Anthem (ANTM) Receives Buy Rating from Jefferies Financial Group
Jefferies Financial Group reiterated their buy rating on shares of Anthem (NYSE:ANTM) in a research note published on Friday. Jefferies Financial Group currently has a $316.00 price target on the stock. Jefferies Financial Group also issued estimates for Anthem’s FY2020 earnings at $19.95 EPS.
A number of other brokerages also recently issued reports on ANTM. Zacks Investment Research downgraded Anthem from a buy rating to a hold rating in a research note on Tuesday, July 3rd. Cowen started coverage on Anthem in a research note on Monday, September 17th. They issued an outperform rating and a $318.00 target price for the company. BMO Capital Markets raised Anthem from a market perform rating to an outperform rating and raised their target price for the stock from $275.00 to $290.00 in a research note on Monday, July 9th. Citigroup downgraded Anthem from a buy rating to a neutral rating and set a $162.00 target price for the company. in a research note on Monday, September 10th. Finally, ValuEngine raised Anthem from a hold rating to a buy rating in a research note on Tuesday, June 26th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $274.21.
ANTM stock traded up $2.89 during midday trading on Friday, reaching $271.41. The stock had a trading volume of 1,325,569 shares, compared to its average volume of 1,370,646. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $71.24 billion, a P/E ratio of 22.54, a PEG ratio of 1.49 and a beta of 0.92. Anthem has a 52-week low of $182.31 and a 52-week high of $280.43.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 25th. Investors of record on Monday, September 10th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, September 7th. Anthem’s payout ratio is 24.92%.
In related news, Director Julie A. Hill sold 248 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $267.01, for a total transaction of $66,218.48. Following the completion of the transaction, the director now directly owns 34,827 shares in the company, valued at approximately $9,299,157.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ronald W. Penczek sold 763 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $265.56, for a total value of $202,622.28. Following the transaction, the chief accounting officer now owns 1,334 shares of the company’s stock, valued at $354,257.04. The disclosure for this sale can be found here. Insiders have sold a total of 31,488 shares of company stock valued at $8,027,655 over the last three months. Corporate insiders own 0.31% of the company’s stock.
A number of institutional investors have recently made changes to their positions in ANTM. OppenheimerFunds Inc. boosted its stake in shares of Anthem by 3.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,412,481 shares of the company’s stock valued at $574,244,000 after buying an additional 77,194 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Anthem by 31.5% in the 1st quarter. Allianz Asset Management GmbH now owns 2,108,871 shares of the company’s stock valued at $463,319,000 after buying an additional 505,252 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of Anthem by 40.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,788,388 shares of the company’s stock valued at $425,690,000 after buying an additional 512,962 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Anthem by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,159,985 shares of the company’s stock valued at $276,112,000 after buying an additional 12,805 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Anthem by 2.5% in the 2nd quarter. Swiss National Bank now owns 918,241 shares of the company’s stock valued at $218,569,000 after buying an additional 22,200 shares during the period. Institutional investors own 86.70% of the company’s stock.
Anthem Company Profile
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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