0.05. Anthem had a return on equity of 15.59% and a net margin of 4.29%. The firm had revenue of $26.44 billion for the quarter, compared to the consensus estimate of $25.88 billion. During the same period in the previous year, the business earned $3.81 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, research analysts predict that Anthem will post 19.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $3.20 annualized dividend and a yield of 1.12%. Anthem’s dividend payout ratio is currently 20.14%.

In other Anthem news, EVP Peter D. Haytaian sold 9,586 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $269.57, for a total transaction of $2,584,098.02. Following the transaction, the executive vice president now directly owns 42,488 shares in the company, valued at approximately $11,453,490.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter D. Haytaian sold 12,095 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $300.00, for a total value of $3,628,500.00. Following the transaction, the executive vice president now owns 41,377 shares in the company, valued at $12,413,100. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,497 shares of company stock valued at $6,446,790. 0.17% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY increased its stake in Anthem by 9.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 42,530 shares of the company’s stock valued at $10,211,000 after purchasing an additional 3,610 shares in the last quarter. Man Group plc boosted its position in shares of Anthem by 79.1% during the 3rd quarter. Man Group plc now owns 373,850 shares of the company’s stock worth $89,761,000 after purchasing an additional 165,143 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Anthem by 5,075.9% in the 3rd quarter. Squarepoint Ops LLC now owns 181,157 shares of the company’s stock valued at $43,496,000 after buying an additional 177,657 shares during the period. TPG Group Holdings SBS Advisors Inc. grew its stake in shares of Anthem by 60.6% in the 3rd quarter. TPG Group Holdings SBS Advisors Inc. now owns 583,228 shares of the company’s stock valued at $140,033,000 after buying an additional 219,977 shares during the period. Finally, Voloridge Investment Management LLC increased its position in Anthem by 568.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 85,751 shares of the company’s stock valued at $20,589,000 after buying an additional 72,922 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

About Anthem

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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