Cypress Capital Group Takes $248,000 Position in Humana Inc (HUM)
Cypress Capital Group acquired a new position in shares of Humana Inc (NYSE:HUM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,017 shares of the insurance provider’s stock, valued at approximately $248,000.
A number of other hedge funds have also recently modified their holdings of HUM. WFG Advisors LP grew its position in shares of Humana by 4.5% in the 2nd quarter. WFG Advisors LP now owns 469 shares of the insurance provider’s stock valued at $113,000 after buying an additional 20 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Humana in the 3rd quarter valued at about $115,000. Acrospire Investment Management LLC bought a new stake in shares of Humana in the 2nd quarter valued at about $120,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Humana by 139.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 558 shares of the insurance provider’s stock valued at $134,000 after buying an additional 325 shares during the last quarter. Finally, Fiduciary Trust Co. bought a new stake in shares of Humana in the 2nd quarter valued at about $135,000. Institutional investors and hedge funds own 94.19% of the company’s stock.
Humana Inc (NYSE:HUM) opened at $256.24 on Thursday. The stock has a market capitalization of $36,377.89, a PE ratio of 21.73, a PEG ratio of 1.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.61 and a quick ratio of 1.61. Humana Inc has a 52 week low of $186.25 and a 52 week high of $264.56.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, December 28th. Humana’s dividend payout ratio (DPR) is currently 12.59%.
HUM has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Humana from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. ValuEngine upgraded Humana from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $242.00 price target (down previously from $245.00) on shares of Humana in a research report on Thursday, November 9th. Credit Suisse Group reduced their price target on Humana from $256.00 to $246.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Finally, Zacks Investment Research lowered Humana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Humana presently has a consensus rating of “Hold” and a consensus price target of $256.30.
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Humana Inc is a health and well-being company. The Company’s segments include Retail, Group and Specialty, Healthcare Services and Individual Commercial. The Retail segment consists of Medicare benefits, 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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