Anthem’s (ANTM) “Buy” Rating Reiterated at Barclays

Barclays reiterated their buy rating on shares of Anthem (NYSE:ANTM) in a research report released on Sunday. The brokerage currently has a $282.00 price objective on the stock.

A number of other analysts have also recently weighed in on the stock. Citigroup cut shares of Anthem from a buy rating to a neutral rating and set a $162.00 target price on the stock. in a research note on Monday, September 10th. Jefferies Financial Group reissued a buy rating and issued a $316.00 target price on shares of Anthem in a research note on Friday, October 12th. Evercore ISI raised shares of Anthem from an in-line rating to an outperform rating and set a $255.02 target price on the stock in a research note on Thursday, January 3rd. BMO Capital Markets upped their target price on shares of Anthem from $300.00 to $310.00 and gave the company a buy rating in a research note on Thursday, November 1st. Finally, Credit Suisse Group upped their target price on shares of Anthem from $311.00 to $330.00 and gave the company an outperform rating in a research note on Thursday, November 1st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $310.57.

Shares of ANTM opened at $249.46 on Friday. The stock has a market cap of $64.64 billion, a PE ratio of 20.72, a P/E/G ratio of 1.09 and a beta of 0.91. 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 has a 52 week low of $215.52 and a 52 week high of $300.57.

Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.70 by $0.11. The business had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $22.85 billion. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 earnings per share. Equities analysts predict that Anthem will post 15.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Wednesday, December 5th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, December 4th. This represents a $3.00 annualized dividend and a yield of 1.20%. Anthem’s dividend payout ratio is 24.92%.

In other news, Director Julie A. Hill sold 500 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $287.25, for a total transaction of $143,625.00. Following the sale, the director now directly owns 34,327 shares of the company’s stock, valued at $9,860,430.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Zielinski sold 7,826 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $289.71, for a total transaction of $2,267,270.46. Following the sale, the executive vice president now directly owns 29,466 shares in the company, valued at $8,536,594.86. The disclosure for this sale can be found here. Insiders have sold 19,326 shares of company stock worth $5,369,550 over the last ninety days. Insiders own 0.31% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANTM. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Anthem during the third quarter valued at approximately $108,000. Legacy Advisors LLC bought a new stake in shares of Anthem during the third quarter valued at approximately $113,000. Flagship Harbor Advisors LLC bought a new stake in shares of Anthem during the second quarter valued at approximately $120,000. JNBA Financial Advisors bought a new stake in shares of Anthem during the third quarter valued at approximately $134,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Anthem during the third quarter valued at approximately $140,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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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