Anthem Inc. (NYSE:ANTM) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Monday. They currently have a $132.00 price objective on the stock, down from their prior price objective of $154.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 7.19% from the company’s previous close.
Several other research analysts have also recently issued reports on ANTM. Citigroup Inc. reissued a “buy” rating and issued a $172.00 price target on shares of Anthem in a research note on Tuesday, June 21st. Wolfe Research initiated coverage on Anthem in a research note on Tuesday, June 28th. They issued a “market perform” rating and a $168.00 price target for the company. Zacks Investment Research cut Anthem from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Barclays PLC decreased their price target on Anthem from $158.00 to $151.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Finally, Jefferies Group decreased their price target on Anthem from $157.00 to $156.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Anthem has a consensus rating of “Hold” and an average target price of $159.81.
Anthem (NYSE:ANTM) opened at 123.15 on Monday. Anthem has a 52 week low of $115.63 and a 52 week high of $149.38. The company has a 50-day moving average of $124.47 and a 200 day moving average of $131.95. The firm has a market cap of $32.41 billion, a P/E ratio of 14.24 and a beta of 0.53.
Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, July 27th. The company reported $3.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.10. Anthem had a return on equity of 12.16% and a net margin of 2.83%. The company earned $21.27 billion during the quarter, compared to analysts’ expectations of $20.53 billion. During the same quarter in the prior year, the business posted $3.10 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts predict that Anthem will post $10.87 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, September 7th. Anthem’s dividend payout ratio is currently 30.06%.
In other news, Director William J. Ryan sold 3,125 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $133.15, for a total transaction of $416,093.75. Following the completion of the sale, the director now directly owns 27,149 shares of the company’s stock, valued at approximately $3,614,889.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ronald W. Penczek sold 552 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $128.37, for a total value of $70,860.24. Following the sale, the senior vice president now directly owns 2,407 shares of the company’s stock, valued at $308,986.59. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Financial Architects Inc increased its stake in Anthem by 2.7% in the second quarter. Financial Architects Inc now owns 839 shares of the company’s stock worth $111,000 after buying an additional 22 shares during the period. Integrated Investment Consultants LLC increased its stake in Anthem by 21.4% in the second quarter. Integrated Investment Consultants LLC now owns 850 shares of the company’s stock worth $112,000 after buying an additional 150 shares during the period. Global X Management Co. LLC increased its stake in Anthem by 50.6% in the second quarter. Global X Management Co. LLC now owns 920 shares of the company’s stock worth $121,000 after buying an additional 309 shares during the period. Invictus RG increased its stake in Anthem by 338.5% in the second quarter. Invictus RG now owns 1,013 shares of the company’s stock worth $133,000 after buying an additional 782 shares during the period. Finally, Assetmark Inc. increased its stake in Anthem by 236.9% in the second quarter. Assetmark Inc. now owns 1,095 shares of the company’s stock worth $144,000 after buying an additional 770 shares during the period. 89.45% of the stock is owned by institutional investors.
Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
Receive News & Ratings for Anthem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.