California State Teachers Retirement System Purchases 1,556 Shares of Humana Inc. $HUM

California State Teachers Retirement System grew its holdings in Humana Inc. (NYSE:HUM - Free Report) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 172,813 shares of the insurance provider's stock after buying an additional 1,556 shares during the quarter. California State Teachers Retirement System owned 0.14% of Humana worth $68,644,780 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HUM. Manning & Napier Advisors LLC acquired a new stake in Humana during the 2nd quarter valued at $1,412,000. Sustainable Insight Capital Management LLC grew its stake in Humana by 23.7% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 24,757 shares of the insurance provider's stock valued at $6,341,000 after buying an additional 4,740 shares during the last quarter. Pzena Investment Management LLC bought a new stake in Humana during the 2nd quarter worth approximately $1,749,014,000. North Dakota State Investment Board bought a new stake in Humana in the 4th quarter valued at $1,517,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Humana during the second quarter worth $1,229,000. Institutional investors and hedge funds own 92.38% of the company's stock.

Wall Street Analyst Weigh In

HUM has been the topic of several recent analyst reports. Truist Financial increased their price objective on Humana from $320.00 to $415.00 and gave the company a "hold" rating in a research report on Tuesday, July 14th. Wolfe Research reaffirmed an "outperform" rating and set a $450.00 price target on shares of Humana in a report on Monday, August 24th. Morgan Stanley upgraded Humana from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $249.00 to $370.00 in a report on Tuesday, August 4th. Seaport Research Partners lowered Humana to a "neutral" rating in a research report on Wednesday, May 20th. Finally, Raymond James Financial cut Humana from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $403.91.

Humana Trading Down 2.5%

Shares of HUM stock traded down $9.99 on Tuesday, reaching $397.03. 366,270 shares of the company's stock were exchanged, compared to its average volume of 1,673,771. The stock has a market capitalization of $47.68 billion, a PE ratio of 37.56, a P/E/G ratio of 2.53 and a beta of 0.74. Humana Inc. has a 52 week low of $163.11 and a 52 week high of $428.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The company's fifty day simple moving average is $389.24 and its 200 day simple moving average is $306.05.

Humana (NYSE:HUM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The insurance provider reported $7.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.27 by $0.34. The company had revenue of $40.89 billion for the quarter, compared to analyst estimates of $40.58 billion. Humana had a net margin of 0.88% and a return on equity of 11.20%. The business's revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.27 earnings per share. As a group, analysts forecast that Humana Inc. will post 9 EPS for the current year.

Humana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, October 30th will be given a dividend of $0.885 per share. The ex-dividend date is Friday, October 30th. This represents a $3.54 annualized dividend and a dividend yield of 0.9%. Humana's payout ratio is presently 33.49%.

About Humana

Humana Inc NYSE: HUM is a U.S.-based health insurance and health care services company focused primarily on government-sponsored programs. Its offerings include Medicare Advantage plans, Medicare prescription drug plans, Medicaid coverage and specialty insurance products, serving individuals, employers and government organizations.

Through its CenterWell business, Humana also provides senior-focused primary care, pharmacy services and home health care. These operations are designed to support coordinated care for older adults and other members with ongoing health care needs.

Humana was founded in 1961 as a nursing-home company and later expanded into hospital ownership before shifting its focus toward health insurance.

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