Soltis Investment Advisors LLC Makes New $471,000 Investment in Humana Inc. $HUM

Soltis Investment Advisors LLC bought a new position in Humana Inc. (NYSE:HUM) in the 3rd quarter, Holdings Channel.com reports. The firm bought 1,236 shares of the insurance provider’s stock, valued at approximately $471,000.

A number of other institutional investors have also added to or reduced their stakes in HUM. Hanseatic Management Services Inc. purchased a new position in shares of Humana in the 3rd quarter worth about $287,000. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Humana by 21.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 151 shares of the insurance provider’s stock valued at $58,000 after buying an additional 27 shares in the last quarter. Simplify Asset Management Inc. purchased a new position in shares of Humana during the 3rd quarter valued at about $24,875,000. Asset Management One Co. Ltd. lifted its position in Humana by 1.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 51,454 shares of the insurance provider’s stock worth $19,633,000 after buying an additional 871 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in Humana by 17.4% in the 3rd quarter. Park Avenue Securities LLC now owns 3,339 shares of the insurance provider’s stock worth $1,274,000 after buying an additional 495 shares during the last quarter. Institutional investors own 92.38% of the company’s stock.

Humana Stock Performance

NYSE:HUM opened at $414.04 on Monday. The stock has a market cap of $49.72 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 2.55 and a beta of 0.74. The firm’s fifty day simple moving average is $400.92 and its 200 day simple moving average is $308.70. Humana Inc. has a twelve month low of $163.11 and a twelve month high of $456.50. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

Humana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Thursday, December 24th will be issued a dividend of $0.8850 per share. 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’s payout ratio is 33.49%.

Analyst Upgrades and Downgrades

HUM has been the subject of several research reports. Lake Street Capital initiated coverage on Humana in a research note on Thursday, July 30th. They issued a “buy” rating for the company. Weiss Ratings raised shares of Humana from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Morgan Stanley upgraded shares of Humana from an “underweight” rating to an “overweight” rating in a report on Friday, October 9th. Wolfe Research reaffirmed an “outperform” rating and issued a $450.00 price objective on shares of Humana in a research note on Monday, August 24th. Finally, Citigroup started coverage on shares of Humana in a research note on Friday, October 9th. They issued a “buy” rating for the company. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Humana has a consensus rating of “Moderate Buy” and a consensus price target of $453.30.

Humana Profile

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.