Humana Inc. (NYSE:HUM) VP Timothy S. Huval sold 7,803 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $258.14, for a total transaction of $2,014,266.42. Following the sale, the vice president now owns 8,831 shares of the company’s stock, valued at $2,279,634.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Humana Inc. (HUM) opened at 240.04 on Wednesday. Humana Inc. has a 12 month low of $163.50 and a 12 month high of $259.76. The company has a 50-day moving average of $250.95 and a 200 day moving average of $232.23. The company has a market cap of $34.69 billion, a PE ratio of 19.75 and a beta of 0.87.
Humana (NYSE:HUM) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $3.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.08 by $0.41. Humana had a return on equity of 15.85% and a net margin of 3.37%. The company had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.61 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. On average, analysts anticipate that Humana Inc. will post $11.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, August 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, September 28th. Humana’s payout ratio is 13.06%.
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HUM has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Humana from a “hold” rating to a “buy” rating and set a $260.00 price target on the stock in a report on Thursday, June 1st. Argus raised shares of Humana from a “hold” rating to a “buy” rating and set a $260.00 price target on the stock in a report on Friday, June 9th. BidaskClub raised shares of Humana from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Citigroup Inc. started coverage on shares of Humana in a report on Wednesday, June 28th. They set a “buy” rating and a $275.00 price target on the stock. Finally, Bank of America Corporation raised their price objective on shares of Humana from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Humana presently has a consensus rating of “Buy” and a consensus price target of $244.35.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Federated Investors Inc. PA boosted its holdings in Humana by 608.1% in the second quarter. Federated Investors Inc. PA now owns 34,626 shares of the insurance provider’s stock valued at $8,331,000 after purchasing an additional 29,736 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Humana by 31.6% in the second quarter. Teachers Advisors LLC now owns 630,835 shares of the insurance provider’s stock valued at $151,792,000 after purchasing an additional 151,603 shares during the last quarter. Prisma Capital Partners LP purchased a new position in Humana in the second quarter valued at about $7,122,000. Cipher Capital LP boosted its holdings in Humana by 7.7% in the second quarter. Cipher Capital LP now owns 9,734 shares of the insurance provider’s stock valued at $2,342,000 after purchasing an additional 698 shares during the last quarter. Finally, Creative Planning boosted its holdings in Humana by 0.3% in the second quarter. Creative Planning now owns 4,874 shares of the insurance provider’s stock valued at $1,173,000 after purchasing an additional 15 shares during the last quarter. 95.12% of the stock is owned by hedge funds and other institutional investors.
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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