Cowen and Company Reaffirms Buy Rating for Anthem, Inc. (ANTM)
Several other equities research analysts have also recently weighed in on ANTM. Morgan Stanley started coverage on Anthem in a research report on Tuesday, June 6th. They issued an equal weight rating and a $196.00 price objective for the company. Citigroup Inc. reissued a buy rating and issued a $205.00 price objective on shares of Anthem in a research report on Wednesday, June 28th. Credit Suisse Group started coverage on Anthem in a research report on Wednesday, July 12th. They issued a neutral rating and a $195.00 price objective for the company. Deutsche Bank AG increased their price objective on Anthem from $173.00 to $185.00 and gave the company a hold rating in a research report on Thursday, July 13th. Finally, Bank of America Corporation increased their price objective on Anthem from $224.00 to $228.00 and gave the company a buy rating in a research report on Friday, July 14th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $184.67.
Shares of Anthem (NYSE ANTM) opened at 182.86 on Thursday. Anthem has a 52-week low of $114.85 and a 52-week high of $198.98. The stock has a 50 day moving average price of $191.59 and a 200 day moving average price of $182.25. The company has a market capitalization of $48.02 billion, a PE ratio of 17.29 and a beta of 0.70.
Anthem (NYSE:ANTM) last posted its quarterly earnings data 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 period in the prior year, the business earned $3.33 earnings per share. Anthem’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts predict that Anthem will post $11.83 earnings per share for the current fiscal year.
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The business 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 dividend of $0.70 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, September 7th. Anthem’s dividend payout ratio is currently 26.52%.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the completion of the transaction, the insider now directly 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 is accessible through this hyperlink. Also, EVP Thomas C. Zielinski sold 9,127 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the transaction, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The disclosure for this sale can be found here. Insiders have sold 30,776 shares of company stock valued at $6,007,143 over the last quarter. Corporate insiders own 0.36% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Anthem by 2,873.5% during the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after acquiring an additional 21,914,321 shares in the last quarter. Vanguard Group Inc. raised its stake in Anthem by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock worth $3,349,603,000 after acquiring an additional 479,046 shares in the last quarter. FMR LLC raised its stake in Anthem by 8.2% during the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock worth $2,039,982,000 after acquiring an additional 934,509 shares in the last quarter. State Street Corp raised its stake in Anthem by 3.0% during the first quarter. State Street Corp now owns 11,362,446 shares of the company’s stock worth $1,879,127,000 after acquiring an additional 328,727 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Anthem by 53.5% during the first quarter. Wellington Management Group LLP now owns 4,443,160 shares of the company’s stock worth $734,810,000 after acquiring an additional 1,548,077 shares in the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.
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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