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Anthem NYSE:ANTM Stock Report

Last Price


Market Cap







17 May, 2022


Company Financials +
ANTM fundamental analysis
Snowflake Score
Future Growth1/6
Past Performance5/6
Financial Health6/6

ANTM Stock Overview

Anthem, Inc., through its subsidiaries, operates as a health benefits company in the United States.

Anthem Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Anthem
Historical stock prices
Current Share PriceUS$497.19
52 Week HighUS$533.68
52 Week LowUS$355.43
1 Month Change-3.78%
3 Month Change8.42%
1 Year Change26.37%
3 Year Change79.45%
5 Year Change179.78%
Change since IPO2,331.25%

Recent News & Updates

May 09
Is It Too Late To Consider Buying Anthem, Inc. (NYSE:ANTM)?

Is It Too Late To Consider Buying Anthem, Inc. (NYSE:ANTM)?

Anthem, Inc. ( NYSE:ANTM ) saw a decent share price growth in the teens level on the NYSE over the last few months. As...

Apr 25
Does Anthem (NYSE:ANTM) Have A Healthy Balance Sheet?

Does Anthem (NYSE:ANTM) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

ANTMUS HealthcareUS Market

Return vs Industry: ANTM exceeded the US Healthcare industry which returned 4.8% over the past year.

Return vs Market: ANTM exceeded the US Market which returned -10.8% over the past year.

Price Volatility

Is ANTM's price volatile compared to industry and market?
ANTM volatility
ANTM Average Weekly Movement3.7%
Healthcare Industry Average Movement10.2%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: ANTM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ANTM's weekly volatility (4%) has been stable over the past year.

About the Company

194498,200Gail Boudreaux

Anthem, Inc., through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small groups, individuals, Medicaid, and Medicare markets.

Anthem Fundamentals Summary

How do Anthem's earnings and revenue compare to its market cap?
ANTM fundamental statistics
Market CapUS$119.00b
Earnings (TTM)US$6.24b
Revenue (TTM)US$144.35b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ANTM income statement (TTM)
Cost of RevenueUS$107.16b
Gross ProfitUS$37.19b
Other ExpensesUS$30.95b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)25.90
Gross Margin25.76%
Net Profit Margin4.32%
Debt/Equity Ratio64.5%

How did ANTM perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does ANTM pay a reliable dividends?

See ANTM dividend history and benchmarks
When do you need to buy ANTM by to receive an upcoming dividend?
Anthem dividend dates
Ex Dividend DateJun 09 2022
Dividend Pay DateJun 24 2022
Days until Ex dividend21 days
Days until Dividend pay date36 days

Does ANTM pay a reliable dividends?

See ANTM dividend history and benchmarks


Is Anthem undervalued compared to its fair value and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ANTM ($497.19) is trading below our estimate of fair value ($926.93)

Significantly Below Fair Value: ANTM is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: ANTM's PE Ratio (19.2x) is in line with the US Healthcare industry average.

PE vs Market: ANTM is poor value based on its PE Ratio (19.2x) compared to the US market (15.5x).

Price to Earnings Growth Ratio

PEG Ratio: ANTM is poor value based on its PEG Ratio (1.9x)

Price to Book Ratio

PB vs Industry: ANTM is overvalued based on its PB Ratio (3.3x) compared to the US Healthcare industry average (2.5x).

Future Growth

How is Anthem forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score


Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ANTM's forecast earnings growth (10.3% per year) is above the savings rate (1.9%).

Earnings vs Market: ANTM's earnings (10.3% per year) are forecast to grow slower than the US market (12.5% per year).

High Growth Earnings: ANTM's earnings are forecast to grow, but not significantly.

Revenue vs Market: ANTM's revenue (6.8% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: ANTM's revenue (6.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ANTM's Return on Equity is forecast to be low in 3 years time (18.6%).

Past Performance

How has Anthem performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ANTM has high quality earnings.

Growing Profit Margin: ANTM's current net profit margins (4.3%) are higher than last year (3.8%).

Past Earnings Growth Analysis

Earnings Trend: ANTM's earnings have grown by 11.9% per year over the past 5 years.

Accelerating Growth: ANTM's earnings growth over the past year (32.5%) exceeds its 5-year average (11.9% per year).

Earnings vs Industry: ANTM earnings growth over the past year (32.5%) exceeded the Healthcare industry 9.6%.

Return on Equity

High ROE: ANTM's Return on Equity (17.3%) is considered low.

Financial Health

How is Anthem's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ANTM's short term assets ($53.9B) exceed its short term liabilities ($39.7B).

Long Term Liabilities: ANTM's short term assets ($53.9B) exceed its long term liabilities ($24.7B).

Debt to Equity History and Analysis

Debt Level: ANTM has more cash than its total debt.

Reducing Debt: ANTM's debt to equity ratio has reduced from 70.4% to 64.5% over the past 5 years.

Debt Coverage: ANTM's debt is well covered by operating cash flow (36.1%).

Interest Coverage: ANTM's interest payments on its debt are well covered by EBIT (11.2x coverage).

Balance Sheet


What is Anthem current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Upcoming Dividend Payment

TodayMay 18 2022Ex Dividend DateJun 09 2022Dividend Pay DateJun 24 202215 days from Ex DividendBuy in the next 21 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ANTM's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: ANTM's dividend (1.03%) is low compared to the top 25% of dividend payers in the US market (4.06%).

Stability and Growth of Payments

Stable Dividend: ANTM's dividends per share have been stable in the past 10 years.

Growing Dividend: ANTM's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.2%), ANTM's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (17%), ANTM's dividend payments are well covered by cash flows.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Gail Boudreaux (60 yo)





Ms. Gail Koziara Boudreaux has been an Independent Director at Target Corporation since September 23, 2021. She has been President, Chief Executive Officer and Director of Anthem, Inc. since November 11, 2...

CEO Compensation Analysis

Compensation vs Market: Gail's total compensation ($USD19.35M) is above average for companies of similar size in the US market ($USD13.27M).

Compensation vs Earnings: Gail's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ANTM's management team is seasoned and experienced (5.9 years average tenure).

Board Members

Experienced Board: ANTM's board of directors are considered experienced (8.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: ANTM insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Anthem, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Anthem, Inc.
  • Ticker: ANTM
  • Exchange: NYSE
  • Founded: 1944
  • Industry: Managed Health Care
  • Sector: Healthcare
  • Implied Market Cap: US$118.997b
  • Shares outstanding: 241.08m
  • Website:

Number of Employees


  • Anthem, Inc.
  • 220 Virginia Avenue
  • Indianapolis
  • Indiana
  • 46204
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.