Today: Humana Inc. (HUM) Receives Consensus Rating of “Buy” from Analysts

Today: Humana Inc. (HUM) Receives Consensus Rating of “Buy” from Analysts

Humana Inc. (NYSE:HUM) has earned a consensus recommendation of “Buy” from the seventeen analysts that are currently covering the firm. Five equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $200.83.

A number of equities research analysts recently weighed in on the stock. Argus restated a “hold” rating on shares of Humana in a report on Tuesday, August 23rd. Cantor Fitzgerald restated a “buy” rating on shares of Humana in a report on Monday, August 8th. Zacks Investment Research lowered shares of Humana from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Evercore ISI assumed coverage on shares of Humana in a research note on Thursday, September 22nd. They issued a “buy” rating and a $200.00 price objective for the company. Finally, Barclays PLC decreased their price objective on shares of Humana from $193.00 to $191.00 and set an “equal weight” rating for the company in a research note on Thursday, August 4th.

A number of hedge funds and other institutional investors have recently made changes to their positions in HUM. Bank of Montreal Can purchased a new position in shares of Humana during the second quarter valued at approximately $14,049,000. Retirement Systems of Alabama increased its position in shares of Humana by 0.7% in the second quarter. Retirement Systems of Alabama now owns 75,981 shares of the insurance provider’s stock valued at $13,667,000 after buying an additional 531 shares during the last quarter. Advisor Partners LLC increased its position in shares of Humana by 3.3% in the second quarter. Advisor Partners LLC now owns 2,283 shares of the insurance provider’s stock valued at $411,000 after buying an additional 72 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in shares of Humana by 3.7% in the second quarter. Zurich Insurance Group Ltd FI now owns 20,144 shares of the insurance provider’s stock valued at $3,624,000 after buying an additional 724 shares during the last quarter. Finally, Hermes Investment Management Ltd. increased its position in shares of Humana by 8.6% in the second quarter. Hermes Investment Management Ltd. now owns 208,145 shares of the insurance provider’s stock valued at $37,441,000 after buying an additional 16,500 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Humana (NYSE:HUM) traded up 0.03% during midday trading on Monday, hitting $207.95. The stock had a trading volume of 949,146 shares. The company has a market cap of $31.01 billion, a price-to-earnings ratio of 28.12 and a beta of 0.80. The stock’s 50-day moving average price is $182.00 and its 200 day moving average price is $177.35. Humana has a 52 week low of $150.00 and a 52 week high of $210.30.

Humana (NYSE:HUM) last posted its earnings results on Friday, November 4th. The insurance provider reported $3.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.09 by $0.09. Humana had a net margin of 2.00% and a return on equity of 12.32%. The company had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.41 billion. During the same quarter in the prior year, the business posted $2.16 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Humana will post $9.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, January 12th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.56%. The ex-dividend date is Tuesday, January 10th. Humana’s payout ratio is 15.96%.

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