Anthem (ANTM) Price Target Raised to $292.00 at Citigroup

Anthem (NYSE:ANTM) had its target price upped by Citigroup from $290.00 to $292.00 in a report published on Tuesday. They currently have a neutral rating on the stock.

Several other brokerages have also weighed in on ANTM. SunTrust Banks raised their price objective on shares of Anthem to $315.00 and gave the stock a hold rating in a report on Thursday, November 1st. Morgan Stanley raised their price objective on shares of Anthem from $368.00 to $372.00 and gave the stock an overweight rating in a report on Thursday, November 1st. Cowen started coverage on shares of Anthem in a report on Monday, September 17th. They set an outperform rating and a $318.00 price objective for the company. BMO Capital Markets raised shares of Anthem from a market perform rating to an outperform rating and raised their price objective for the stock from $275.00 to $290.00 in a report on Monday, July 9th. Finally, Royal Bank of Canada raised their price objective on shares of Anthem to $318.00 and gave the stock an outperform rating in a report on Thursday, November 1st. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $292.19.

Anthem stock traded down $0.31 during midday trading on Tuesday, hitting $287.06. 918,320 shares of the stock were exchanged, compared to its average volume of 1,597,366. Anthem has a 1 year low of $214.95 and a 1 year high of $290.84. The company has a market capitalization of $74.99 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.49 and a beta of 0.86. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.54.

Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.70 by $0.11. The firm had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $22.85 billion. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 EPS. Analysts forecast that Anthem will post 15.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, December 4th. Anthem’s dividend payout ratio (DPR) is presently 24.92%.

In other news, Director Julie A. Hill sold 248 shares of Anthem stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $267.01, for a total value of $66,218.48. Following the completion of the transaction, the director now directly owns 34,827 shares of the company’s stock, valued at approximately $9,299,157.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julie A. Hill sold 500 shares of Anthem stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $287.25, for a total transaction of $143,625.00. Following the completion of the transaction, the director now directly owns 34,327 shares of the company’s stock, valued at $9,860,430.75. The disclosure for this sale can be found here. Insiders sold a total of 23,773 shares of company stock valued at $6,554,741 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Anthem during the 3rd quarter valued at about $108,000. Legacy Advisors LLC acquired a new position in Anthem during the 3rd quarter valued at about $113,000. JNBA Financial Advisors acquired a new position in Anthem during the 3rd quarter valued at about $134,000. Flagship Harbor Advisors LLC acquired a new position in Anthem during the 2nd quarter valued at about $120,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in Anthem during the 3rd quarter valued at about $140,000. 86.81% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Anthem (NYSE:ANTM)

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