Anthem (ANTM) Earning Favorable News Coverage, Analysis Shows
News coverage about Anthem (NYSE:ANTM) has trended positive on Friday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Anthem earned a news impact score of 0.29 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.5179555865537 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- UnitedHealth’s Q4 Earnings to Benefit From Higher Enrollment (finance.yahoo.com)
- 5 HMO Stocks to Continue Rewarding Investors (finance.yahoo.com)
- Anthem Inc (ANTM) Reaches Active Mover List (-0.17%) – SCY News (scynews.com)
- Anthem Inc (ANTM) EVP Sells $3,314,052.72 in Stock (americanbankingnews.com)
- Anthem Reaches Analyst Target Price (nasdaq.com)
A number of analysts have recently weighed in on the stock. Jefferies Group raised shares of Anthem from a “hold” rating to a “buy” rating and cut their price target for the stock from $235.00 to $211.00 in a report on Friday. Royal Bank of Canada reissued a “buy” rating on shares of Anthem in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a research note on Wednesday, January 3rd. Goldman Sachs Group started coverage on shares of Anthem in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $243.00 price objective for the company. Finally, Piper Jaffray Companies raised shares of Anthem from a “neutral” rating to an “overweight” rating and set a $151.00 price objective for the company in a research note on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Anthem currently has a consensus rating of “Buy” and an average target price of $205.60.
Shares of Anthem (ANTM) traded up $4.82 during trading hours on Friday, reaching $239.82. 1,916,549 shares of the company traded hands, compared to its average volume of 1,419,989. The company has a market cap of $61,580.00, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.70 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51. Anthem has a fifty-two week low of $144.44 and a fifty-two week high of $240.40.
Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the company posted $2.45 EPS. The company’s revenue was up 4.6% on a year-over-year basis. equities analysts predict that Anthem will post 11.97 earnings per share for the current fiscal year.
Anthem declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.17%. The ex-dividend date was Monday, December 4th. Anthem’s dividend payout ratio (DPR) is currently 25.32%.
In other Anthem news, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $209.85, for a total value of $4,433,081.25. Following the completion of the transaction, the insider now directly owns 87,668 shares in the company, valued at approximately $18,397,129.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Ronald W. Penczek sold 978 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total transaction of $212,636.76. Following the completion of the transaction, the senior vice president now owns 1,222 shares of the company’s stock, valued at $265,687.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,259 shares of company stock valued at $13,194,281. Corporate insiders own 0.36% of the company’s stock.
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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