Analysts at Evercore ISI started coverage on shares of Anthem Inc. (NYSE:ANTM) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Anthem from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Jefferies Group cut their target price on shares of Anthem from $157.00 to $156.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Barclays PLC cut their target price on shares of Anthem from $158.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Citigroup Inc. cut their target price on shares of Anthem from $172.00 to $162.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Finally, Leerink Swann reaffirmed a “buy” rating and set a $160.00 price target on shares of Anthem in a report on Thursday, June 16th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $163.79.
Shares of Anthem (NYSE:ANTM) traded down 0.13% during trading on Thursday, hitting $128.42. 1,096,265 shares of the company were exchanged. The stock has a market cap of $33.80 billion, a P/E ratio of 14.85 and a beta of 0.45. The company’s 50-day moving average price is $127.00 and its 200 day moving average price is $134.17. Anthem has a 12 month low of $115.63 and a 12 month high of $149.98.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $3.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.10. The company had revenue of $21.27 billion for the quarter, compared to the consensus estimate of $20.53 billion. Anthem had a net margin of 2.83% and a return on equity of 12.16%. Anthem’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.10 earnings per share. On average, equities analysts predict that Anthem will post $10.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, September 9th will be given a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.02%. Anthem’s payout ratio is currently 30.06%.
In related news, Director William J. Ryan sold 3,125 shares of Anthem stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $133.15, for a total value of $416,093.75. Following the sale, the director now directly owns 27,149 shares in the company, valued at approximately $3,614,889.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Thomas C. Zielinski sold 5,254 shares of Anthem stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $128.83, for a total transaction of $676,872.82. Following the completion of the sale, the executive vice president now owns 17,935 shares in the company, valued at $2,310,566.05. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Fund Advisors increased its stake in shares of Anthem by 1.3% in the first quarter. BlackRock Fund Advisors now owns 3,542,158 shares of the company’s stock valued at $492,325,000 after buying an additional 46,504 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Anthem by 3.1% in the first quarter. Prudential Financial Inc. now owns 1,247,912 shares of the company’s stock valued at $173,447,000 after buying an additional 37,090 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Anthem by 15.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,913,964 shares of the company’s stock valued at $266,022,000 after buying an additional 261,330 shares in the last quarter. Ngam Advisors L.P. increased its stake in shares of Anthem by 185.1% in the first quarter. Ngam Advisors L.P. now owns 156,511 shares of the company’s stock valued at $21,753,000 after buying an additional 101,608 shares in the last quarter. Finally, Morris Capital Advisors LLC purchased a new stake in shares of Anthem during the first quarter valued at $402,000. Hedge funds and other institutional investors own 89.44% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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