Public Employees Retirement Association of Colorado Sells 1,632 Shares of Humana Inc. (HUM)
Public Employees Retirement Association of Colorado decreased its position in shares of Humana Inc. (NYSE:HUM) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 264,930 shares of the insurance provider’s stock after selling 1,632 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.18% of Humana worth $47,656,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in HUM. Daiwa SB Investments Ltd. raised its stake in Humana by 7.5% in the second quarter. Daiwa SB Investments Ltd. now owns 720 shares of the insurance provider’s stock worth $132,000 after buying an additional 50 shares during the period. Bessemer Group Inc. raised its position in shares of Humana by 392.6% in the first quarter. Bessemer Group Inc. now owns 1,000 shares of the insurance provider’s stock worth $183,000 after buying an additional 797 shares during the last quarter. Spark Investment Management LLC bought a new position in shares of Humana during the first quarter worth approximately $274,000. Trust Co raised its position in shares of Humana by 12.4% in the first quarter. Trust Co now owns 1,720 shares of the insurance provider’s stock worth $315,000 after buying an additional 190 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its position in shares of Humana by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,196 shares of the insurance provider’s stock worth $395,000 after buying an additional 67 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.
Humana Inc. (NYSE:HUM) traded up 0.29% during midday trading on Friday, hitting $177.74. 861,411 shares of the stock traded hands. The company has a market cap of $26.50 billion, a price-to-earnings ratio of 27.31 and a beta of 0.90. Humana Inc. has a 52-week low of $150.00 and a 52-week high of $191.65. The firm’s 50-day moving average is $176.85 and its 200-day moving average is $176.11.
Humana (NYSE:HUM) last announced its quarterly earnings results on Wednesday, August 3rd. The insurance provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.07. Humana had a net margin of 1.76% and a return on equity of 11.11%. The company had revenue of $14 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. Humana’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts predict that Humana Inc. will post $9.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 13th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.65%. The ex-dividend date is Tuesday, October 11th. Humana’s dividend payout ratio is presently 18.18%.
A number of brokerages have recently commented on HUM. Leerink Swann reissued an “outperform” rating on shares of Humana in a report on Tuesday, June 21st. Credit Suisse Group AG reissued a “hold” rating on shares of Humana in a report on Tuesday, June 28th. Argus reissued a “hold” rating on shares of Humana in a report on Tuesday, August 23rd. Cantor Fitzgerald reissued a “buy” rating on shares of Humana in a report on Monday, August 8th. Finally, Wolfe Research began coverage on shares of Humana in a report on Tuesday, June 28th. They issued a “market perform” rating and a $244.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $201.00.
Humana Inc is a health and well-being company. The Company’s segments include Retail, Group, Healthcare Services and Other Businesses. The Retail segment consists of Medicare benefits, marketed to individuals or directly via group accounts, as well as individual commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products.
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