Anthem (NYSE:ANTM) PT Lowered to $580.00 at Wells Fargo & Company

Anthem (NYSE:ANTMGet Rating) had its target price reduced by Wells Fargo & Company from $586.00 to $580.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have an overweight rating on the stock.

Several other brokerages have also commented on ANTM. Truist Financial boosted their price target on shares of Anthem from $590.00 to $610.00 in a report on Thursday, April 21st. The Goldman Sachs Group boosted their price target on shares of Anthem from $527.00 to $605.00 and gave the stock a buy rating in a report on Thursday, April 21st. Cowen boosted their price target on shares of Anthem from $472.00 to $642.00 in a report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Anthem from $453.00 to $574.00 and gave the stock a buy rating in a report on Friday, April 22nd. Finally, UBS Group boosted their price target on shares of Anthem from $477.00 to $541.00 and gave the stock a buy rating in a report on Tuesday, March 29th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Anthem presently has an average rating of Buy and an average target price of $545.95.

NYSE:ANTM opened at $520.55 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $125.50 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. The company has a 50 day moving average price of $499.61 and a 200-day moving average price of $464.00. Anthem has a 1-year low of $355.43 and a 1-year high of $533.68.

Anthem (NYSE:ANTMGet Rating) last posted its earnings results on Wednesday, April 20th. The company reported $8.25 earnings per share for the quarter, beating the consensus estimate of $7.81 by $0.44. The firm had revenue of $38.10 billion during the quarter, compared to analyst estimates of $37.28 billion. Anthem had a net margin of 4.33% and a return on equity of 18.71%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $7.01 EPS. On average, sell-side analysts anticipate that Anthem will post 28.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be given a dividend of $1.28 per share. This is a boost from Anthem’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $5.12 annualized dividend and a dividend yield of 0.98%. Anthem’s payout ratio is presently 20.16%.

In other Anthem news, Director Ramiro G. Peru sold 990 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $468.88, for a total value of $464,191.20. Following the transaction, the director now owns 9,405 shares of the company’s stock, valued at $4,409,816.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Ronald W. Penczek sold 2,423 shares of the company’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $463.68, for a total transaction of $1,123,496.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,116 shares of company stock worth $9,743,637. Corporate insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ninety One UK Ltd increased its stake in Anthem by 35.3% during the first quarter. Ninety One UK Ltd now owns 449,093 shares of the company’s stock worth $220,603,000 after purchasing an additional 117,161 shares during the period. EverSource Wealth Advisors LLC increased its stake in Anthem by 27.8% during the first quarter. EverSource Wealth Advisors LLC now owns 704 shares of the company’s stock worth $346,000 after purchasing an additional 153 shares during the period. M Holdings Securities Inc. purchased a new stake in Anthem during the first quarter worth about $1,951,000. Advisory Services Network LLC increased its stake in Anthem by 11.1% during the first quarter. Advisory Services Network LLC now owns 4,810 shares of the company’s stock worth $2,362,000 after purchasing an additional 481 shares during the period. Finally, Verity Asset Management Inc. increased its stake in Anthem by 5.8% during the first quarter. Verity Asset Management Inc. now owns 1,276 shares of the company’s stock worth $632,000 after purchasing an additional 70 shares during the period. 84.28% of the stock is currently owned by institutional investors.

About Anthem (Get Rating)

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small groups, individuals, Medicaid, and Medicare markets.

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