Humana (HUM) PT Raised to $415.00

Share on StockTwits

Humana (NYSE:HUM) had its target price upped by analysts at Bank of America from $400.00 to $415.00 in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the insurance provider’s stock. Bank of America’s price objective would indicate a potential upside of 22.44% from the company’s previous close.

A number of other brokerages have also recently commented on HUM. Zacks Investment Research upgraded shares of Humana from a “hold” rating to a “buy” rating and set a $377.00 price target on the stock in a research note on Thursday, October 4th. Credit Suisse Group upped their price target on shares of Humana from $350.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday, September 4th. Piper Jaffray Companies restated a “buy” rating and set a $355.00 price target on shares of Humana in a research note on Thursday, August 2nd. Cowen started coverage on shares of Humana in a research note on Monday, September 17th. They set a “market perform” rating and a $372.00 price target on the stock. Finally, Morgan Stanley started coverage on shares of Humana in a research note on Thursday, July 12th. They set an “overweight” rating and a $362.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $352.30.

HUM traded down $0.64 during midday trading on Thursday, reaching $338.95. The company had a trading volume of 780,088 shares, compared to its average volume of 655,197. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.47. The stock has a market cap of $48.77 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.73 and a beta of 1.03. Humana has a 12-month low of $231.90 and a 12-month high of $355.88.

Humana (NYSE:HUM) last announced its quarterly earnings results on Wednesday, November 7th. The insurance provider reported $4.58 EPS for the quarter, beating the Zacks’ consensus estimate of $4.29 by $0.29. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $13.97 billion. Humana had a net margin of 2.70% and a return on equity of 19.36%. During the same period in the prior year, the company posted $3.39 EPS. As a group, sell-side analysts anticipate that Humana will post 14.44 earnings per share for the current year.

In other Humana news, insider Elizabeth D. Bierbower sold 3,092 shares of the stock in a transaction that occurred on 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 directly owns 14,289 shares in the company, valued at approximately $4,715,370. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bruce D. Broussard sold 18,000 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $328.66, for a total transaction of $5,915,880.00. Following the completion of the sale, the chief executive officer now owns 71,085 shares in the company, valued at $23,362,796.10. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HUM. FMR LLC increased its holdings in shares of Humana by 1.4% in the 3rd quarter. FMR LLC now owns 12,379,797 shares of the insurance provider’s stock worth $4,190,809,000 after buying an additional 167,283 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Humana by 1.2% in the 3rd quarter. BlackRock Inc. now owns 12,311,736 shares of the insurance provider’s stock worth $4,167,767,000 after buying an additional 140,731 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Humana by 1.2% in the 2nd quarter. Northern Trust Corp now owns 1,687,211 shares of the insurance provider’s stock worth $502,164,000 after buying an additional 20,480 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Humana by 7.6% in the 2nd quarter. Acadian Asset Management LLC now owns 1,324,681 shares of the insurance provider’s stock worth $394,262,000 after buying an additional 93,021 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Humana by 4.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,090 shares of the insurance provider’s stock worth $272,199,000 after buying an additional 35,845 shares during the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.

Humana Company Profile

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.

Featured Article: Are analyst ratings accurate?

Analyst Recommendations for Humana (NYSE:HUM)

Receive News & Ratings for Humana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Humana and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.