Highbridge Capital Management LLC Has $21.33 Million Holdings in Humana Inc (HUM)
Highbridge Capital Management LLC lifted its position in Humana Inc (NYSE:HUM) by 83.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,570 shares of the insurance provider’s stock after buying an additional 39,946 shares during the quarter. Highbridge Capital Management LLC owned about 0.06% of Humana worth $21,334,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. WFG Advisors LP lifted its stake in shares of Humana by 4.5% in the second quarter. WFG Advisors LP now owns 469 shares of the insurance provider’s stock worth $113,000 after buying an additional 20 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Humana during the 2nd quarter valued at $120,000. Northwestern Mutual Wealth Management Co. raised its stake in Humana by 139.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 558 shares of the insurance provider’s stock valued at $134,000 after purchasing an additional 325 shares during the last quarter. Fiduciary Trust Co. bought a new stake in Humana in the 2nd quarter valued at $135,000. Finally, ClariVest Asset Management LLC bought a new stake in Humana in the 3rd quarter valued at $144,000. Institutional investors and hedge funds own 94.19% of the company’s stock.
Shares of Humana Inc (HUM) traded up $2.59 during trading hours on Monday, reaching $256.49. 985,100 shares of the company’s stock were exchanged, compared to its average volume of 1,380,953. Humana Inc has a 12-month low of $186.25 and a 12-month high of $264.56. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The company has a market cap of $36,642.18, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.76 and a beta of 0.88.
Humana (NYSE:HUM) last issued its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.12. Humana had a net margin of 3.49% and a return on equity of 15.99%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.41 billion. During the same quarter in the prior year, the firm earned $3.18 EPS. The company’s revenue was down 3.0% on a year-over-year basis. analysts expect that Humana Inc will post 11.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, December 28th. Humana’s dividend payout ratio is currently 12.59%.
Several brokerages have issued reports on HUM. Credit Suisse Group began coverage on shares of Humana in a report on Thursday, November 2nd. They issued a “neutral” rating and a $256.00 price target on the stock. Zacks Investment Research lowered shares of Humana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub lowered shares of Humana from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Morgan Stanley lowered their price target on shares of Humana from $276.00 to $270.00 and set an “overweight” rating on the stock in a report on Thursday, November 9th. Finally, Cowen reaffirmed an “outperform” rating and issued a $275.00 target price (up previously from $230.00) on shares of Humana in a report on Wednesday, September 20th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $255.80.
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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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