Anthem, Inc. (NYSE:ANTM) has been assigned a consensus rating of “Buy” from the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $200.64.
ANTM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Morgan Stanley lifted their target price on shares of Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Bank of America raised their price objective on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Jefferies Group raised their price objective on shares of Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Finally, Credit Suisse Group assumed coverage on shares of Anthem in a research report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 target price for the company.
Shares of Anthem (NYSE ANTM) opened at $222.71 on Thursday. Anthem has a fifty-two week low of $140.50 and a fifty-two week high of $236.39. The firm has a market cap of $57,383.41, a price-to-earnings ratio of 17.94, a PEG ratio of 1.75 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.26%. Anthem’s dividend payout ratio (DPR) is 25.32%.
In other news, Director Julie A. Hill sold 1,602 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total transaction of $345,551.40. Following the completion of the transaction, the director now owns 35,322 shares in the company, valued at approximately $7,618,955.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $190.63, for a total transaction of $4,027,058.75. The disclosure for this sale can be found here. Insiders have sold 65,955 shares of company stock worth $13,907,287 over the last three months. 0.36% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Anthem by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,804,726 shares of the company’s stock valued at $3,349,603,000 after buying an additional 479,046 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in shares of Anthem by 4.3% in the second quarter. Orbis Allan Gray Ltd now owns 4,252,021 shares of the company’s stock worth $799,933,000 after purchasing an additional 176,023 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Anthem by 8.7% in the third quarter. Nordea Investment Management AB now owns 4,215,569 shares of the company’s stock worth $800,452,000 after purchasing an additional 339,111 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Anthem by 2.3% in the third quarter. First Eagle Investment Management LLC now owns 3,103,892 shares of the company’s stock worth $589,367,000 after purchasing an additional 71,119 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Anthem by 0.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,393,810 shares of the company’s stock worth $454,537,000 after purchasing an additional 12,975 shares in the last quarter. Institutional investors own 87.26% 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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