Humana Inc. $HUM Stock Sold by Howard Capital Management LLC

Howard Capital Management LLC reduced its holdings in Humana Inc. (NYSE:HUM) by 92.9% in the 3rd quarter, Holdings Channel reports. The fund owned 792 shares of the insurance provider’s stock after selling 10,355 shares during the quarter. Howard Capital Management LLC’s holdings in Humana were worth $302,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Johnson Financial Group Inc. bought a new position in shares of Humana during the 2nd quarter valued at about $26,000. Trust Co. of Vermont acquired a new position in shares of Humana in the 2nd quarter valued at approximately $28,000. Reflection Asset Management bought a new stake in Humana during the 4th quarter worth approximately $29,000. Bogart Wealth LLC increased its stake in Humana by 192.0% during the 2nd quarter. Bogart Wealth LLC now owns 73 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 48 shares in the last quarter. Finally, MidFirst Bank bought a new stake in Humana during the 2nd quarter worth approximately $35,000. 92.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on HUM. Oppenheimer raised their target price on shares of Humana from $475.00 to $525.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Lake Street Capital initiated coverage on shares of Humana in a research report on Thursday, July 30th. They set a “buy” rating for the company. Morgan Stanley upgraded shares of Humana from an “underweight” rating to an “overweight” rating in a report on Friday, October 9th. Piper Sandler upgraded shares of Humana from a “hold” rating to an “overweight” rating and set a $463.00 price objective on the stock in a report on Thursday, July 30th. Finally, Leerink Partners raised shares of Humana from a “market perform” rating to an “outperform” rating and set a $513.00 price objective on the stock in a research report on Thursday, July 30th. Twenty-one analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $453.30.

Humana Stock Down 4.5%

NYSE:HUM opened at $412.78 on Friday. The stock has a 50-day simple moving average of $394.10 and a 200 day simple moving average of $342.41. Humana Inc. has a 52-week low of $163.11 and a 52-week high of $456.50. The company has a market cap of $49.57 billion, a PE ratio of 39.05, a PEG ratio of 2.54 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

Humana (NYSE:HUM) last released its earnings results on Wednesday, July 29th. The insurance provider reported $7.61 EPS for the quarter, beating the consensus estimate of $7.27 by $0.34. Humana had a return on equity of 11.20% and a net margin of 0.88%. The firm had revenue of $40.89 billion for the quarter, compared to analysts’ expectations of $40.58 billion. During the same quarter in the previous year, the business posted $6.27 EPS. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. On average, sell-side analysts expect that Humana Inc. will post 9.03 EPS for the current fiscal year.

Humana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, October 30th will be issued a $0.8850 dividend. The ex-dividend date is Friday, October 30th. This represents a $3.54 dividend on an annualized basis and a dividend yield of 0.9%. Humana’s dividend payout ratio (DPR) is 33.49%.

Humana Profile

Humana Inc is a health and well-being company headquartered in Louisville, Kentucky. Founded in 1961, the company began as a nursing home operator before expanding into hospitals and health insurance. Today, Humana primarily provides health insurance products and healthcare services for older adults, individuals, military families and other members in the United States.

Humana’s insurance business offers Medicare Advantage, Medicare Supplement and prescription drug plans, as well as Medicaid coverage in select markets.