Anthem Inc. (ANTM) Lowered to “Neutral” at JPMorgan Chase & Co.
Anthem Inc. (NYSE:ANTM) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Monday, The Fly reports.
Several other equities analysts have also recently weighed in on the company. Leerink Swann reiterated a “buy” rating and set a $155.00 price objective on shares of Anthem in a report on Monday, September 26th. Evercore ISI began coverage on Anthem in a report on Thursday, September 22nd. They set a “hold” rating and a $133.00 price objective on the stock. Zacks Investment Research upgraded Anthem from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th. Jefferies Group cut Anthem from a “buy” rating to a “hold” rating and cut their price objective for the company from $156.00 to $138.00 in a report on Tuesday, September 13th. Finally, FBR & Co reiterated a “market perform” rating and set a $155.00 price objective on shares of Anthem in a report on Monday, August 15th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $161.55.
Shares of Anthem (NYSE:ANTM) opened at 121.09 on Monday. The company has a market cap of $31.87 billion, a PE ratio of 14.00 and a beta of 0.53. The firm’s 50-day moving average price is $124.69 and its 200-day moving average price is $132.35. Anthem has a 12 month low of $115.63 and a 12 month high of $149.50.
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Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 27th. The company reported $3.33 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $21.27 billion for the quarter, compared to analysts’ expectations of $20.53 billion. During the same quarter last year, the business earned $3.10 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that Anthem will post $10.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Wednesday, September 7th. Anthem’s payout ratio is presently 30.06%.
In related news, EVP Thomas C. Zielinski sold 5,254 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $128.83, for a total transaction of $676,872.82. Following the transaction, the executive vice president now directly owns 17,935 shares of the company’s stock, valued at approximately $2,310,566.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Ryan sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $133.15, for a total value of $416,093.75. Following the transaction, the director now directly owns 27,149 shares in the company, valued at $3,614,889.35. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. National Pension Service raised its position in Anthem by 4.1% in the first quarter. National Pension Service now owns 148,563 shares of the company’s stock worth $20,649,000 after buying an additional 5,907 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Anthem by 1.5% in the first quarter. Nuveen Asset Management LLC now owns 195,133 shares of the company’s stock valued at $27,121,000 after buying an additional 2,833 shares during the period. Summit Street Capital Management LLC purchased a new stake in Anthem during the first quarter valued at about $2,270,000. Renaissance Technologies LLC increased its stake in Anthem by 41.4% in the first quarter. Renaissance Technologies LLC now owns 407,200 shares of the company’s stock valued at $56,597,000 after buying an additional 119,300 shares during the period. Finally, Dodge & Cox increased its stake in Anthem by 13.8% in the first quarter. Dodge & Cox now owns 3,382,350 shares of the company’s stock valued at $470,113,000 after buying an additional 408,901 shares during the period. 89.45% of the stock is currently owned by institutional investors and hedge funds.
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.
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