National Pension Service Has $34.28 Million Stake in Humana Inc (HUM)
National Pension Service lifted its stake in Humana Inc (NYSE:HUM) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 138,188 shares of the insurance provider’s stock after acquiring an additional 658 shares during the quarter. National Pension Service’s holdings in Humana were worth $34,280,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Humana by 118.3% in the fourth quarter. Bank of Montreal Can now owns 501,379 shares of the insurance provider’s stock worth $124,378,000 after buying an additional 271,701 shares during the period. Convergence Investment Partners LLC boosted its position in shares of Humana by 7.1% in the fourth quarter. Convergence Investment Partners LLC now owns 12,899 shares of the insurance provider’s stock worth $3,200,000 after buying an additional 858 shares during the period. KCS Wealth Advisory purchased a new stake in shares of Humana in the fourth quarter worth about $266,000. Nisa Investment Advisors LLC boosted its position in shares of Humana by 0.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 72,912 shares of the insurance provider’s stock worth $18,087,000 after buying an additional 560 shares during the period. Finally, Daiwa SB Investments Ltd. boosted its position in shares of Humana by 44.9% in the fourth quarter. Daiwa SB Investments Ltd. now owns 710 shares of the insurance provider’s stock worth $176,000 after buying an additional 220 shares during the period. 94.01% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on HUM shares. BMO Capital Markets upped their target price on Humana from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Cowen reiterated a “buy” rating and issued a $285.00 price target on shares of Humana in a research note on Wednesday, December 13th. 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 note on Thursday, November 9th. Credit Suisse Group cut their price target on Humana from $256.00 to $246.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $230.00 price target on shares of Humana in a research note on Tuesday, December 5th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $260.10.
Shares of Humana Inc (HUM) opened at $275.75 on Thursday. Humana Inc has a one year low of $186.25 and a one year high of $276.07. The stock has a market capitalization of $38,596.51, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.69 and a beta of 0.88. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35.
Humana (NYSE:HUM) last announced its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $3.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.27 by $0.12. Humana had a return on equity of 15.99% and a net margin of 3.49%. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.41 billion. During the same quarter in the prior year, the firm posted $3.18 earnings per share. Humana’s revenue for the quarter was down 3.0% compared to the same quarter last year. equities research analysts expect that Humana Inc will post 11.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.58%. The ex-dividend date is Thursday, December 28th. Humana’s payout ratio is currently 12.59%.
Humana declared that its board has approved a stock buyback plan on Thursday, December 14th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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Humana Company Profile
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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