Humana Inc. (NYSE:HUM – Get Rating) gapped down before the market opened on Thursday after TheStreet downgraded the stock from a b rating to a c+ rating. The stock had previously closed at $513.28, but opened at $499.13. Humana shares last traded at $492.19, with a volume of 245,244 shares traded.
A number of other equities analysts have also commented on the stock. Cowen raised their price objective on shares of Humana from $547.00 to $647.00 in a research report on Monday, November 7th. Truist Financial lifted their target price on shares of Humana from $570.00 to $650.00 in a research note on Thursday, November 3rd. Royal Bank of Canada boosted their price objective on shares of Humana from $560.00 to $637.00 and gave the company an "outperform" rating in a research report on Thursday, November 3rd. JPMorgan Chase & Co. dropped their target price on shares of Humana from $630.00 to $625.00 and set an "overweight" rating on the stock in a report on Friday, January 6th. Finally, Cowen upped their price target on shares of Humana from $547.00 to $647.00 in a research note on Monday, November 7th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Humana has an average rating of "Moderate Buy" and an average price target of $608.75.
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Insider Buying and Selling at Humana
In other Humana news, CEO Bruce D. Broussard sold 7,000 shares of the firm's stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $531.92, for a total value of $3,723,440.00. Following the completion of the sale, the chief executive officer now owns 65,602 shares of the company's stock, valued at $34,895,015.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Timothy S. Huval sold 635 shares of Humana stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $497.71, for a total transaction of $316,045.85. Following the completion of the transaction, the insider now directly owns 4,968 shares in the company, valued at $2,472,623.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Bruce D. Broussard sold 7,000 shares of the business's stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $531.92, for a total value of $3,723,440.00. Following the completion of the sale, the chief executive officer now owns 65,602 shares of the company's stock, valued at $34,895,015.84. The disclosure for this sale can be found here. Insiders have sold 22,635 shares of company stock worth $11,565,286 over the last quarter. Insiders own 0.39% of the company's stock.
Institutional Trading of Humana
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Humana by 1.3% during the third quarter. Vanguard Group Inc. now owns 11,181,313 shares of the insurance provider's stock worth $5,425,061,000 after buying an additional 147,619 shares during the last quarter. FMR LLC lifted its stake in Humana by 0.6% during the 2nd quarter. FMR LLC now owns 6,753,633 shares of the insurance provider's stock worth $3,161,173,000 after acquiring an additional 40,087 shares in the last quarter. State Street Corp increased its holdings in Humana by 1.0% during the 3rd quarter. State Street Corp now owns 5,613,554 shares of the insurance provider's stock worth $2,728,012,000 after purchasing an additional 53,899 shares during the period. Bank of New York Mellon Corp increased its holdings in Humana by 63.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,692,255 shares of the insurance provider's stock worth $821,065,000 after purchasing an additional 654,681 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Humana by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,126,002 shares of the insurance provider's stock worth $546,388,000 after purchasing an additional 5,926 shares during the period. 93.38% of the stock is currently owned by hedge funds and other institutional investors.
Humana Trading Down 4.6 %
The company has a market cap of $62.00 billion, a PE ratio of 22.21, a P/E/G ratio of 1.30 and a beta of 0.72. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $511.66 and a two-hundred day simple moving average of $506.00.
Humana (NYSE:HUM – Get Rating) last announced its earnings results on Wednesday, February 1st. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.16. The firm had revenue of $22.44 billion during the quarter, compared to analysts' expectations of $22.45 billion. Humana had a return on equity of 19.99% and a net margin of 3.07%. The business's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. Analysts anticipate that Humana Inc. will post 25.05 EPS for the current year.
Humana Company Profile
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Humana Inc engages in the provision of health insurance services. The firm operates through the following segments: Retail, Group and Specialty and Healthcare Services. The Retail segment consists of products sold on a retail basis to individuals including medical and supplemental plans such as Medicare, and State-based contracts.
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