Humana Inc. (NYSE:HUM) Position Lessened by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Humana Inc. (NYSE:HUM) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,932 shares of the insurance provider’s stock after selling 200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Humana were worth $2,266,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Transcend Capital Advisors LLC raised its stake in Humana by 399.7% during the 4th quarter. Transcend Capital Advisors LLC now owns 3,643 shares of the insurance provider’s stock valued at $924,000 after acquiring an additional 2,914 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of Humana by 6,647.5% during the fourth quarter. FNY Investment Advisers LLC now owns 27,260 shares of the insurance provider’s stock valued at $6,916,000 after purchasing an additional 26,856 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Humana by 735.9% in the fourth quarter. Retirement Systems of Alabama now owns 219,002 shares of the insurance provider’s stock worth $55,563,000 after purchasing an additional 192,801 shares during the period. Charles Schwab Investment Management Inc. grew its position in Humana by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 964,926 shares of the insurance provider’s stock valued at $244,811,000 after buying an additional 65,735 shares in the last quarter. Finally, Secure Asset Management LLC acquired a new position in Humana during the 4th quarter valued at about $244,000. 92.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HUM shares. Robert W. Baird increased their price objective on shares of Humana from $270.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. Barclays lifted their price target on Humana from $270.00 to $322.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Truist Financial raised their target price on Humana from $290.00 to $325.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Morgan Stanley dropped their price target on shares of Humana from $301.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Piper Sandler raised their price objective on shares of Humana from $270.00 to $288.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Seventeen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $284.90.

Humana Price Performance

Shares of HUM opened at $263.92 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $31.85 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.05 and a beta of 0.62. The business’s 50-day moving average is $266.35 and its 200-day moving average is $270.50. Humana Inc. has a fifty-two week low of $213.31 and a fifty-two week high of $406.46.

Humana (NYSE:HUM) last released its earnings results on Tuesday, February 11th. The insurance provider reported ($2.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.26) by $0.10. Humana had a net margin of 1.02% and a return on equity of 11.70%. Equities research analysts expect that Humana Inc. will post 16.47 EPS for the current fiscal year.

Humana Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.885 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $3.54 annualized dividend and a dividend yield of 1.34%. Humana’s dividend payout ratio is 35.58%.

Humana Profile

Humana Inc, together with its subsidiaries, provides medical and specialty insurance products in the United States. It operates through two segments, Insurance and CenterWell. The company offers medical and supplemental benefit plans to individuals. It has a contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits.