Commonwealth Bank of Australia Has $5.14 Million Position in Humana Inc (HUM)
Commonwealth Bank of Australia boosted its stake in Humana Inc (NYSE:HUM) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,112 shares of the insurance provider’s stock after purchasing an additional 796 shares during the quarter. Commonwealth Bank of Australia’s holdings in Humana were worth $5,138,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HUM. WFG Advisors LP grew its position in Humana by 4.5% in the second quarter. WFG Advisors LP now owns 469 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 20 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Humana in the second quarter valued at about $120,000. Northwestern Mutual Wealth Management Co. grew its position in Humana by 139.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 558 shares of the insurance provider’s stock valued at $134,000 after acquiring an additional 325 shares during the last quarter. Fiduciary Trust Co. bought a new position in Humana in the second quarter valued at about $135,000. Finally, ClariVest Asset Management LLC bought a new position in Humana in the third quarter valued at about $144,000. 94.18% of the stock is owned by institutional investors and hedge funds.
HUM has been the topic of a number of recent analyst reports. ValuEngine upgraded Humana from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Humana from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a research report on Tuesday, October 3rd. BidaskClub upgraded Humana from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Deutsche Bank lifted their target price on Humana from $234.00 to $243.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Finally, Jefferies Group reiterated a “hold” rating and issued a $257.00 target price on shares of Humana in a research report on Friday, August 4th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Humana currently has an average rating of “Hold” and a consensus target price of $252.81.
Humana Inc (NYSE:HUM) traded down $2.33 during trading hours on Friday, hitting $258.53. The stock had a trading volume of 1,370,699 shares, compared to its average volume of 1,381,662. The company has a market capitalization of $37,270.00, a PE ratio of 20.84, a P/E/G ratio of 1.68 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 1.61. Humana Inc has a 52 week low of $186.25 and a 52 week high of $264.56.
Humana (NYSE:HUM) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $3.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.27 by $0.12. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.41 billion. Humana had a return on equity of 15.99% and a net margin of 3.49%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.18 earnings per share. equities analysts forecast that Humana Inc will post 11.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, December 28th. Humana’s dividend payout ratio (DPR) is currently 12.60%.
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Humana Inc is a health and well-being company. The Company’s segments include Retail, Group and Specialty, Healthcare Services and Individual Commercial. The Retail segment consists of Medicare benefits, as well as individual commercial fully insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products.
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