Humana Inc. (NYSE:HUM) Shareholders to Collect $0.89 Quarterly Dividend

Humana Inc. (NYSE:HUM) announced a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, December 24th will be given a dividend of $0.8850 per share by the insurance provider on Friday, January 29th. This represents a $3.54 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, December 24th.

Humana has increased its dividend by an average of 0.1% per year over the last three years. Humana has a dividend payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Humana to earn $16.02 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 22.1%.

Humana Price Performance

Humana stock opened at $415.55 on Friday. The business’s 50 day simple moving average is $400.25 and its 200 day simple moving average is $308.01. The company has a market cap of $49.90 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 2.54 and a beta of 0.74. Humana has a 12 month low of $163.11 and a 12 month high of $456.50. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

Humana (NYSE:HUM) last announced its earnings results on Wednesday, July 29th. The insurance provider reported $7.61 earnings per share for the quarter, topping 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 return on equity of 11.20% and a net margin of 0.88%. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the company earned $6.27 EPS. Sell-side analysts forecast that Humana will post 9.03 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Humana during the 2nd quarter worth about $4,138,160,000. Pzena Investment Management LLC purchased a new stake in shares of Humana in the second quarter valued at $1,749,014,000. Assenagon Asset Management S.A. raised its stake in shares of Humana by 20,126.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,255,479 shares of the insurance provider’s stock worth $479,053,000 after purchasing an additional 1,249,272 shares in the last quarter. Legal & General Group Plc acquired a new position in Humana during the 2nd quarter worth $329,760,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Humana in the 2nd quarter worth $314,922,000. 92.38% of the stock is owned by institutional investors and hedge funds.

About Humana

Humana Inc is a health and well-being company that provides insurance products and health care services in the United States and Puerto Rico. The company’s primary business is government-sponsored health coverage, particularly Medicare Advantage plans for older adults, along with Medicare prescription drug plans, Medicaid coverage and certain commercial health insurance products.

Humana also operates CenterWell, its health care services platform focused on older adults. CenterWell includes primary care clinics, home health services and pharmacy services, with an emphasis on coordinated care, chronic-condition management and helping members receive care in lower-cost settings.

Founded in 1961 as a nursing-home company, Humana expanded into hospital operations before shifting its focus toward health insurance and related services.