Anthem (NYSE:ANTM) had its price target increased by Jefferies Financial Group from $271.00 to $281.00 in a report issued on Friday morning, BenzingaRatingsTable reports. The brokerage currently has a hold rating on the stock. Jefferies Financial Group also issued estimates for Anthem’s FY2020 earnings at $22.08 EPS.

Other equities analysts have also recently issued reports about the company. Morgan Stanley lifted their price target on Anthem from $310.00 to $423.00 and gave the company an overweight rating in a research report on Thursday, April 30th. Royal Bank of Canada reissued a buy rating and set a $319.00 price objective on shares of Anthem in a research note on Sunday, April 12th. SunTrust Banks lifted their price objective on Anthem from $280.00 to $320.00 and gave the company a hold rating in a research note on Thursday, May 21st. Cfra raised Anthem from a hold rating to a buy rating and lifted their price objective for the company from $290.00 to $306.00 in a research note on Wednesday, April 29th. Finally, ValuEngine lowered Anthem from a hold rating to a sell rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Anthem presently has a consensus rating of Buy and an average price target of $332.31.

Shares of ANTM stock opened at $257.58 on Friday. The stock has a market cap of $64.29 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.78 and a beta of 0.95. The stock has a 50-day moving average of $272.44 and a 200-day moving average of $271.27. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.60. Anthem has a 1-year low of $171.03 and a 1-year high of $310.78.

Anthem (NYSE:ANTM) last released its earnings results on Wednesday, April 29th. The company reported $6.48 EPS for the quarter, missing the consensus estimate of $6.54 by ($0.06). The business had revenue of $29.45 billion for the quarter, compared to analyst estimates of $28.63 billion. Anthem had a return on equity of 16.38% and a net margin of 4.38%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $6.03 EPS. Sell-side analysts forecast that Anthem will post 22.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.48%. The ex-dividend date was Tuesday, June 9th. Anthem’s dividend payout ratio (DPR) is currently 19.55%.

In other news, EVP Thomas C. Zielinski sold 19,306 shares of Anthem stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $278.34, for a total value of $5,373,632.04. Following the transaction, the executive vice president now owns 48,303 shares in the company, valued at $13,444,657.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gloria M. Mccarthy sold 16,884 shares of Anthem stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $270.00, for a total value of $4,558,680.00. Following the completion of the transaction, the executive vice president now owns 42,099 shares in the company, valued at approximately $11,366,730. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,655 shares of company stock valued at $15,600,127. Corporate insiders own 0.22% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ninety One SA PTY Ltd purchased a new position in shares of Anthem in the first quarter worth about $26,000. Key Financial Inc purchased a new position in Anthem during the 1st quarter valued at about $27,000. TFG Advisers LLC purchased a new position in Anthem during the 4th quarter valued at about $33,000. Ellevest Inc. increased its holdings in Anthem by 37.2% during the 1st quarter. Ellevest Inc. now owns 203 shares of the company’s stock valued at $46,000 after purchasing an additional 55 shares during the period. Finally, OmniStar Financial Group Inc. purchased a new position in Anthem during the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 86.82% of the company’s stock.

Anthem Company Profile

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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