Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 2,590 Shares of Humana Inc (HUM)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in Humana Inc (NYSE:HUM) by 10.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 21,959 shares of the insurance provider’s stock after selling 2,590 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Humana were worth $5,284,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of HUM. Guardian Life Insurance Co. of America boosted its stake in Humana by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 575 shares of the insurance provider’s stock worth $119,000 after buying an additional 4 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in Humana by 22.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 519 shares of the insurance provider’s stock worth $125,000 after buying an additional 94 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in Humana during the first quarter worth approximately $128,000. Westbourne Investment Advisors Inc. purchased a new stake in Humana during the second quarter worth approximately $205,000. Finally, Hengehold Capital Management LLC purchased a new stake in Humana during the second quarter worth approximately $209,000. Hedge funds and other institutional investors own 99.66% of the company’s stock.
Humana Inc (NYSE:HUM) opened at 249.99 on Friday. The company has a 50 day moving average of $239.62 and a 200-day moving average of $222.88. Humana Inc has a 12-month low of $163.50 and a 12-month high of $255.27. The stock has a market capitalization of $36.13 billion, a price-to-earnings ratio of 20.57 and a beta of 0.91.
Humana (NYSE:HUM) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $3.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.08 by $0.41. Humana had a return on equity of 24.61% and a net margin of 4.80%. The firm had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.61 billion. During the same period in the prior year, the company earned $2.30 EPS. On average, equities research analysts forecast that Humana Inc will post $11.55 earnings per share for the current year.
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HUM has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Humana from a “hold” rating to a “buy” rating and set a $256.00 target price on the stock in a research note on Monday, May 8th. Argus upgraded shares of Humana from a “hold” rating to a “buy” rating and set a $260.00 target price on the stock in a research note on Friday, June 9th. BidaskClub upgraded shares of Humana from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Citigroup Inc. initiated coverage on shares of Humana in a research note on Wednesday, June 28th. They set a “buy” rating and a $275.00 target price on the stock. Finally, Bank of America Corporation raised their target price on shares of Humana from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $243.65.
In related news, VP Heidi S. Margulis sold 1,500 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $231.96, for a total value of $347,940.00. Following the completion of the transaction, the vice president now directly owns 8,150 shares of the company’s stock, valued at approximately $1,890,474. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian P. Leclaire sold 4,971 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $240.00, for a total value of $1,193,040.00. Following the completion of the transaction, the senior vice president now directly owns 14,258 shares of the company’s stock, valued at $3,421,920. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.
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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