Anthem Inc (ANTM) Receives Average Recommendation of “Buy” from Brokerages

Anthem Inc (NYSE:ANTM) has been given an average recommendation of “Buy” by the seventeen research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $330.60.

Several research analysts have recently commented on the stock. Barclays decreased their price target on shares of Anthem from $338.00 to $316.00 and set an “overweight” rating for the company in a report on Wednesday. Credit Suisse Group lifted their price target on shares of Anthem from $344.00 to $368.00 and gave the company an “outperform” rating in a report on Friday, March 8th. ValuEngine lowered shares of Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $333.00 price target for the company in a report on Friday, February 1st. Finally, Stephens lifted their price target on shares of Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, January 31st.

Shares of ANTM stock opened at $239.62 on Friday. The firm has a market cap of $61.64 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 0.85 and a beta of 0.92. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. Anthem has a 1-year low of $219.96 and a 1-year high of $317.99.

Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, January 30th. The company reported $2.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. The company had revenue of $23.30 billion during the quarter, compared to analyst estimates of $23.27 billion. Anthem had a net margin of 4.07% and a return on equity of 14.82%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.29 EPS. Equities analysts forecast that Anthem will post 19.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, March 15th. This is a positive change from Anthem’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 1.34%. Anthem’s payout ratio is 20.14%.

In related news, Director Julie A. Hill sold 500 shares of Anthem stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $299.75, for a total value of $149,875.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gloria M. Mccarthy sold 7,701 shares of Anthem stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $303.73, for a total transaction of $2,339,024.73. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,901 shares of company stock worth $4,821,846. 0.17% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its position in Anthem by 24,845.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,122,063 shares of the company’s stock valued at $103,000 after purchasing an additional 27,013,337 shares during the last quarter. Vanguard Group Inc lifted its position in Anthem by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 18,729,474 shares of the company’s stock valued at $5,132,811,000 after purchasing an additional 532,579 shares during the last quarter. Geode Capital Management LLC lifted its position in Anthem by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 3,387,625 shares of the company’s stock valued at $888,145,000 after purchasing an additional 273,738 shares during the last quarter. Northern Trust Corp lifted its position in Anthem by 2.7% in the 4th quarter. Northern Trust Corp now owns 3,064,663 shares of the company’s stock valued at $804,872,000 after purchasing an additional 80,758 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Anthem by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,955,527 shares of the company’s stock valued at $776,161,000 after purchasing an additional 13,088 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

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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Analyst Recommendations for Anthem (NYSE:ANTM)

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