Anthem Inc (NYSE:ANTM) – Svb Leerink reduced their FY2020 earnings per share estimates for Anthem in a research note issued on Monday, April 15th, Zacks Investment Research reports. Svb Leerink analyst A. Gupte now expects that the company will post earnings of $22.50 per share for the year, down from their prior forecast of $22.70. Svb Leerink also issued estimates for Anthem’s FY2021 earnings at $25.20 EPS.
A number of other brokerages have also recently weighed in on ANTM. Barclays lifted their price target on shares of Anthem to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 31st. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $333.00 price objective on the stock in a research report on Friday, February 1st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $344.00 price objective (up from $330.00) on shares of Anthem in a research report on Thursday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $346.00 price objective (up from $318.00) on shares of Anthem in a research report on Thursday, January 31st. Finally, Stephens boosted their price objective on shares of Anthem from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, January 31st. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Anthem currently has a consensus rating of “Buy” and an average price target of $327.53.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $6.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.86 by $0.17. Anthem had a net margin of 4.23% and a return on equity of 14.99%. The firm had revenue of $24.39 billion for the quarter, compared to analysts’ expectations of $24.31 billion. During the same period last year, the firm earned $5.41 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the business. CI Investments Inc. increased its stake in shares of Anthem by 41.9% during the 3rd quarter. CI Investments Inc. now owns 262,000 shares of the company’s stock worth $71,801,000 after purchasing an additional 77,300 shares during the last quarter. Martingale Asset Management L P grew its stake in Anthem by 0.6% in the 3rd quarter. Martingale Asset Management L P now owns 153,079 shares of the company’s stock valued at $41,952,000 after buying an additional 900 shares during the last quarter. LPL Financial LLC grew its stake in Anthem by 1.7% in the 3rd quarter. LPL Financial LLC now owns 35,856 shares of the company’s stock valued at $9,826,000 after buying an additional 593 shares during the last quarter. Mutual Advisors LLC acquired a new position in Anthem in the 3rd quarter valued at about $1,024,000. Finally, Mackenzie Financial Corp grew its stake in Anthem by 59.1% in the 3rd quarter. Mackenzie Financial Corp now owns 296,483 shares of the company’s stock valued at $81,251,000 after buying an additional 110,110 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.
In other Anthem news, EVP Gloria M. Mccarthy sold 7,701 shares of Anthem stock in a transaction on Monday, March 4th. The shares were sold at an average price of $303.73, for a total value of $2,339,024.73. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be paid a $0.80 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.20 annualized dividend and a yield of 1.19%. Anthem’s payout ratio is currently 20.14%.
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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