Anthem (NYSE:ANTM) had its target price reduced by Deutsche Bank from $362.00 to $349.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. Deutsche Bank currently has a buy rating on the stock.
Several other equities analysts have also issued reports on ANTM. Cantor Fitzgerald reiterated a buy rating and set a $360.00 target price on shares of Anthem in a report on Tuesday, June 9th. ValuEngine lowered shares of Anthem from a hold rating to a sell rating in a report on Friday, May 1st. Jefferies Financial Group boosted their price objective on shares of Anthem from $271.00 to $281.00 and gave the stock a hold rating in a report on Friday, July 10th. UBS Group boosted their price objective on shares of Anthem from $307.00 to $330.00 and gave the stock a buy rating in a report on Tuesday, May 12th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price objective on shares of Anthem from $310.00 to $423.00 and gave the stock an overweight rating in a report on Thursday, April 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $333.50.
ANTM stock opened at $273.80 on Thursday. The firm has a 50 day moving average price of $264.60 and a 200-day moving average price of $268.06. Anthem has a 52-week low of $171.03 and a 52-week high of $309.10. The firm has a market capitalization of $68.86 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 1.64.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, September 9th. Anthem’s dividend payout ratio (DPR) is presently 19.55%.
In other news, EVP Gloria M. Mccarthy sold 18,261 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $276.11, for a total transaction of $5,042,044.71. Following the completion of the sale, the executive vice president now owns 60,360 shares of the company’s stock, valued at approximately $16,665,999.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert L. Dixon, Jr. sold 1,102 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $284.59, for a total transaction of $313,618.18. Following the sale, the director now directly owns 9,568 shares of the company’s stock, valued at approximately $2,722,957.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,465 shares of company stock valued at $5,667,815. 0.22% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of ANTM. Ninety One SA PTY Ltd bought a new stake in shares of Anthem during the 1st quarter valued at $26,000. Key Financial Inc bought a new stake in shares of Anthem during the 1st quarter valued at $27,000. TFG Advisers LLC bought a new stake in shares of Anthem during the 4th quarter valued at $33,000. Ellevest Inc. grew its position in shares of Anthem by 37.2% during the 1st quarter. Ellevest Inc. now owns 203 shares of the company’s stock valued at $46,000 after acquiring an additional 55 shares during the period. Finally, Tarbox Family Office Inc. grew its position in shares of Anthem by 77.5% during the 2nd quarter. Tarbox Family Office Inc. now owns 181 shares of the company’s stock valued at $48,000 after acquiring an additional 79 shares during the period. 86.82% of the stock is owned by hedge funds and other institutional investors.
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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