Anthem (NYSE:ANTM – Get Rating) had its target price raised by Truist Financial from $540.00 to $590.00 in a report published on Thursday morning, The Fly reports.
Several other brokerages also recently commented on ANTM. The Goldman Sachs Group initiated coverage on shares of Anthem in a research note on Tuesday, December 14th. They set a conviction-buy rating and a $517.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Anthem from $561.00 to $518.00 and set an overweight rating on the stock in a research report on Friday, January 28th. UBS Group increased their price target on shares of Anthem from $477.00 to $541.00 and gave the stock a buy rating in a research report on Tuesday, March 29th. Sanford C. Bernstein raised their target price on shares of Anthem from $559.00 to $574.00 in a research note on Tuesday, January 11th. Finally, Jefferies Financial Group reiterated a buy rating and set a $559.00 price objective on shares of Anthem in a research report on Tuesday, March 29th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Buy and an average target price of $494.43.
ANTM stock opened at $520.67 on Thursday. The stock has a market capitalization of $131.87 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. The company’s 50-day moving average is $467.31 and its 200-day moving average is $439.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 1.47. Anthem has a 1 year low of $353.53 and a 1 year high of $526.62.
Anthem (NYSE:ANTM – Get Rating) last issued its quarterly earnings results on Wednesday, January 26th. The company reported $5.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.11 by $0.03. Anthem had a net margin of 4.40% and a return on equity of 18.20%. The company had revenue of $36 billion during the quarter, compared to analyst estimates of $36.47 billion. During the same quarter last year, the business posted $2.54 EPS. Anthem’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts anticipate that Anthem will post 28.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Thursday, March 10th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.87%. Anthem’s dividend payout ratio (DPR) is presently 20.71%.
In other news, CAO Ronald W. Penczek sold 2,423 shares of Anthem stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $463.68, for a total transaction of $1,123,496.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ronald W. Penczek sold 2,763 shares of Anthem stock in a transaction on Monday, February 7th. The stock was sold at an average price of $453.48, for a total value of $1,252,965.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,889 shares of company stock worth $10,532,411. Insiders own 0.28% of the company’s stock.
A number of institutional investors have recently bought and sold shares of ANTM. Morgan Stanley raised its stake in shares of Anthem by 7.8% in the 2nd quarter. Morgan Stanley now owns 1,568,625 shares of the company’s stock valued at $598,899,000 after acquiring an additional 113,659 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in Anthem by 36.4% in the third quarter. Wolff Wiese Magana LLC now owns 337 shares of the company’s stock worth $126,000 after purchasing an additional 90 shares in the last quarter. JJJ Advisors Inc. boosted its stake in Anthem by 111.1% in the third quarter. JJJ Advisors Inc. now owns 95 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Anthem by 141.0% during the third quarter. Avantax Advisory Services Inc. now owns 4,189 shares of the company’s stock worth $1,562,000 after acquiring an additional 2,451 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Anthem during the third quarter worth $581,000. Hedge funds and other institutional investors own 87.97% of the company’s stock.
Anthem Company Profile (Get Rating)
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small groups, individuals, Medicaid, and Medicare markets.
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