Barclays Cuts Anthem (ANTM) Price Target to $316.00

Anthem (NYSE:ANTM) had its price objective cut by Barclays from $338.00 to $316.00 in a research note published on Wednesday, AnalystRatings.com reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also commented on ANTM. Evercore ISI raised shares of Anthem from an in-line rating to an outperform rating and set a $255.02 price objective on the stock in a research note on Thursday, January 3rd. Zacks Investment Research downgraded shares of Anthem from a buy rating to a hold rating in a research note on Monday, January 7th. ValuEngine downgraded shares of Anthem from a buy rating to a hold rating in a research note on Wednesday, January 9th. Stephens assumed coverage on shares of Anthem in a research note on Monday, January 14th. They issued an overweight rating and a $310.00 target price on the stock. Finally, Argus assumed coverage on shares of Anthem in a research note on Thursday, January 24th. They issued a buy rating and a $333.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Anthem presently has a consensus rating of Buy and an average target price of $330.60.

NYSE:ANTM opened at $239.62 on Wednesday. Anthem has a one year low of $219.96 and a one year high of $317.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $61.64 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 0.85 and a beta of 0.92.

Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.20 by $0.24. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The business had revenue of $23.30 billion for the quarter, compared to analyst estimates of $23.27 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Anthem’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts anticipate that Anthem will post 19.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, March 15th. This is an increase from Anthem’s previous quarterly dividend of $0.75. Anthem’s dividend payout ratio is currently 20.14%.

In related news, Director Julie A. Hill sold 500 shares of the stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $299.75, for a total transaction of $149,875.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gloria M. Mccarthy sold 7,701 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $303.73, for a total transaction of $2,339,024.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,901 shares of company stock worth $4,821,846. Insiders own 0.17% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Proficio Capital Partners LLC increased its holdings in Anthem by 20.2% during the fourth quarter. Proficio Capital Partners LLC now owns 196 shares of the company’s stock valued at $51,000 after buying an additional 33 shares during the last quarter. ClariVest Asset Management LLC increased its holdings in Anthem by 7.2% during the fourth quarter. ClariVest Asset Management LLC now owns 642 shares of the company’s stock valued at $169,000 after buying an additional 43 shares during the last quarter. Clearstead Advisors LLC increased its holdings in Anthem by 3.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,366 shares of the company’s stock valued at $359,000 after buying an additional 49 shares during the last quarter. First Bank & Trust increased its holdings in Anthem by 16.1% during the fourth quarter. First Bank & Trust now owns 361 shares of the company’s stock valued at $95,000 after buying an additional 50 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in Anthem by 6.6% during the first quarter. Foundations Investment Advisors LLC now owns 810 shares of the company’s stock valued at $232,000 after buying an additional 50 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

About Anthem

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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Analyst Recommendations for Anthem (NYSE:ANTM)

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