Anthem, Inc. (ANTM) Reaches New 1-Year High at $196.79
Anthem, Inc. (NYSE:ANTM)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $196.79 and last traded at $197.12, with a volume of 435,351 shares traded. The stock had previously closed at $196.04.
ANTM has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $136.00 price target on shares of Anthem in a report on Thursday, May 11th. BidaskClub lowered Anthem from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation raised their price target on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Citigroup Inc. reaffirmed a “buy” rating and issued a $205.00 price target on shares of Anthem in a report on Wednesday, June 28th. Finally, Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a report on Thursday, August 24th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $183.83.
The stock has a 50 day moving average of $191.21 and a 200 day moving average of $179.94. The stock has a market capitalization of $51.84 billion, a PE ratio of 18.67 and a beta of 0.70.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. During the same quarter last year, the firm earned $3.33 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Anthem, Inc. will post $11.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.70 dividend. This is an increase from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.42%. Anthem’s dividend payout ratio (DPR) is presently 24.62%.
In other Anthem news, SVP Ronald W. Penczek sold 867 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total value of $162,527.82. Following the completion of the sale, the senior vice president now owns 1,872 shares of the company’s stock, valued at $350,925.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the completion of the sale, the executive vice president now directly owns 26,571 shares of the company’s stock, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,518 shares of company stock valued at $2,008,046. 0.36% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in ANTM. FTB Advisors Inc. increased its stake in shares of Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after buying an additional 67 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Anthem during the second quarter valued at about $128,000. Westside Investment Management Inc. increased its stake in shares of Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after buying an additional 10 shares during the last quarter. Finally, Focused Wealth Management Inc purchased a new stake in shares of Anthem during the first quarter valued at about $149,000. 87.68% of the stock is owned by institutional investors and hedge funds.
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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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