1ST Source Bank raised its position in shares of Humana Inc. (NYSE:HUM) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 1,532 shares of the insurance provider’s stock after buying an additional 70 shares during the period. 1ST Source Bank’s holdings in Humana were worth $276,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HUM. Virginia Retirement System purchased a new stake in Humana during the first quarter worth about $440,000. Bessemer Group Inc. raised its stake in Humana by 392.6% in the first quarter. Bessemer Group Inc. now owns 1,000 shares of the insurance provider’s stock worth $183,000 after buying an additional 797 shares in the last quarter. Spark Investment Management LLC purchased a new stake in Humana during the first quarter worth about $274,000. Aviva PLC raised its stake in Humana by 1.9% in the first quarter. Aviva PLC now owns 86,580 shares of the insurance provider’s stock worth $15,840,000 after buying an additional 1,632 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Humana by 73.5% in the first quarter. Canada Pension Plan Investment Board now owns 174,192 shares of the insurance provider’s stock worth $31,868,000 after buying an additional 73,800 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
Humana Inc. (NYSE:HUM) traded up 2.25% during midday trading on Tuesday, reaching $173.72. 408,161 shares of the company traded hands. The company has a market cap of $25.90 billion, a price-to-earnings ratio of 26.69 and a beta of 0.90. Humana Inc. has a 12-month low of $150.00 and a 12-month high of $191.65. The company has a 50-day moving average price of $175.73 and a 200-day moving average price of $175.51.
Humana (NYSE:HUM) last issued its earnings results on Wednesday, August 3rd. The insurance provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $1.67 earnings per share. On average, analysts predict that Humana Inc. will post $9.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 13th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, October 11th. This represents a $1.16 annualized dividend and a yield of 0.68%. Humana’s dividend payout ratio is currently 18.18%.
A number of research firms have recently issued reports on HUM. Cantor Fitzgerald reiterated a “buy” rating on shares of Humana in a research note on Saturday, July 9th. RBC Capital Markets reiterated a “buy” rating and set a $224.00 price objective (up previously from $220.00) on shares of Humana in a research note on Friday, July 22nd. Jefferies Group dropped their price objective on shares of Humana from $220.00 to $217.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Royal Bank Of Canada dropped their price objective on shares of Humana from $222.00 to $217.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 13th. Finally, Susquehanna reiterated a “neutral” rating and set a $180.00 price objective on shares of Humana in a research note on Thursday, October 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $200.50.
Humana Company Profile
Humana Inc is a health and well-being company. The Company’s segments include Retail, Group, Healthcare Services and Other Businesses. The Retail segment consists of Medicare benefits, marketed to individuals or directly via group accounts, as well as individual commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products.