Canada Post Corp Registered Pension Plan acquired a new position in Humana Inc. (NYSE:HUM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,068 shares of the insurance provider's stock, valued at approximately $271,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HUM. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Humana by 3.6% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,070 shares of the insurance provider's stock worth $272,000 after buying an additional 37 shares in the last quarter. Atlas Brown Inc. grew its stake in shares of Humana by 0.6% in the 4th quarter. Atlas Brown Inc. now owns 6,352 shares of the insurance provider's stock worth $1,611,000 after purchasing an additional 38 shares during the last quarter. Mather Group LLC. lifted its stake in Humana by 21.0% during the fourth quarter. Mather Group LLC. now owns 236 shares of the insurance provider's stock valued at $60,000 after purchasing an additional 41 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Humana by 26.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 208 shares of the insurance provider's stock worth $53,000 after buying an additional 43 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. grew its position in Humana by 4.7% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 966 shares of the insurance provider's stock worth $245,000 after buying an additional 43 shares during the last quarter. 92.38% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on HUM shares. Cantor Fitzgerald reissued a "neutral" rating and set a $290.00 price objective on shares of Humana in a research note on Wednesday, February 12th. Guggenheim initiated coverage on Humana in a report on Wednesday, April 9th. They set a "buy" rating and a $326.00 price objective on the stock. Barclays lifted their target price on shares of Humana from $270.00 to $322.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Robert W. Baird raised their price objective on shares of Humana from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Finally, Piper Sandler increased their target price on Humana from $270.00 to $288.00 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Seventeen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $284.90.
Read Our Latest Analysis on HUM
Humana Stock Performance
Shares of NYSE HUM traded up $8.79 during trading hours on Tuesday, hitting $254.70. 239,118 shares of the stock were exchanged, compared to its average volume of 1,754,903. The firm has a market capitalization of $30.74 billion, a P/E ratio of 25.57, a P/E/G ratio of 2.05 and a beta of 0.62. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.76. Humana Inc. has a one year low of $213.31 and a one year high of $406.46. The company's 50 day moving average is $265.62 and its 200 day moving average is $270.27.
Humana (NYSE:HUM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported ($2.16) earnings per share for the quarter, beating the consensus estimate of ($2.26) by $0.10. Humana had a return on equity of 11.70% and a net margin of 1.02%. On average, research analysts expect that Humana Inc. will post 16.47 EPS for the current year.
Humana Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, June 27th will be paid a $0.885 dividend. This represents a $3.54 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, June 27th. Humana's dividend payout ratio (DPR) is currently 35.58%.
About Humana
(
Free Report)
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.
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