The Traders Sell Humana Inc. (HUM) on Strength After Analyst Downgrade

The Traders Sell Humana Inc. (HUM) on Strength After Analyst Downgrade

Investors sold shares of Humana Inc. (NYSE:HUM) on strength during trading on Friday after Royal Bank Of Canada lowered their price target on the stock from $222.00 to $217.00. $50.62 million flowed into the stock on the tick-up and $92.80 million flowed out of the stock on the tick-down, for a money net flow of $42.18 million out of the stock. Of all companies tracked, Humana had the 0th highest net out-flow for the day. Humana traded up $1.34 for the day and closed at $170.82

HUM has been the subject of several other research reports. Zacks Investment Research raised Humana from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a report on Tuesday, October 4th. Credit Suisse Group AG reissued a “hold” rating on shares of Humana in a report on Tuesday, June 28th. Cantor Fitzgerald reissued a “buy” rating on shares of Humana in a report on Saturday, July 9th. Leerink Swann reissued an “outperform” rating on shares of Humana in a report on Tuesday, June 21st. Finally, Wolfe Research raised Humana to an “outperform” rating and set a $192.00 price objective for the company in a report on Thursday, July 21st. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $200.50.

Institutional investors have recently made changes to their positions in the stock. Daiwa SB Investments Ltd. increased its position in Humana by 1.4% in the third quarter. Daiwa SB Investments Ltd. now owns 730 shares of the insurance provider’s stock worth $129,000 after buying an additional 10 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in Humana by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,684 shares of the insurance provider’s stock worth $1,022,000 after buying an additional 22 shares during the period. Fifth Third Bancorp increased its position in Humana by 0.5% in the second quarter. Fifth Third Bancorp now owns 4,547 shares of the insurance provider’s stock worth $818,000 after buying an additional 23 shares during the period. Savant Capital LLC increased its position in Humana by 1.3% in the second quarter. Savant Capital LLC now owns 2,380 shares of the insurance provider’s stock worth $428,000 after buying an additional 30 shares during the period. Finally, Cleararc Capital Inc. increased its position in Humana by 0.9% in the second quarter. Cleararc Capital Inc. now owns 3,630 shares of the insurance provider’s stock worth $653,000 after buying an additional 31 shares during the period. Institutional investors own 93.24% of the company’s stock.

The stock has a market capitalization of $25.46 billion, a price-to-earnings ratio of 26.24 and a beta of 0.90. The stock has a 50-day moving average price of $175.94 and a 200-day moving average price of $175.74.

Humana (NYSE:HUM) last issued its earnings results on Wednesday, August 3rd. The insurance provider reported $2.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.07. The business earned $14 billion during the quarter, compared to analyst estimates of $13.59 billion. Humana had a return on equity of 11.11% and a net margin of 1.76%. Humana’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. Analysts forecast that Humana Inc. will post $9.24 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 13th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, October 11th. Humana’s dividend payout ratio (DPR) is presently 18.18%.

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