The Cantor Fitzgerald Analysts Give Anthem Inc. (ANTM) a $125.00 Price Target

The Cantor Fitzgerald Analysts Give Anthem Inc. (ANTM) a $125.00 Price Target

Anthem Inc. (NYSE:ANTM) received a $125.00 target price from investment analysts at Cantor Fitzgerald in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. Cantor Fitzgerald’s target price suggests a potential downside of 13.64% from the stock’s previous close.

Several other research firms have also issued reports on ANTM. Jefferies Group dropped their price target on shares of Anthem from $157.00 to $156.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. Barclays PLC dropped their price target on shares of Anthem from $158.00 to $151.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. Citigroup Inc. dropped their price target on shares of Anthem from $172.00 to $162.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. FBR & Co reissued a “market perform” rating and issued a $155.00 price target on shares of Anthem in a research report on Monday, August 15th. Finally, Zacks Investment Research lowered shares of Anthem from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $158.39.

Shares of Anthem (NYSE:ANTM) traded up 0.78% during trading on Wednesday, hitting $144.74. The stock had a trading volume of 1,231,477 shares. The stock’s 50-day moving average price is $127.61 and its 200 day moving average price is $129.41. Anthem has a one year low of $114.85 and a one year high of $148.00. The stock has a market cap of $38.13 billion, a price-to-earnings ratio of 16.99 and a beta of 0.57.

Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $2.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.47 by $0.02. Anthem had a net margin of 2.74% and a return on equity of 11.64%. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.77 billion. During the same quarter last year, the company earned $2.73 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, equities analysts forecast that Anthem will post $10.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $2.60 annualized dividend and a dividend yield of 1.80%. Anthem’s dividend payout ratio (DPR) is currently 30.52%.

In other news, insider Joseph Swedish sold 24,513 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $131.48, for a total transaction of $3,222,969.24. Following the sale, the insider now directly owns 87,381 shares of the company’s stock, valued at $11,488,853.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald W. Penczek sold 820 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $138.29, for a total transaction of $113,397.80. Following the sale, the senior vice president now directly owns 1,320 shares in the company, valued at $182,542.80. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ANTM. NEXT Financial Group Inc boosted its position in shares of Anthem by 51.2% in the third quarter. NEXT Financial Group Inc now owns 803 shares of the company’s stock worth $101,000 after buying an additional 272 shares during the last quarter. Financial Architects Inc boosted its position in shares of Anthem by 2.7% in the second quarter. Financial Architects Inc now owns 839 shares of the company’s stock worth $111,000 after buying an additional 22 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Anthem by 21.4% in the second quarter. Integrated Investment Consultants LLC now owns 850 shares of the company’s stock worth $112,000 after buying an additional 150 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Anthem by 50.6% in the second quarter. Global X Management Co. LLC now owns 920 shares of the company’s stock worth $121,000 after buying an additional 309 shares during the last quarter. Finally, New York Life Trust Co. boosted its position in shares of Anthem by 2.0% in the third quarter. New York Life Trust Co. now owns 975 shares of the company’s stock worth $122,000 after buying an additional 19 shares during the last quarter. 89.13% of the stock is currently owned by institutional investors and hedge funds.

Anthem Company Profile

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