Cowen and Company reiterated their buy rating on shares of Anthem, Inc. (NYSE:ANTM) in a report released on Thursday. The brokerage currently has a $160.00 price target on the stock.

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.

COPYRIGHT VIOLATION NOTICE: “Cowen and Company Reaffirms Buy Rating for Anthem, Inc. (ANTM)” was published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.dailypolitical.com/2017/09/24/cowen-and-company-reaffirms-buy-rating-for-anthem-inc-antm.html.

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.

About Anthem

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.

Analyst Recommendations for Anthem (NYSE:ANTM)

Receive News & Ratings for Anthem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.