Humana Inc. (NYSE:HUM) Declares Quarterly Dividend of $0.89

Humana Inc. (NYSE:HUM) declared a quarterly dividend on Tuesday, September 1st. Stockholders of record on Friday, October 30th will be given a dividend of 0.885 per share by the insurance provider on Friday, November 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 30th.

Humana has increased its dividend payment by an average of 0.1%per year over the last three years. Humana has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Humana to earn $15.26 per share next year, which means the company should continue to be able to cover its $3.54 annual dividend with an expected future payout ratio of 23.2%.

Humana Price Performance

Shares of Humana stock opened at $400.12 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $387.50 and a 200-day simple moving average of $293.70. The stock has a market capitalization of $48.05 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.59 and a beta of 0.74. Humana has a 1-year low of $163.11 and a 1-year high of $428.88.

Humana (NYSE:HUM) last posted its earnings results on Wednesday, July 29th. The insurance provider reported $7.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.27 by $0.34. The business had revenue of $40.89 billion for the quarter, compared to analyst estimates of $40.58 billion. Humana had a net margin of 0.88% and a return on equity of 11.20%. Humana’s revenue was up 26.2% compared to the same quarter last year. During the same period last year, the business posted $6.27 EPS. On average, sell-side analysts expect that Humana will post 9 earnings per share for the current year.

Humana Company Profile

Humana Inc (NYSE: HUM) is a health insurance company headquartered in Louisville, Kentucky, that primarily serves individuals and groups across the United States. The company is best known for its Medicare business, offering Medicare Advantage plans and prescription drug (Part D) coverage, alongside a range of commercial and employer-sponsored group health plans. Humana’s products are designed to cover medical, behavioral health and pharmacy needs for members, with particular emphasis on seniors and Medicare-eligible populations.

In addition to traditional insurance products, Humana provides care-management and wellness services intended to support chronic-condition management, preventive care and care coordination.