Anthem Inc. (ANTM) Receives $160.91 Consensus Target Price from Brokerages
Anthem Inc. (NYSE:ANTM) has been assigned an average rating of “Buy” from the eighteen brokerages that are presently covering the stock. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $160.91.
ANTM has been the subject of a number of recent analyst reports. Zacks Investment Research raised Anthem from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Jefferies Group lowered Anthem from a “buy” rating to a “hold” rating and lowered their price target for the company from $156.00 to $138.00 in a research report on Tuesday, September 13th. Barclays PLC lowered their price target on Anthem from $158.00 to $151.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. Leerink Swann reaffirmed a “buy” rating and set a $155.00 price target on shares of Anthem in a research report on Monday, September 26th. Finally, FBR & Co reaffirmed a “market perform” rating and set a $155.00 price target on shares of Anthem in a research report on Monday, August 15th.
Anthem (NYSE:ANTM) opened at 121.09 on Friday. The stock has a market cap of $31.87 billion, a PE ratio of 14.00 and a beta of 0.53. The company’s 50 day moving average price is $124.69 and its 200 day moving average price is $132.35. Anthem has a 12 month low of $115.63 and a 12 month high of $149.50.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 27th. The company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.10. The business earned $21.27 billion during the quarter, compared to analyst estimates of $20.53 billion. Anthem had a return on equity of 12.16% and a net margin of 2.83%. Anthem’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.10 EPS. Equities analysts forecast that Anthem will post $10.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.60 annualized dividend and a yield of 2.15%. Anthem’s dividend payout ratio is 30.06%.
In other Anthem news, SVP Ronald W. Penczek sold 552 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $128.37, for a total transaction of $70,860.24. Following the sale, the senior vice president now directly owns 2,407 shares in the company, valued at approximately $308,986.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William J. Ryan sold 3,125 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $133.15, for a total value of $416,093.75. Following the completion of the transaction, the director now owns 27,149 shares in the company, valued at $3,614,889.35. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its position in Anthem by 0.3% in the third quarter. Advisory Services Network LLC now owns 2,208 shares of the company’s stock worth $277,000 after buying an additional 6 shares during the period. Financial Architects Inc increased its position in Anthem by 2.7% in the second quarter. Financial Architects Inc now owns 839 shares of the company’s stock worth $111,000 after buying an additional 22 shares during the period. Leavell Investment Management Inc. increased its position in Anthem by 0.8% in the second quarter. Leavell Investment Management Inc. now owns 3,225 shares of the company’s stock worth $424,000 after buying an additional 25 shares during the period. Bangor Savings Bank increased its position in Anthem by 0.4% in the second quarter. Bangor Savings Bank now owns 7,277 shares of the company’s stock worth $956,000 after buying an additional 26 shares during the period. Finally, Cadence Capital Management LLC increased its position in Anthem by 0.8% in the second quarter. Cadence Capital Management LLC now owns 4,499 shares of the company’s stock worth $591,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 89.45% 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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