Anthem’s (ANTM) “Overweight” Rating Reiterated at Cantor Fitzgerald
Cantor Fitzgerald restated their overweight rating on shares of Anthem, Inc. (NYSE:ANTM) in a research note published on Wednesday morning. The firm currently has a $215.00 price objective on the stock, up from their prior price objective of $210.00.
“This morning, Anthem reported 2Q17 results. Revenue was essentially in line with expectations while adjusted EPS of $3.37 compares to our estimate of $2.90 and FactSet consensus of $3.24.”,” Cantor Fitzgerald’s analyst commented.
Several other equities analysts have also recently weighed in on ANTM. Jefferies Group LLC lifted their target price on Anthem from $172.00 to $177.00 and gave the company a hold rating in a research note on Thursday, March 30th. Deutsche Bank AG started coverage on Anthem in a research note on Wednesday, April 5th. They set a hold rating and a $166.00 target price on the stock. Royal Bank Of Canada reaffirmed an outperform rating and set a $183.00 target price (up previously from $179.00) on shares of Anthem in a research note on Thursday, April 27th. Sanford C. Bernstein lifted their target price on Anthem from $202.00 to $212.00 and gave the company an outperform rating in a research note on Friday, April 28th. Finally, Morgan Stanley started coverage on Anthem in a research note on Tuesday, June 6th. They set an equal weight rating and a $196.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $180.00.
Anthem (NYSE ANTM) opened at 187.79 on Wednesday. Anthem has a one year low of $114.85 and a one year high of $194.94. The stock’s 50 day moving average is $189.83 and its 200 day moving average is $173.24. The stock has a market capitalization of $49.31 billion, a price-to-earnings ratio of 17.76 and a beta of 0.73.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. During the same quarter in the previous year, the business posted $3.33 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Anthem will post $11.81 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.70 dividend. This is a positive change from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s payout ratio is 24.62%.
In related news, Director Ramiro G. Peru sold 2,681 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total value of $486,815.98. Following the completion of the sale, the director now directly owns 13,571 shares in the company, valued at approximately $2,464,222.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ronald W. Penczek sold 867 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 1,872 shares of the company’s stock, valued at $350,925.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,103 shares of company stock valued at $749,555. Corporate insiders own 0.36% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. FTB Advisors Inc. raised its stake in Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after buying an additional 67 shares during the period. Westside Investment Management Inc. raised its stake in Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares during the period. Focused Wealth Management Inc bought a new stake in Anthem during the first quarter valued at $149,000. Guardian Life Insurance Co. of America raised its stake in Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after buying an additional 7 shares during the period. Finally, Cedar Wealth Management LLC raised its stake in Anthem by 1.7% in the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.
Anthem Company Profile
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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