Anthem Inc (NYSE:ANTM) – Jefferies Financial Group dropped their Q2 2019 earnings estimates for Anthem in a research report issued to clients and investors on Wednesday, January 30th. Jefferies Financial Group analyst D. Windley now expects that the company will post earnings of $4.39 per share for the quarter, down from their prior estimate of $4.84. Jefferies Financial Group currently has a “Buy” rating and a $345.00 target price on the stock.
Several other research analysts have also recently issued reports on the stock. Barclays reiterated a “buy” rating and set a $282.00 target price on shares of Anthem in a report on Sunday, January 6th. Evercore ISI upgraded shares of Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 target price on the stock in a report on Thursday, January 3rd. Stephens initiated coverage on shares of Anthem in a report on Monday, January 14th. They set an “overweight” rating and a $310.00 target price on the stock. BMO Capital Markets increased their target price on shares of Anthem from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, November 1st. Finally, Credit Suisse Group increased their target price on shares of Anthem from $311.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $329.93.
Shares of Anthem stock opened at $303.29 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.54 and a debt-to-equity ratio of 0.59. Anthem has a 1 year low of $215.52 and a 1 year high of $305.99. The stock has a market cap of $76.96 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91.
Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. Anthem had a net margin of 4.07% and a return on equity of 14.85%. The company had revenue of $23.30 billion for the quarter, compared to the consensus estimate of $23.27 billion. During the same quarter last year, the firm posted $1.29 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC purchased a new position in shares of Anthem in the 4th quarter valued at approximately $52,000. Essex Savings Bank purchased a new position in shares of Anthem in the 4th quarter valued at approximately $53,000. We Are One Seven LLC purchased a new position in shares of Anthem in the 4th quarter valued at approximately $68,000. Cornerstone Advisors Inc. raised its position in shares of Anthem by 34.3% in the 4th quarter. Cornerstone Advisors Inc. now owns 282 shares of the company’s stock valued at $74,000 after purchasing an additional 72 shares during the last quarter. Finally, First Bank & Trust raised its position in shares of Anthem by 16.1% in the 4th quarter. First Bank & Trust now owns 361 shares of the company’s stock valued at $95,000 after purchasing an additional 50 shares during the last quarter. 86.82% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Gloria M. Mccarthy sold 7,700 shares of the firm’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $265.00, for a total value of $2,040,500.00. Following the sale, the executive vice president now directly owns 46,456 shares in the company, valued at approximately $12,310,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas C. Zielinski sold 7,826 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 29,466 shares in the company, valued at $8,536,594.86. The disclosure for this sale can be found here. Insiders sold a total of 23,526 shares of company stock worth $6,473,485 over the last 90 days. Company insiders own 0.31% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 18th will be issued a $0.80 dividend. This is a boost from Anthem’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, March 15th. Anthem’s dividend payout ratio (DPR) is currently 18.88%.
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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