Anthem’s (ANTM) “Buy” Rating Reiterated at Cantor Fitzgerald
Several other equities research analysts have also recently commented on ANTM. Morgan Stanley initiated coverage on Anthem in a research note on Tuesday, June 6th. They set an equal weight rating and a $196.00 target price for the company. Citigroup Inc. reaffirmed a buy rating and set a $205.00 target price on shares of Anthem in a research note on Wednesday, June 28th. Credit Suisse Group initiated coverage on Anthem in a research note on Wednesday, July 12th. They set a neutral rating and a $195.00 target price for the company. Deutsche Bank AG raised their target price on Anthem from $173.00 to $185.00 and gave the stock a hold rating in a research note on Thursday, July 13th. Finally, Bank of America Corporation raised their target price on Anthem from $224.00 to $228.00 and gave the stock a buy rating in a research note on Friday, July 14th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Anthem currently has an average rating of Buy and a consensus price target of $183.44.
Anthem (NYSE:ANTM) opened at 186.59 on Thursday. The stock’s 50 day moving average price is $191.81 and its 200 day moving average price is $181.77. Anthem has a 12-month low of $114.85 and a 12-month high of $198.98. The company has a market cap of $49.00 billion, a PE ratio of 17.64 and a beta of 0.70.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. During the same quarter in the prior year, the firm posted $3.33 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Anthem will post $11.83 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio (DPR) is 26.52%.
In other news, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $197.00, for a total value of $4,161,625.00. Following the transaction, the insider now owns 87,668 shares in the company, valued at $17,270,596. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julie A. Hill sold 524 shares of the firm’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 transaction, the director now owns 36,924 shares in the company, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. Insiders sold 30,776 shares of company stock valued at $6,007,143 in the last three months. Insiders own 0.36% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in shares of Anthem in the second quarter valued at approximately $128,000. Salem Investment Counselors Inc. lifted its holdings 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 purchasing an additional 10 shares in the last quarter. Westside Investment Management Inc. lifted its holdings 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 purchasing an additional 200 shares in the last quarter. Harding Loevner LP bought a new position in shares of Anthem in the second quarter valued at approximately $151,000. Finally, Krilogy Financial LLC bought a new position in shares of Anthem in the second quarter valued at approximately $160,000. Institutional investors own 87.69% of the company’s stock.
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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