Humana Inc. $HUM Stock: ARGA Investment Management LP Reduces Holdings

ARGA Investment Management LP lessened its stake in Humana Inc. (NYSE:HUM - Free Report) by 25.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,992 shares of the insurance provider's stock after selling 41,580 shares during the quarter. Humana accounts for about 1.2% of ARGA Investment Management LP's investment portfolio, making the stock its 19th biggest holding. ARGA Investment Management LP owned about 0.10% of Humana worth $47,693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in HUM. BlackRock Inc. bought a new stake in shares of Humana in the second quarter worth $4,138,160,000. Pzena Investment Management LLC acquired a new stake in Humana in the 2nd quarter valued at $1,749,014,000. Assenagon Asset Management S.A. increased its stake in Humana by 20,126.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,255,479 shares of the insurance provider's stock valued at $479,053,000 after buying an additional 1,249,272 shares during the last quarter. Legal & General Group Plc bought a new stake in Humana during the 2nd quarter worth about $329,760,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Humana during the 2nd quarter worth about $314,922,000. Institutional investors own 92.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HUM shares. Lake Street Capital began coverage on Humana in a research note on Thursday, July 30th. They issued a "buy" rating for the company. Wolfe Research reiterated an "outperform" rating and set a $450.00 price objective on shares of Humana in a research note on Monday, August 24th. Leerink Partners raised Humana from a "market perform" rating to an "outperform" rating and set a $513.00 price objective for the company in a report on Thursday, July 30th. Guggenheim raised their target price on shares of Humana from $269.00 to $471.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Evercore upgraded shares of Humana from an "in-line" rating to an "outperform" rating and set a $480.00 target price on the stock in a report on Wednesday, July 29th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $453.30.

Humana Trading Up 1.8%

Shares of HUM stock opened at $417.70 on Wednesday. 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 stock has a market cap of $50.16 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65. The stock has a 50 day simple moving average of $402.16 and a 200 day simple moving average of $310.09. Humana Inc. has a 1 year low of $163.11 and a 1 year high of $456.50.

Humana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Thursday, December 24th will be issued a $0.8850 dividend. The ex-dividend date of this dividend is Thursday, December 24th. This represents a $3.54 annualized dividend and a yield of 0.8%. Humana's payout ratio is currently 33.49%.

Humana Profile

Humana Inc is a health and well-being company that provides insurance products and health care services in the United States and Puerto Rico. The company's primary business is government-sponsored health coverage, particularly Medicare Advantage plans for older adults, along with Medicare prescription drug plans, Medicaid coverage and certain commercial health insurance products.

Humana also operates CenterWell, its health care services platform focused on older adults. CenterWell includes primary care clinics, home health services and pharmacy services, with an emphasis on coordinated care, chronic-condition management and helping members receive care in lower-cost settings.

Founded in 1961 as a nursing-home company, Humana expanded into hospital operations before shifting its focus toward health insurance and related services.

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