Aperio Group LLC increased its position in Humana Inc (NYSE:HUM) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,782 shares of the insurance provider’s stock after purchasing an additional 2,467 shares during the quarter. Aperio Group LLC owned approximately 0.11% of Humana worth $50,704,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in HUM. FMR LLC lifted its holdings in shares of Humana by 12.7% during the 2nd quarter. FMR LLC now owns 12,212,514 shares of the insurance provider’s stock valued at $3,634,811,000 after purchasing an additional 1,374,030 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Humana by 153.7% during the 2nd quarter. Glenmede Trust Co. NA now owns 500,266 shares of the insurance provider’s stock valued at $148,895,000 after purchasing an additional 303,080 shares in the last quarter. Unigestion Holding SA acquired a new stake in Humana in the 2nd quarter valued at approximately $79,340,000. LFA Lugano Financial Advisors SA acquired a new stake in Humana in the 2nd quarter valued at approximately $204,000. Finally, Summit Trail Advisors LLC raised its position in Humana by 24,611.8% in the 1st quarter. Summit Trail Advisors LLC now owns 184,103 shares of the insurance provider’s stock valued at $184,000 after buying an additional 183,358 shares during the last quarter. Hedge funds and other institutional investors own 92.62% of the company’s stock.
HUM has been the topic of a number of recent research reports. Zacks Investment Research raised Humana from a “hold” rating to a “buy” rating and set a $377.00 target price on the stock in a research report on Thursday, October 4th. Argus boosted their price target on Humana to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Piper Jaffray Companies boosted their price target on Humana from $355.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. Barclays assumed coverage on Humana in a research report on Thursday, September 13th. They set an “overweight” rating and a $370.00 price target on the stock. Finally, SunTrust Banks boosted their target price on Humana to $380.00 and gave the stock a “hold” rating in a report on Wednesday, September 19th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $352.30.
Humana (NYSE:HUM) last issued its earnings results on Wednesday, November 7th. The insurance provider reported $4.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $0.29. Humana had a return on equity of 19.36% and a net margin of 2.70%. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $13.97 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. As a group, equities research analysts anticipate that Humana Inc will post 14.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 25th. Stockholders of record on Monday, December 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 0.59%. Humana’s payout ratio is 17.08%.
In other news, CEO Bruce D. Broussard sold 18,000 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $328.66, for a total value of $5,915,880.00. Following the completion of the sale, the chief executive officer now owns 71,085 shares of the company’s stock, valued at $23,362,796.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Elizabeth D. Bierbower sold 3,092 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $330.00, for a total value of $1,020,360.00. Following the sale, the insider now owns 14,289 shares in the company, valued at approximately $4,715,370. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
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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.
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