Anthem, Inc. (ANTM) Earns Neutral Rating from Analysts at Credit Suisse Group
Credit Suisse Group started coverage on shares of Anthem, Inc. (NYSE:ANTM) in a report released on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $195.00 price target on the stock.
Several other equities research analysts also recently issued reports on ANTM. UBS AG restated a buy rating and issued a $189.00 price target on shares of Anthem in a report on Thursday, March 16th. Jefferies Group LLC raised their price objective on Anthem from $172.00 to $177.00 and gave the company a hold rating in a report on Thursday, March 30th. Deutsche Bank AG began coverage on Anthem in a research note on Wednesday, April 5th. They issued a hold rating and a $166.00 price objective on the stock. Cantor Fitzgerald restated a hold rating and set a $165.00 target price on shares of Anthem in a research report on Monday, April 24th. Finally, Royal Bank Of Canada reiterated an outperform rating and set a $183.00 target price (up from $179.00) on shares of Anthem in a report on Thursday, April 27th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $174.26.
Anthem (ANTM) traded down 0.11% on Wednesday, hitting $192.35. 314,476 shares of the stock were exchanged. The company’s 50-day moving average is $185.31 and its 200-day moving average is $166.86. The company has a market cap of $50.97 billion, a PE ratio of 18.64 and a beta of 0.73. Anthem has a 52 week low of $114.85 and a 52 week high of $194.94.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $4.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.85 by $0.83. The company had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $21.23 billion. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.46 EPS. On average, analysts predict that Anthem will post $11.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, June 7th. Anthem’s payout ratio is currently 25.22%.
In related news, Director Julie A. Hill sold 555 shares of Anthem stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $180.56, for a total value of $100,210.80. Following the transaction, the director now owns 37,448 shares of the company’s stock, valued at approximately $6,761,610.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald W. Penczek sold 867 shares of Anthem stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total value of $162,527.82. Following the completion of the transaction, the senior vice president now directly owns 1,872 shares in the company, valued at approximately $350,925.12. The disclosure for this sale can be found here. Insiders sold a total of 4,103 shares of company stock worth $749,555 in the last three months. 0.36% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Vident Investment Advisory LLC raised its stake in shares of Anthem by 8.1% in the fourth quarter. Vident Investment Advisory LLC now owns 18,709 shares of the company’s stock worth $2,690,000 after buying an additional 1,406 shares during the last quarter. Dodge & Cox acquired a new stake in shares of Anthem during the fourth quarter worth approximately $432,031,000. Quadrature Capital Ltd acquired a new stake in shares of Anthem during the fourth quarter worth approximately $1,891,000. Orbis Allan Gray Ltd raised its stake in shares of Anthem by 46.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,120,155 shares of the company’s stock worth $448,585,000 after buying an additional 996,248 shares during the last quarter. Finally, RMB Capital Management LLC raised its stake in shares of Anthem by 39.7% in the fourth quarter. RMB Capital Management LLC now owns 2,933 shares of the company’s stock worth $422,000 after buying an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
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.
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