Treasurer of the State of North Carolina Purchases 2,340 Shares of Humana Inc. (NYSE:HUM)

Treasurer of the State of North Carolina increased its holdings in Humana Inc. (NYSE:HUM - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,444 shares of the insurance provider's stock after acquiring an additional 2,340 shares during the quarter. Treasurer of the State of North Carolina owned about 0.07% of Humana worth $20,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in shares of Humana during the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC acquired a new stake in Humana during the 4th quarter worth about $30,000. LFA Lugano Financial Advisors SA increased its stake in shares of Humana by 56.3% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 125 shares of the insurance provider's stock worth $32,000 after acquiring an additional 45 shares during the period. OFI Invest Asset Management purchased a new position in shares of Humana during the 4th quarter valued at approximately $33,000. Finally, Atwood & Palmer Inc. raised its position in shares of Humana by 64.5% during the 4th quarter. Atwood & Palmer Inc. now owns 153 shares of the insurance provider's stock worth $39,000 after purchasing an additional 60 shares during the last quarter. 92.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HUM has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Humana from $257.00 to $256.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley dropped their target price on Humana from $301.00 to $285.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Truist Financial increased their price target on shares of Humana from $290.00 to $325.00 and gave the company a "hold" rating in a report on Friday. Piper Sandler increased their target price on shares of Humana from $270.00 to $288.00 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $290.00 price target on shares of Humana in a report on Wednesday, February 12th. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $284.90.

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Humana Trading Up 0.7 %

Shares of HUM stock traded up $1.93 during trading hours on Tuesday, hitting $286.75. 1,145,245 shares of the company were exchanged, compared to its average volume of 1,751,015. The firm has a market cap of $34.61 billion, a PE ratio of 28.82, a PEG ratio of 2.05 and a beta of 0.62. Humana Inc. has a 1 year low of $213.31 and a 1 year high of $406.46. The firm has a fifty day moving average of $265.43 and a 200 day moving average of $270.11. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.68.

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, topping the consensus estimate of ($2.26) by $0.10. Humana had a net margin of 1.02% and a return on equity of 11.70%. Analysts expect that Humana Inc. will post 16.47 earnings per share for the current year.

Humana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, March 28th. Humana's payout ratio is currently 35.58%.

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.