Anthem Inc (NYSE:ANTM) – Equities researchers at Jefferies Financial Group boosted their FY2020 earnings estimates for shares of Anthem in a note issued to investors on Friday, July 10th. Jefferies Financial Group analyst D. Windley now expects that the company will post earnings per share of $22.08 for the year, up from their previous forecast of $21.14. Jefferies Financial Group has a “Hold” rating and a $281.00 price target on the stock.

Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $6.48 earnings per share for the quarter, missing analysts’ consensus estimates of $6.54 by ($0.06). Anthem had a net margin of 4.38% and a return on equity of 16.38%. The business had revenue of $29.45 billion for the quarter, compared to the consensus estimate of $28.63 billion. During the same period in the prior year, the company earned $6.03 EPS. Anthem’s quarterly revenue was up 20.7% on a year-over-year basis.

Several other research firms have also recently commented on ANTM. SunTrust Banks upped their target price on shares of Anthem from $280.00 to $320.00 and gave the stock a “hold” rating in a research report on Thursday, May 21st. Goldman Sachs Group began coverage on shares of Anthem in a research report on Friday, June 5th. They issued a “neutral” rating and a $340.00 target price for the company. UBS Group upped their target price on shares of Anthem from $307.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. They noted that the move was a valuation call. SVB Leerink began coverage on shares of Anthem in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $325.00 target price for the company. Finally, ValuEngine cut shares of Anthem from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $332.31.

Shares of NYSE:ANTM opened at $257.58 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.60. Anthem has a fifty-two week low of $171.03 and a fifty-two week high of $310.78. The firm has a 50-day simple moving average of $272.44 and a 200 day simple moving average of $271.27. The company has a market cap of $64.29 billion, a PE ratio of 13.95, a P/E/G ratio of 0.78 and a beta of 0.95.

A number of hedge funds have recently added to or reduced their stakes in the stock. Wealth Quarterback LLC acquired a new stake in Anthem during the fourth quarter valued at approximately $3,675,210,000. Wellington Management Group LLP lifted its position in shares of Anthem by 39.4% in the 1st quarter. Wellington Management Group LLP now owns 11,339,960 shares of the company’s stock valued at $2,574,624,000 after acquiring an additional 3,204,783 shares in the last quarter. Capital International Investors lifted its position in shares of Anthem by 16.3% in the 1st quarter. Capital International Investors now owns 8,118,139 shares of the company’s stock valued at $1,843,144,000 after acquiring an additional 1,139,145 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Anthem by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 3,722,729 shares of the company’s stock valued at $1,122,049,000 after acquiring an additional 181,091 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Anthem by 2.1% in the 4th quarter. Alliancebernstein L.P. now owns 3,103,836 shares of the company’s stock valued at $937,452,000 after acquiring an additional 64,509 shares in the last quarter. 86.82% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Gloria M. Mccarthy sold 16,884 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $270.00, for a total transaction of $4,558,680.00. Following the completion of the sale, the executive vice president now directly owns 42,099 shares of the company’s stock, valued at $11,366,730. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Dixon, Jr. sold 1,102 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $284.59, for a total transaction of $313,618.18. Following the sale, the director now directly owns 9,568 shares of the company’s stock, valued at $2,722,957.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,655 shares of company stock valued at $15,600,127. Company insiders own 0.22% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, June 9th. Anthem’s dividend payout ratio is currently 19.55%.

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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Earnings History and Estimates for Anthem (NYSE:ANTM)

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