Humana (HUM) PT Raised to $355.00 at BMO Capital Markets

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Humana (NYSE:HUM) had its price objective hoisted by BMO Capital Markets from $328.00 to $355.00 in a research report released on Monday morning. BMO Capital Markets currently has an outperform rating on the insurance provider’s stock.

A number of other analysts have also recently weighed in on HUM. Zacks Investment Research raised shares of Humana from a hold rating to a buy rating and set a $326.00 price objective on the stock in a report on Monday, May 21st. Oppenheimer increased their price objective on shares of Humana from $305.00 to $311.00 and gave the stock an outperform rating in a report on Thursday, May 3rd. Piper Jaffray Companies reaffirmed a buy rating and issued a $313.00 price objective on shares of Humana in a report on Wednesday, April 4th. Citigroup reaffirmed a buy rating and issued a $340.00 price objective (up previously from $280.00) on shares of Humana in a report on Friday, June 1st. Finally, ValuEngine cut shares of Humana from a buy rating to a hold rating in a report on Saturday, June 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Humana presently has a consensus rating of Buy and an average price target of $286.83.

HUM stock opened at $296.99 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 1.55. Humana has a fifty-two week low of $229.84 and a fifty-two week high of $309.18. The stock has a market capitalization of $40.86 billion, a P/E ratio of 25.36, a PEG ratio of 1.54 and a beta of 0.92.

Humana (NYSE:HUM) last released its quarterly earnings data on Wednesday, May 2nd. The insurance provider reported $3.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.21 by $0.15. Humana had a net margin of 3.36% and a return on equity of 16.74%. The business had revenue of $14.28 billion for the quarter, compared to analysts’ expectations of $14.22 billion. During the same quarter last year, the company earned $2.75 EPS. research analysts forecast that Humana will post 13.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, June 28th. This represents a $2.00 annualized dividend and a yield of 0.67%. Humana’s payout ratio is 17.08%.

In other news, insider Jody L. Bilney sold 27,461 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $306.46, for a total transaction of $8,415,698.06. Following the completion of the transaction, the insider now owns 11,467 shares in the company, valued at approximately $3,514,176.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Heidi S. Margulis sold 20,621 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $285.90, for a total transaction of $5,895,543.90. Following the transaction, the insider now owns 9,220 shares of the company’s stock, valued at approximately $2,635,998. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,009 shares of company stock worth $36,887,143. 0.60% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Humana by 1.7% during the 1st quarter. BlackRock Inc. now owns 12,186,387 shares of the insurance provider’s stock valued at $3,276,068,000 after purchasing an additional 198,588 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Humana by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,564,251 shares of the insurance provider’s stock valued at $420,503,000 after purchasing an additional 11,915 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Humana by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,522,654 shares of the insurance provider’s stock valued at $376,937,000 after purchasing an additional 28,147 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Humana by 80.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 741,942 shares of the insurance provider’s stock valued at $199,454,000 after purchasing an additional 329,956 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its position in shares of Humana by 213.1% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 727,057 shares of the insurance provider’s stock valued at $195,454,000 after purchasing an additional 494,826 shares in the last quarter. Institutional investors own 93.34% of the company’s stock.

About Humana

Humana Inc, together with its subsidiaries, operates as a health and well-being company in the United States. The company operates through four segments: Retail; Group and Specialty; Healthcare Services; and Individual Commercial. The Retail segment offers Medicare and supplemental benefit plans to individuals or through group accounts.

Analyst Recommendations for Humana (NYSE:HUM)

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