Anthem, Inc. (ANTM) Sets New 12-Month High at $195.24
Anthem, Inc. (NYSE:ANTM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $195.24 and last traded at $195.20, with a volume of 854,325 shares traded. The stock had previously closed at $192.97.
A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Group LLC reissued a “hold” rating and set a $204.00 price objective on shares of Anthem in a research report on Sunday. Morgan Stanley boosted their price objective on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. BidaskClub downgraded Anthem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $215.00 price objective (up from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Anthem presently has a consensus rating of “Hold” and an average target price of $181.76.
The stock has a market capitalization of $51.26 billion, a P/E ratio of 18.46 and a beta of 0.73. The firm’s 50 day moving average price is $190.81 and its 200 day moving average price is $178.39.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.33 EPS. On average, equities analysts expect that Anthem, Inc. will post $11.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a $0.70 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. This represents a $2.80 annualized dividend and a yield of 1.43%. Anthem’s dividend payout ratio is 24.62%.
In other news, Director Ramiro G. Peru sold 2,681 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total value of $486,815.98. Following the sale, the director now directly owns 13,571 shares in the company, valued at approximately $2,464,222.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julie A. Hill sold 524 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now owns 36,924 shares in the company, valued at $7,045,099.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,199 shares of company stock valued at $2,494,862. Insiders own 0.36% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ANTM. IFP Advisors Inc raised its stake in Anthem by 31.1% in the first quarter. IFP Advisors Inc now owns 7,002 shares of the company’s stock valued at $1,158,000 after buying an additional 1,660 shares in the last quarter. Braun Stacey Associates Inc. raised its stake in Anthem by 2.3% in the first quarter. Braun Stacey Associates Inc. now owns 108,731 shares of the company’s stock valued at $17,982,000 after buying an additional 2,459 shares in the last quarter. Financial Architects Inc raised its stake in Anthem by 90.4% in the first quarter. Financial Architects Inc now owns 1,285 shares of the company’s stock valued at $213,000 after buying an additional 610 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Anthem by 1.2% in the first quarter. Russell Investments Group Ltd. now owns 1,206,941 shares of the company’s stock valued at $199,684,000 after buying an additional 14,076 shares in the last quarter. Finally, Gamble Jones Investment Counsel bought a new stake in Anthem during the first quarter valued at $206,000. Institutional investors own 89.48% of the company’s stock.
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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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