Anthem Inc (ANTM) Receives $234.21 Consensus Target Price from Analysts

Anthem Inc (NYSE:ANTM) has been assigned an average rating of “Buy” from the twenty ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $234.21.

A number of research analysts have commented on ANTM shares. BidaskClub upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their price objective on shares of Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating and issued a $226.00 target price on shares of Anthem in a report on Thursday, October 26th. Credit Suisse Group started coverage on shares of Anthem in a report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 target price on the stock. Finally, Leerink Swann reaffirmed an “outperform” rating on shares of Anthem in a report on Tuesday, November 7th.

In related news, EVP Gloria M. Mccarthy sold 14,429 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph Swedish sold 67,500 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $235.87, for a total transaction of $15,921,225.00. Following the sale, the insider now directly owns 134,043 shares in the company, valued at approximately $31,616,722.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,457 shares of company stock worth $39,862,398. 0.36% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB lifted its holdings in shares of Anthem by 1.9% in the third quarter. Xact Kapitalforvaltning AB now owns 46,610 shares of the company’s stock valued at $8,850,000 after purchasing an additional 873 shares in the last quarter. British Airways Pensions Investment Management Ltd lifted its holdings in shares of Anthem by 9.4% in the third quarter. British Airways Pensions Investment Management Ltd now owns 191,646 shares of the company’s stock valued at $36,380,000 after purchasing an additional 16,403 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Anthem by 10.0% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 8,214 shares of the company’s stock valued at $1,560,000 after purchasing an additional 750 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Anthem by 15.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,219 shares of the company’s stock valued at $1,561,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Anthem by 6.2% in the fourth quarter. Creative Planning now owns 17,689 shares of the company’s stock valued at $3,980,000 after purchasing an additional 1,030 shares in the last quarter. 85.30% of the stock is currently owned by hedge funds and other institutional investors.

Anthem (NYSE:ANTM) traded up $0.09 during midday trading on Tuesday, reaching $233.77. 530,788 shares of the company’s stock were exchanged, compared to its average volume of 1,653,441. The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $59,335.15, a price-to-earnings ratio of 16.27, a PEG ratio of 1.34 and a beta of 0.83. Anthem has a one year low of $158.66 and a one year high of $267.95.

Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $22.45 billion for the quarter, compared to analyst estimates of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. Anthem’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. research analysts anticipate that Anthem will post 15.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a yield of 1.28%. This is an increase from Anthem’s previous quarterly dividend of $0.70. Anthem’s payout ratio is currently 19.50%.

Anthem announced that its board has approved a share repurchase program on Thursday, December 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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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)

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