Anthem (NYSE:ANTM) released its quarterly earnings data on Wednesday, January 30th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.24, MarketWatch Earnings reports. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The firm had revenue of $23.30 billion during the quarter, compared to analyst estimates of $23.27 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Anthem updated its FY 2019 guidance to $19.00 EPS.
Shares of NYSE:ANTM opened at $305.70 on Thursday. The stock has a market capitalization of $78.69 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.56. Anthem has a 52-week low of $215.52 and a 52-week high of $311.60.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.05%. This is a boost from Anthem’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 15th. Anthem’s dividend payout ratio (DPR) is presently 18.88%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group increased its stake in Anthem by 244.2% in the 2nd quarter. Schroder Investment Management Group now owns 41,494 shares of the company’s stock worth $9,928,000 after acquiring an additional 29,438 shares during the last quarter. Fulton Bank N.A. increased its stake in Anthem by 36.9% in the 3rd quarter. Fulton Bank N.A. now owns 7,909 shares of the company’s stock worth $2,167,000 after acquiring an additional 2,131 shares during the last quarter. Barometer Capital Management Inc. bought a new stake in Anthem in the 3rd quarter worth approximately $20,655,000. Windsor Group LTD bought a new stake in Anthem in the 3rd quarter worth approximately $229,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Anthem in the 3rd quarter worth approximately $332,000. 97.06% of the stock is currently owned by institutional investors.
A number of analysts recently commented on ANTM shares. Stephens started coverage on Anthem in a research note on Monday, January 14th. They issued an “overweight” rating and a $310.00 price target for the company. Barclays reiterated a “buy” rating and issued a $282.00 price objective on shares of Anthem in a report on Sunday, January 6th. Evercore ISI upgraded Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 price objective for the company in a report on Thursday, January 3rd. Jefferies Financial Group increased their price objective on Anthem from $323.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. Finally, Credit Suisse Group restated an “outperform” rating and set a $344.00 price target (up from $330.00) on shares of Anthem in a report on Thursday, January 31st. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $329.93.
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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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