Humana Inc. (NYSE:HUM) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in Humana Inc. (NYSE:HUM) by 46.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,287 shares of the insurance provider’s stock after buying an additional 13,356 shares during the quarter. Intech Investment Management LLC’s holdings in Humana were worth $19,359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Securities Inc. acquired a new position in Humana in the 4th quarter worth about $25,000. Gradient Investments LLC increased its stake in Humana by 200.0% during the 4th quarter. Gradient Investments LLC now owns 60 shares of the insurance provider’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in Humana during the 4th quarter worth approximately $28,000. Private Wealth Management Group LLC purchased a new stake in Humana during the 4th quarter worth approximately $32,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Humana during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 92.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HUM. Wells Fargo & Company cut their price objective on Humana from $413.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. TD Cowen dropped their price target on Humana from $427.00 to $396.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. UBS Group dropped their price target on Humana from $334.00 to $326.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Barclays dropped their price target on Humana from $356.00 to $310.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 2nd. Finally, Stephens dropped their price target on Humana from $550.00 to $430.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $426.39.

Humana Trading Down 0.8 %

NYSE:HUM traded down $2.92 during trading hours on Friday, reaching $349.30. 1,583,481 shares of the stock were exchanged, compared to its average volume of 1,637,297. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average of $324.36 and a two-hundred day moving average of $370.76. Humana Inc. has a twelve month low of $298.61 and a twelve month high of $530.54. The company has a market capitalization of $42.09 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.05 and a beta of 0.50.

Humana (NYSE:HUM) last announced its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $7.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.12 by $1.11. The business had revenue of $29.61 billion for the quarter, compared to analysts’ expectations of $28.52 billion. Humana had a return on equity of 17.76% and a net margin of 1.82%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned $9.38 earnings per share. On average, equities analysts predict that Humana Inc. will post 16.18 EPS for the current year.

Humana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be paid a $0.885 dividend. This represents a $3.54 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, June 28th. Humana’s payout ratio is currently 22.04%.

Humana Profile

Humana Inc, together with its subsidiaries, provides medical and specialty insurance products in the United States. It operates through two segments, Insurance and CenterWell. The company offers medical and supplemental benefit plans to individuals. It has a contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits.