Elo Mutual Pension Insurance Co Cuts Stock Holdings in Humana Inc. $HUM

Elo Mutual Pension Insurance Co decreased its position in Humana Inc. (NYSE:HUM) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,546 shares of the insurance provider’s stock after selling 2,218 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Humana were worth $3,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HUM. Cary Street Partners Investment Advisory LLC grew its position in Humana by 63.9% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 118 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 46 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Humana in the 1st quarter worth approximately $37,000. AlphaCore Capital LLC bought a new position in shares of Humana in the second quarter valued at approximately $39,000. CVA Family Office LLC increased its position in shares of Humana by 63.4% during the second quarter. CVA Family Office LLC now owns 219 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 85 shares during the last quarter. Finally, Traub Capital Management LLC bought a new stake in Humana during the second quarter worth $61,000. Hedge funds and other institutional investors own 92.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HUM. Mizuho upped their price objective on Humana from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Wall Street Zen lowered shares of Humana from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada increased their target price on shares of Humana from $283.00 to $322.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Wells Fargo & Company raised their price target on shares of Humana from $344.00 to $347.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Humana in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $295.94.

Humana Stock Up 3.3%

Shares of NYSE HUM opened at $245.73 on Thursday. The business has a 50-day simple moving average of $263.71 and a two-hundred day simple moving average of $256.78. Humana Inc. has a 52 week low of $206.87 and a 52 week high of $315.35. The company has a market cap of $29.55 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.71 and a beta of 0.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.69.

Humana (NYSE:HUM) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.95 by $0.29. Humana had a net margin of 1.28% and a return on equity of 13.67%. The business had revenue of $32.65 billion for the quarter, compared to analyst estimates of $31.99 billion. During the same quarter in the prior year, the firm posted $4.16 EPS. Humana’s revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that Humana Inc. will post 16.47 earnings per share for the current fiscal year.

Humana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, December 26th will be paid a dividend of $0.885 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $3.54 annualized dividend and a yield of 1.4%. Humana’s dividend payout ratio (DPR) is currently 33.18%.

About Humana

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.