SunTrust Banks Boosts Anthem (ANTM) Price Target to $315.00

Anthem (NYSE:ANTM) had its target price lifted by SunTrust Banks to $315.00 in a research report sent to investors on Thursday morning, The Fly reports. SunTrust Banks currently has a hold rating on the stock. SunTrust Banks also issued estimates for Anthem’s Q4 2018 earnings at $2.18 EPS, FY2018 earnings at $15.65 EPS, Q1 2019 earnings at $5.98 EPS, Q2 2019 earnings at $4.92 EPS, Q3 2019 earnings at $4.27 EPS, Q4 2019 earnings at $2.42 EPS and FY2019 earnings at $17.60 EPS.

Several other equities research analysts have also issued reports on ANTM. Cantor Fitzgerald reaffirmed a buy rating and set a $275.00 target price on shares of Anthem in a research report on Thursday, October 25th. Morgan Stanley raised their target price on Anthem from $368.00 to $372.00 and gave the company an overweight rating in a research report on Thursday. Barclays reaffirmed an overweight rating and set a $300.00 target price (up from $270.00) on shares of Anthem in a research report on Thursday. BMO Capital Markets lifted their price objective on Anthem from $300.00 to $310.00 and gave the stock a buy rating in a report on Thursday. Finally, Jefferies Financial Group reissued a buy rating and issued a $296.00 price objective on shares of Anthem in a report on Thursday, July 26th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $284.06.

Shares of Anthem stock opened at $268.00 on Thursday. Anthem has a 1 year low of $209.25 and a 1 year high of $283.06. The firm has a market cap of $69.32 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86. The company has a quick ratio of 1.52, a current ratio of 1.53 and a debt-to-equity ratio of 0.59.

Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.11. Anthem had a return on equity of 13.99% and a net margin of 4.98%. The firm had revenue of $22.98 billion during the quarter, compared to analyst estimates of $22.85 billion. During the same period last year, the firm posted $2.65 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. Equities analysts expect that Anthem will post 15.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, December 5th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, December 4th. Anthem’s dividend payout ratio (DPR) is currently 24.92%.

In other news, CAO Ronald W. Penczek sold 763 shares of Anthem stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $265.56, for a total transaction of $202,622.28. Following the completion of the sale, the chief accounting officer now owns 1,334 shares in the company, valued at approximately $354,257.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Julie A. Hill sold 248 shares of Anthem stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $267.01, for a total value of $66,218.48. Following the sale, the director now owns 34,827 shares of the company’s stock, valued at approximately $9,299,157.27. The disclosure for this sale can be found here. In the last three months, insiders sold 15,447 shares of company stock valued at $4,143,846. 0.31% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Anthem in the 3rd quarter worth approximately $108,000. Legacy Advisors LLC purchased a new position in Anthem in the 3rd quarter worth approximately $113,000. Flagship Harbor Advisors LLC purchased a new position in Anthem in the 2nd quarter worth approximately $120,000. JNBA Financial Advisors purchased a new position in Anthem in the 3rd quarter worth approximately $134,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in Anthem in the 3rd quarter worth approximately $140,000. Institutional investors own 86.85% of the company’s stock.

About Anthem

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

The Fly

Analyst Recommendations for Anthem (NYSE:ANTM)

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