Anthem (ANTM) Sets New 52-Week High After Strong Earnings

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Shares of Anthem Inc (NYSE:ANTM) reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $305.99 and last traded at $302.00, with a volume of 157065 shares traded. The stock had previously closed at $272.71.

The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.24. The firm had revenue of $23.30 billion during the quarter, compared to the consensus estimate of $23.27 billion. Anthem had a return on equity of 13.99% and a net margin of 4.98%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be given a $0.80 dividend. This is a positive change from Anthem’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, March 15th. Anthem’s dividend payout ratio is presently 24.92%.

ANTM has been the topic of several research reports. SunTrust Banks upped their target price on Anthem to $315.00 and gave the stock a “hold” rating in a research report on Thursday, November 1st. Morgan Stanley upped their target price on Anthem from $368.00 to $372.00 and gave the stock an “overweight” rating in a research report on Thursday, November 1st. ValuEngine raised Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday. Evercore ISI raised Anthem from an “in-line” rating to an “outperform” rating and set a $255.02 target price on the stock in a research report on Thursday, January 3rd. Finally, Royal Bank of Canada upped their target price on Anthem to $318.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and an average target price of $322.81.

In other news, Director Julie A. Hill sold 500 shares of the stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $287.25, for a total transaction of $143,625.00. Following the transaction, the director now owns 34,327 shares of the company’s stock, valued at approximately $9,860,430.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gloria M. Mccarthy sold 7,700 shares of the 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 transaction, the executive vice president now directly owns 46,456 shares in the company, valued at approximately $12,310,840. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,526 shares of company stock worth $6,473,485. 0.31% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ANTM. Schroder Investment Management Group grew its holdings in Anthem by 244.2% in the 2nd quarter. Schroder Investment Management Group now owns 41,494 shares of the company’s stock valued at $9,928,000 after buying an additional 29,438 shares during the last quarter. Fulton Bank N.A. grew its holdings in Anthem by 36.9% in the 3rd quarter. Fulton Bank N.A. now owns 7,909 shares of the company’s stock valued at $2,167,000 after buying an additional 2,131 shares during the last quarter. Barometer Capital Management Inc. acquired a new stake in Anthem in the 3rd quarter valued at approximately $20,655,000. Windsor Group LTD acquired a new stake in Anthem in the 3rd quarter valued at approximately $229,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in Anthem in the 3rd quarter valued at approximately $332,000. 86.82% of the stock is currently owned by institutional investors and hedge funds.

The firm has a market cap of $70.53 billion, a PE ratio of 25.17, a P/E/G ratio of 1.19 and a beta of 0.91. The company has a quick ratio of 1.54, a current ratio of 1.53 and a debt-to-equity ratio of 0.59.

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About Anthem (NYSE:ANTM)

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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