Humana Inc. $HUM Position Boosted by Tidal Investments LLC

Tidal Investments LLC increased its position in Humana Inc. (NYSE:HUM) by 24.5% in the second quarter, Holdings Channel reports. The firm owned 470,587 shares of the insurance provider’s stock after purchasing an additional 92,496 shares during the quarter. Tidal Investments LLC’s holdings in Humana were worth $186,927,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HUM. Johnson Financial Group Inc. acquired a new position in Humana in the second quarter worth $26,000. Trust Co. of Vermont bought a new position in shares of Humana in the 2nd quarter worth about $28,000. Bogart Wealth LLC boosted its holdings in shares of Humana by 192.0% in the 2nd quarter. Bogart Wealth LLC now owns 73 shares of the insurance provider’s stock valued at $29,000 after buying an additional 48 shares during the period. MidFirst Bank acquired a new position in shares of Humana in the 2nd quarter valued at about $35,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Humana during the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 92.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HUM shares. Robert W. Baird set a $390.00 target price on shares of Humana in a report on Thursday, July 30th. Leerink Partners upgraded Humana from a “market perform” rating to an “outperform” rating and set a $513.00 price target on the stock in a research report on Thursday, July 30th. Truist Financial raised their price target on Humana from $320.00 to $415.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Raymond James Financial lowered Humana from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group upgraded Humana from a “buy” rating to a “buy” rating in a research note on Wednesday, May 20th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Humana has a consensus rating of “Hold” and an average target price of $403.91.

Humana Stock Performance

Shares of NYSE HUM opened at $401.06 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $388.61 and a 200-day simple moving average of $301.31. The company has a market cap of $48.16 billion, a PE ratio of 37.94, a P/E/G ratio of 2.64 and a beta of 0.74. Humana Inc. has a 12-month low of $163.11 and a 12-month high of $428.88.

Humana (NYSE:HUM) last posted its earnings results on Wednesday, July 29th. The insurance provider reported $7.61 EPS for the quarter, beating the consensus estimate of $7.27 by $0.34. The firm had revenue of $40.89 billion for the quarter, compared to analysts’ expectations of $40.58 billion. Humana had a return on equity of 11.20% and a net margin of 0.88%.The firm’s revenue was up 26.2% compared to the same quarter last year. During the same period last year, the firm earned $6.27 EPS. On average, equities research analysts forecast that Humana Inc. will post 9 EPS for the current year.

Humana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 30th. Humana’s dividend payout ratio (DPR) is 33.49%.

About Humana

Humana Inc (NYSE:HUM) is a U.S.-based health insurance and health care services company focused primarily on government-sponsored programs. Its offerings include Medicare Advantage plans, Medicare prescription drug plans, Medicaid coverage and specialty insurance products, serving individuals, employers and government organizations.

Through its CenterWell business, Humana also provides senior-focused primary care, pharmacy services and home health care. These operations are designed to support coordinated care for older adults and other members with ongoing health care needs.

Humana was founded in 1961 as a nursing-home company and later expanded into hospital ownership before shifting its focus toward health insurance.