Anthem (NYSE:ANTM) Reaches New 52-Week High After Analyst Upgrade


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Anthem, Inc. (NYSE:ANTM)’s stock price reached a new 52-week high during trading on Monday after Mizuho raised their price target on the stock from $320.00 to $380.00. Mizuho currently has a neutral rating on the stock. Anthem traded as high as $389.08 and last traded at $388.62, with a volume of 17095 shares. The stock had previously closed at $379.39.

Several other research firms also recently weighed in on ANTM. Royal Bank of Canada boosted their price target on Anthem from $350.00 to $399.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. BMO Capital Markets upped their target price on Anthem from $440.00 to $450.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Truist raised their price target on shares of Anthem from $425.00 to $450.00 in a research report on Thursday, April 22nd. Truist Securities upped their price objective on shares of Anthem from $425.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, April 20th. Finally, Stephens raised their target price on shares of Anthem from $395.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. Anthem presently has an average rating of “Buy” and a consensus price target of $388.00.

In other news, Director Ryan M. Schneider acquired 1,700 shares of the business’s stock in a transaction on Thursday, February 4th. The stock was bought at an average cost of $296.03 per share, for a total transaction of $503,251.00. Following the purchase, the director now owns 2,921 shares in the company, valued at $864,703.63. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter D. Haytaian sold 59,500 shares of the stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $349.20, for a total value of $20,777,400.00. Following the transaction, the executive vice president now directly owns 59,544 shares of the company’s stock, valued at approximately $20,792,764.80. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in Anthem by 2.9% during the 4th quarter. FMR LLC now owns 8,733,037 shares of the company’s stock worth $2,804,091,000 after purchasing an additional 244,712 shares during the last quarter. Sanders Capital LLC grew its stake in Anthem by 12.4% during the 4th quarter. Sanders Capital LLC now owns 3,450,167 shares of the company’s stock valued at $1,190,490,000 after acquiring an additional 381,247 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Anthem by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,784,563 shares of the company’s stock valued at $893,986,000 after acquiring an additional 14,556 shares during the last quarter. Norges Bank purchased a new position in Anthem in the 4th quarter worth approximately $866,682,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Anthem by 27.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,526,510 shares of the company’s stock worth $811,237,000 after purchasing an additional 541,603 shares during the last quarter. Hedge funds and other institutional investors own 89.36% of the company’s stock.

The stock has a market cap of $95.90 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 0.92 and a beta of 1.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a fifty day moving average of $365.63 and a 200 day moving average of $325.12.

Anthem (NYSE:ANTM) last issued its earnings results on Tuesday, April 20th. The company reported $7.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.86 by $0.15. The business had revenue of $32.10 billion during the quarter, compared to the consensus estimate of $32.98 billion. Anthem had a return on equity of 18.45% and a net margin of 4.22%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $6.48 EPS. Research analysts anticipate that Anthem, Inc. will post 22.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Thursday, June 10th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.15%. This is a positive change from Anthem’s previous quarterly dividend of $0.95. The ex-dividend date is Wednesday, June 9th. Anthem’s payout ratio is presently 23.25%.

About Anthem (NYSE:ANTM)

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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