Anthem Inc (ANTM) Increases Dividend to $0.75 Per Share
Anthem Inc (NYSE:ANTM) announced a quarterly dividend on Wednesday, January 31st, RTT News reports. Shareholders of record on Friday, March 9th will be given a dividend of 0.75 per share on Friday, March 23rd. This represents a $3.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, March 8th. This is an increase from Anthem’s previous quarterly dividend of $0.70.
Anthem has raised its dividend by an average of 83.4% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Anthem has a dividend payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Anthem to earn $16.61 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 16.9%.
Shares of Anthem (NYSE:ANTM) opened at $233.08 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.55. Anthem has a 1 year low of $158.66 and a 1 year high of $267.95. The company has a market cap of $59,337.71, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.87.
In related news, EVP Gloria M. Mccarthy sold 14,429 shares of Anthem stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the transaction, the executive vice president now owns 30,667 shares in the company, valued at approximately $7,043,596.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph Swedish sold 64,403 shares of Anthem stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $244.37, for a total transaction of $15,738,161.11. Following the transaction, the insider now owns 84,346 shares in the company, valued at approximately $20,611,632.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,332 shares of company stock worth $34,973,439. 0.36% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on ANTM shares. Leerink Swann reaffirmed an “outperform” rating on shares of Anthem in a research report on Tuesday, November 7th. Bank of America lifted their price target on shares of Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. B. Riley reiterated a “buy” rating on shares of Anthem in a research note on Wednesday, December 6th. ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research cut shares of Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Anthem presently has a consensus rating of “Buy” and a consensus target price of $230.80.
Anthem announced that its board has approved a share repurchase program on Thursday, December 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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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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