Shares of Anthem Inc (NYSE:ANTM) have been assigned an average recommendation of “Buy” from the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $234.21.
A number of equities research analysts recently issued reports on ANTM shares. B. Riley reissued a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. Royal Bank of Canada reissued a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Credit Suisse Group started coverage on Anthem in a research note on Thursday, November 2nd. They set an “outperform” rating and a $234.00 price target for the company. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Bank of America raised their price target on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research note on Friday, November 17th.
In other news, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $229.68, for a total value of $3,314,052.72. Following the transaction, the executive vice president now directly owns 30,667 shares in the company, valued at approximately $7,043,596.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Swedish sold 67,500 shares of Anthem stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $235.87, for a total value of $15,921,225.00. Following the completion of the transaction, the insider now owns 134,043 shares in the company, valued at $31,616,722.41. The disclosure for this sale can be found here. Insiders have sold a total of 167,457 shares of company stock worth $39,862,398 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB increased its holdings in shares of Anthem by 1.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock valued at $8,850,000 after acquiring an additional 873 shares during the period. British Airways Pensions Investment Management Ltd increased its holdings in shares of Anthem by 9.4% in the 3rd quarter. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company’s stock valued at $36,380,000 after acquiring an additional 16,403 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Anthem by 10.0% in the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 8,214 shares of the company’s stock valued at $1,560,000 after acquiring an additional 750 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Anthem by 15.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock valued at $1,561,000 after acquiring an additional 1,109 shares during the period. Finally, Laurel Wealth Advisors Inc. purchased a new position in shares of Anthem in the 3rd quarter valued at $295,000. Institutional investors and hedge funds own 85.30% of the company’s stock.
Shares of Anthem (NYSE ANTM) opened at $235.02 on Tuesday. Anthem has a one year low of $158.66 and a one year high of $267.95. The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $60,343.85, a P/E ratio of 16.37, a P/E/G ratio of 1.35 and a beta of 0.83.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. Anthem had a return on equity of 12.29% and a net margin of 4.27%. The firm had revenue of $22.45 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the company earned $1.76 EPS. Anthem’s quarterly revenue was up 4.5% compared to the same quarter last year. analysts anticipate that Anthem will post 15.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.75 per share. This is an increase from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 8th. Anthem’s dividend payout ratio (DPR) is presently 19.50%.
Anthem declared that its board has approved a stock repurchase program on Thursday, December 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
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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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