Eagle Asset Management Inc. Takes Position in Humana Inc (HUM)
Eagle Asset Management Inc. bought a new stake in shares of Humana Inc (NYSE:HUM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,828 shares of the insurance provider’s stock, valued at approximately $1,672,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFG Advisors LP boosted its position in Humana by 4.5% during the 2nd quarter. WFG Advisors LP now owns 469 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 20 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Humana in the 2nd quarter worth $120,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Humana by 139.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 558 shares of the insurance provider’s stock worth $134,000 after purchasing an additional 325 shares in the last quarter. Fiduciary Trust Co. acquired a new stake in shares of Humana in the 2nd quarter worth $135,000. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Humana in the 3rd quarter worth $144,000. 94.19% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on HUM shares. Credit Suisse Group lowered their price objective on Humana from $256.00 to $246.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. ValuEngine cut Humana from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub raised Humana from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Jefferies Group reissued a “hold” rating and issued a $257.00 price objective on shares of Humana in a research report on Friday, October 13th. Finally, BMO Capital Markets raised their price objective on Humana from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Humana currently has an average rating of “Hold” and an average price target of $255.45.
Shares of Humana Inc (NYSE:HUM) traded up $1.06 during mid-day trading on Wednesday, reaching $253.34. The company had a trading volume of 927,700 shares, compared to its average volume of 1,384,502. The stock has a market cap of $36,040.74, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 1.73 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.61 and a quick ratio of 1.61. Humana Inc has a one year low of $186.25 and a one year high of $264.56.
Humana (NYSE:HUM) last issued its earnings results on Wednesday, November 8th. The insurance provider reported $3.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.27 by $0.12. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.41 billion. Humana had a return on equity of 15.99% and a net margin of 3.49%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $3.18 EPS. equities analysts predict that Humana Inc will post 11.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.63%. Humana’s dividend payout ratio (DPR) is 12.59%.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/eagle-asset-management-inc-takes-position-in-humana-inc-hum/1747595.html.
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.
Want to see what other hedge funds are holding HUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Humana Inc (NYSE:HUM).
Receive News & Ratings for Humana Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Humana Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.