Fort Washington Investment Advisors Inc. OH lowered its stake in shares of Humana Inc (NYSE:HUM) by 26.7% during the third quarter, Holdings Channel reports. The fund owned 1,026 shares of the insurance provider’s stock after selling 374 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Humana were worth $347,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Alps Advisors Inc. boosted its stake in shares of Humana by 10.0% during the second quarter. Alps Advisors Inc. now owns 3,675 shares of the insurance provider’s stock valued at $1,094,000 after acquiring an additional 334 shares during the last quarter. Sio Capital Management LLC acquired a new stake in shares of Humana during the second quarter valued at $5,296,000. Intact Investment Management Inc. acquired a new stake in shares of Humana during the third quarter valued at $220,000. Columbus Hill Capital Management L.P. boosted its stake in shares of Humana by 57.6% during the second quarter. Columbus Hill Capital Management L.P. now owns 150,759 shares of the insurance provider’s stock valued at $44,870,000 after acquiring an additional 55,100 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in shares of Humana by 4.2% during the third quarter. DNB Asset Management AS now owns 30,023 shares of the insurance provider’s stock valued at $10,163,000 after acquiring an additional 1,209 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on HUM shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $318.00 price objective on shares of Humana in a research note on Thursday, August 2nd. Jefferies Financial Group increased their price objective on Humana from $356.00 to $372.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Morgan Stanley increased their price objective on Humana from $362.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Bank of America increased their price objective on Humana from $338.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $355.00 price objective on shares of Humana in a research note on Thursday, August 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Humana has a consensus rating of “Buy” and an average price target of $352.30.
Shares of NYSE:HUM opened at $319.73 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.45. Humana Inc has a 12-month low of $231.90 and a 12-month high of $355.88. The stock has a market capitalization of $43.86 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03.
Humana (NYSE:HUM) last issued its quarterly earnings results on Wednesday, November 7th. The insurance provider reported $4.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $0.29. Humana had a return on equity of 19.10% and a net margin of 2.70%. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $13.97 billion. During the same period last year, the company earned $3.39 EPS. Sell-side analysts expect that Humana Inc will post 14.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Monday, December 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, December 28th. Humana’s payout ratio is 17.08%.
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Humana Inc, together with its subsidiaries, operates as a health and well-being company in the United States. The company operates through four segments: Retail; Group and Specialty; Healthcare Services; and Individual Commercial. The Retail segment offers Medicare and supplemental benefit plans to individuals or through group accounts.
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