Anthem (NYSE:ANTM) released its quarterly earnings data on Wednesday. The company reported $9.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.77 by $0.43, MarketWatch Earnings reports. The business had revenue of $29.20 billion for the quarter, compared to the consensus estimate of $29.37 billion. Anthem had a net margin of 5.24% and a return on equity of 19.44%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.64 earnings per share. Anthem updated its FY 2020
Pre-Market guidance to 22.30 EPS.

ANTM stock opened at $273.80 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.53 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $264.60 and its 200 day moving average is $268.06. The stock has a market cap of $69.72 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95. Anthem has a 1-year low of $171.03 and a 1-year high of $309.10.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, September 9th. Anthem’s dividend payout ratio (DPR) is 19.55%.

Several equities research analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Anthem from $319.00 to $331.00 and gave the company an “outperform” rating in a report on Thursday. SunTrust Banks upped their price target on Anthem from $280.00 to $320.00 and gave the company a “hold” rating in a research report on Thursday, May 21st. ValuEngine cut Anthem from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Jefferies Financial Group upped their price target on Anthem from $271.00 to $281.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $360.00 price target on shares of Anthem in a research report on Tuesday, June 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $333.50.

In other Anthem news, EVP Gloria M. Mccarthy sold 18,261 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $276.11, for a total transaction of $5,042,044.71. Following the transaction, the executive vice president now directly owns 60,360 shares in the company, valued at $16,665,999.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert L. Dixon, Jr. sold 1,102 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $284.59, for a total transaction of $313,618.18. Following the transaction, the director now owns 9,568 shares in the company, valued at $2,722,957.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,465 shares of company stock worth $5,667,815. 0.22% of the stock is owned by company insiders.

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: Buy-Side Analysts

Earnings History for Anthem (NYSE:ANTM)

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